Savers Value Village (NYSE:SVV) Hits New 52-Week High - Still a Buy?

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 hit a new 52-week high on Tuesday . The company traded as high as $11.97 and last traded at $11.92, with a volume of 144254 shares trading hands. The stock had previously closed at $11.64.

Analysts Set New Price Targets

A number of research firms have recently commented on SVV. Northland Capmk upgraded Savers Value Village to a "strong-buy" rating in a report on Tuesday, June 10th. JPMorgan Chase & Co. lifted their price objective on Savers Value Village from $9.00 to $11.00 and gave the company a "neutral" rating in a research note on Monday, July 28th. The Goldman Sachs Group increased their target price on shares of Savers Value Village from $9.00 to $10.00 and gave the stock a "neutral" rating in a research report on Friday, May 2nd. Northland Securities assumed coverage on shares of Savers Value Village in a research report on Tuesday, June 10th. They set an "outperform" rating and a $15.00 price target on the stock. Finally, Wall Street Zen upgraded shares of Savers Value Village from a "hold" rating to a "buy" rating in a research note on Saturday, August 2nd. Three research analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Savers Value Village presently has a consensus rating of "Moderate Buy" and an average target price of $12.71.

Savers Value Village Trading Down 3.4%

The business's 50-day simple moving average is $10.45 and its two-hundred day simple moving average is $9.64. The company has a current ratio of 0.69, a quick ratio of 0.57 and a debt-to-equity ratio of 1.65. The company has a market capitalization of $1.74 billion, a PE ratio of 53.17 and a beta of 1.00.

Savers Value Village (NYSE:SVV - Get Free Report) last issued its quarterly earnings data on Thursday, July 31st. The company reported $0.14 earnings per share for the quarter, beating analysts' consensus estimates of $0.12 by $0.02. Savers Value Village had a return on equity of 8.85% and a net margin of 2.14%. The firm had revenue of $417.21 million during the quarter, compared to analyst estimates of $405.75 million. During the same quarter last year, the firm earned $0.14 EPS. Savers Value Village's quarterly revenue was up 7.9% on a year-over-year basis. On average, analysts predict that Savers Value Village, Inc. will post 0.28 earnings per share 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 sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Mark T. Walsh sold 40,000 shares of the firm's stock in a transaction dated 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 sold a total of 138,312 shares of company stock valued at $1,426,758 in the last ninety days. Corporate insiders own 3.09% of the company's stock.

Hedge Funds Weigh In On Savers Value Village

A number of large investors have recently bought and sold shares of the business. Nuveen Asset Management LLC increased its position in Savers Value Village by 56.8% in the fourth quarter. Nuveen Asset Management LLC now owns 107,270 shares of the company's stock worth $1,100,000 after buying an additional 38,856 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH increased its holdings in shares of Savers Value Village by 91.5% in the 1st quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 370,976 shares of the company's stock worth $2,560,000 after acquiring an additional 177,261 shares during the period. GAMMA Investing LLC lifted its position in Savers Value Village by 386.7% in the 1st quarter. GAMMA Investing LLC now owns 5,879 shares of the company's stock valued at $41,000 after purchasing an additional 4,671 shares during the last quarter. Dimensional Fund Advisors LP acquired a new position in Savers Value Village during the 4th quarter valued at about $767,000. Finally, Vanguard Group Inc. grew its position in Savers Value Village by 3.0% in the 4th quarter. Vanguard Group Inc. now owns 2,382,647 shares of the company's stock worth $24,422,000 after purchasing an additional 68,316 shares during the last quarter. Institutional investors own 98.78% of the company's stock.

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.