Savers Value Village (NYSE:SVV) Reaches New 12-Month High - Here's What Happened

Key Points

• Savers Value Village shares reached a new 52-week high, trading at $11.97, with a current market capitalization of $1.81 billion.
• A number of analysts have upgraded their price targets for the stock, with Northland Securities issuing a price objective of $15.00 and a rating of "outperform."
• In its latest quarterly earnings report, Savers Value Village reported $0.14 EPS, surpassing analysts' expectations and showing a 7.9% increase in revenue year-over-year.

Savers Value Village, Inc. (NYSE:SVV - Get Free Report) shares reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $11.97 and last traded at $11.92, with a volume of 144254 shares changing hands. The stock had previously closed at $11.64.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on SVV. JPMorgan Chase & Co. increased their target price on Savers Value Village from $9.00 to $11.00 and gave the company a "neutral" rating in a report on Monday, July 28th. Wall Street Zen upgraded Savers Value Village from a "hold" rating to a "buy" rating in a report on Saturday, August 2nd. Piper Sandler increased their price objective on Savers Value Village from $11.00 to $12.00 and gave the stock a "neutral" rating in a report on Friday, August 1st. Northland Securities began coverage on Savers Value Village in a report on Tuesday, June 10th. They set an "outperform" rating and a $15.00 price objective for the company. Finally, The Goldman Sachs Group increased their price objective on Savers Value Village from $9.00 to $10.00 and gave the stock a "neutral" rating in a report on Friday, May 2nd. Three equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $12.71.

Savers Value Village Price Performance

The company has a quick ratio of 0.57, a current ratio of 0.69 and a debt-to-equity ratio of 1.65. The stock has a market capitalization of $1.73 billion, a price-to-earnings ratio of 53.00 and a beta of 1.00. The company's 50-day simple moving average is $10.49 and its 200 day simple moving average is $9.63.

Savers Value Village (NYSE:SVV - Get Free Report) last posted its earnings results on Thursday, July 31st. The company reported $0.14 EPS for the quarter, topping the consensus estimate of $0.12 by $0.02. The firm had revenue of $417.21 million for the quarter, compared to the consensus estimate of $405.75 million. Savers Value Village had a net margin of 2.14% and a return on equity of 8.85%. The business's quarterly revenue was up 7.9% on a year-over-year basis. During the same period in the prior year, the business posted $0.14 earnings per share. Equities research analysts forecast that Savers Value Village, Inc. will post 0.28 EPS for the current year.

Insiders Place Their Bets

In other Savers Value Village news, insider Melinda L. Geisser sold 48,000 shares of the stock in a transaction on Thursday, July 3rd. The shares were sold at an average price of $10.80, for a total transaction of $518,400.00. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Mark T. Walsh sold 40,000 shares of the stock in a transaction on Thursday, May 15th. The stock was sold at an average price of $8.86, for a total transaction of $354,400.00. The disclosure for this sale can be found here. Insiders have sold 138,312 shares of company stock valued at $1,426,758 over the last three months. 3.09% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Savers Value Village

Several hedge funds and other institutional investors have recently made changes to their positions in SVV. Baillie Gifford & Co. grew its position in shares of Savers Value Village by 76.4% in the first quarter. Baillie Gifford & Co. now owns 6,509,978 shares of the company's stock valued at $44,919,000 after purchasing an additional 2,820,500 shares during the last quarter. T. Rowe Price Investment Management Inc. grew its position in shares of Savers Value Village by 49.3% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 5,969,900 shares of the company's stock valued at $61,192,000 after purchasing an additional 1,970,894 shares during the last quarter. Ameriprise Financial Inc. acquired a new stake in shares of Savers Value Village in the fourth quarter valued at about $11,324,000. Marshall Wace LLP grew its position in shares of Savers Value Village by 1,328.7% in the fourth quarter. Marshall Wace LLP now owns 541,103 shares of the company's stock valued at $5,546,000 after purchasing an additional 503,230 shares during the last quarter. Finally, Archon Capital Management LLC acquired a new stake in shares of Savers Value Village in the fourth quarter valued at about $3,945,000. 98.78% of the stock is owned by institutional investors and hedge funds.

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.