Savers Value Village (NYSE:SVV) Price Target Raised to $12.00

Key Points

• Piper Sandler raised the target price for Savers Value Village (NYSE:SVV) from $11.00 to $12.00, indicating a potential upside of 15.38%.
• Recent reports from other analysts show a consensus that includes one strong buy, five buy ratings, and three holds, with an average target price of $12.71.
• The company's quarterly earnings beat estimates with an EPS of $0.14 and revenue of $417.21 million, reflecting a 7.9% increase compared to the previous year.

Savers Value Village (NYSE:SVV - Get Free Report) had its target price raised by equities research analysts at Piper Sandler from $11.00 to $12.00 in a research report issued to clients and investors on Friday,Benzinga reports. The brokerage presently has a "neutral" rating on the stock. Piper Sandler's price objective would suggest a potential upside of 15.38% from the company's current price.

Several other research analysts have also recently issued reports on SVV. JPMorgan Chase & Co. raised their target price on shares of Savers Value Village from $9.00 to $11.00 and gave the stock a "neutral" rating in a report on Monday. The Goldman Sachs Group raised their target price on Savers Value Village from $9.00 to $10.00 and gave the stock a "neutral" rating in a report on Friday, May 2nd. Northland Capmk raised Savers Value Village to a "strong-buy" rating in a report on Tuesday, June 10th. Northland Securities began coverage on shares of Savers Value Village in a research note on Tuesday, June 10th. They set an "outperform" rating and a $15.00 price objective on the stock. Finally, William Blair initiated coverage on shares of Savers Value Village in a report on Friday, April 4th. They set an "outperform" rating for the company. Three analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Savers Value Village has an average rating of "Moderate Buy" and an average target price of $12.71.

Savers Value Village Stock Performance

Shares of SVV opened at $10.40 on Friday. The stock has a fifty day moving average price of $10.33 and a 200-day moving average price of $9.63. The company has a current ratio of 0.74, a quick ratio of 0.57 and a debt-to-equity ratio of 1.69. Savers Value Village has a 12 month low of $6.48 and a 12 month high of $11.89. The firm has a market cap of $1.61 billion, a PE ratio of 69.34 and a beta of 0.99.

Savers Value Village (NYSE:SVV - Get Free Report) last issued its quarterly earnings results on Thursday, July 31st. The company reported $0.14 EPS for the quarter, topping analysts' consensus estimates of $0.12 by $0.02. The company had revenue of $417.21 million during the quarter, compared to analysts' expectations of $405.75 million. Savers Value Village had a return on equity of 8.13% and a net margin of 1.59%. The firm's revenue was up 7.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.14 EPS. Equities research analysts predict that Savers Value Village will post 0.28 earnings per share for the current fiscal year.

Insider Activity at Savers Value Village

In other news, insider Melinda L. Geisser sold 48,000 shares of the company's stock in a transaction on Thursday, July 3rd. The stock was sold at an average price of $10.80, for a total transaction of $518,400.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, General Counsel Richard A. Medway sold 4,228 shares of Savers Value Village stock in a transaction on Wednesday, July 23rd. The shares were sold at an average price of $10.51, for a total value of $44,436.28. The disclosure for this sale can be found here. In the last quarter, insiders sold 129,341 shares of company stock worth $1,326,573. Insiders own 3.09% of the company's stock.

Institutional Investors Weigh In On Savers Value Village

Large investors have recently modified their holdings of the company. BNP Paribas Financial Markets acquired a new position in Savers Value Village in the fourth quarter valued at $36,000. GAMMA Investing LLC grew its holdings in Savers Value Village by 386.7% during the first quarter. GAMMA Investing LLC now owns 5,879 shares of the company's stock worth $41,000 after acquiring an additional 4,671 shares during the period. Versant Capital Management Inc purchased a new position in shares of Savers Value Village in the 1st quarter valued at about $51,000. KLP Kapitalforvaltning AS acquired a new stake in shares of Savers Value Village during the 4th quarter valued at approximately $57,000. Finally, Walleye Capital LLC purchased a new stake in Savers Value Village in the 1st quarter valued at approximately $74,000. 98.78% of the stock is owned by hedge funds and other institutional investors.

Savers Value Village Company Profile

Savers Value Village, Inc sells second-hand merchandise in retail stores in the United States, Canada, and Australia. It operates stores under the Savers, Value Village, Value Village Boutique, Village des Valeurs, Unique, and 2nd Avenue brands. The company purchases secondhand textiles, including clothing, bedding, and bath items; shoes; accessories; housewares; books; and other goods from non-profit partners and then processes, selects, prices, merchandises, and sells them in its stores.

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