Savers Value Village, Inc. (NYSE:SVV - Get Free Report)'s share price hit a new 52-week high during mid-day trading on Friday . The company traded as high as $12.24 and last traded at $12.19, with a volume of 176332 shares. The stock had previously closed at $11.90.
Wall Street Analysts Forecast Growth
Several research firms recently weighed in on SVV. JPMorgan Chase & Co. raised their target price on shares of Savers Value Village from $9.00 to $11.00 and gave the company a "neutral" rating in a research note on Monday, July 28th. Northland Capmk raised shares of Savers Value Village to a "strong-buy" rating in a research report on Tuesday, June 10th. Piper Sandler boosted their price objective on shares of Savers Value Village from $11.00 to $12.00 and gave the stock a "neutral" rating in a research note on Friday, August 1st. Northland Securities assumed coverage on shares of Savers Value Village in a research note on Tuesday, June 10th. They issued an "outperform" rating and a $15.00 target price for the company. Finally, Wall Street Zen upgraded Savers Value Village from a "hold" rating to a "buy" rating in a report on Saturday, August 2nd. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $12.20.
View Our Latest Stock Report on SVV
Savers Value Village Trading Up 3.6%
The business has a fifty day moving average price of $10.83 and a 200-day moving average price of $9.66. The company has a quick ratio of 0.51, a current ratio of 0.69 and a debt-to-equity ratio of 1.65. The company has a market cap of $1.95 billion, a P/E ratio of 59.65 and a beta of 1.02.
Savers Value Village (NYSE:SVV - Get Free Report) last announced its earnings results on Thursday, July 31st. The company reported $0.14 earnings per share for the quarter, topping analysts' consensus estimates of $0.12 by $0.02. The company had revenue of $417.21 million for the quarter, compared to analyst estimates of $405.75 million. Savers Value Village had a return on equity of 8.85% and a net margin of 2.14%.The firm's quarterly revenue was up 7.9% compared to the same quarter last year. During the same quarter last year, the company earned $0.14 earnings per share. Savers Value Village has set its FY 2025 guidance at 0.410-0.480 EPS. On average, analysts forecast that Savers Value Village, Inc. will post 0.28 earnings per share for the current year.
Insider Activity at Savers Value Village
In other Savers Value Village news, Director William T. Allen sold 12,402 shares of the stock in a transaction that occurred on Friday, August 15th. The shares were sold at an average price of $11.15, for a total transaction of $138,282.30. Following the transaction, the director owned 16,655 shares in the company, valued at $185,703.25. This represents a 42.68% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, General Counsel Richard A. Medway sold 17,619 shares of the firm's stock in a transaction that occurred on Thursday, July 3rd. The stock was sold at an average price of $10.65, for a total transaction of $187,642.35. The disclosure for this sale can be found here. Over the last three months, insiders have sold 110,110 shares of company stock worth $1,203,676. Corporate insiders own 3.09% of the company's stock.
Institutional Investors Weigh In On Savers Value Village
A number of large investors have recently added to or reduced their stakes in the stock. Nuveen Asset Management LLC raised its holdings in Savers Value Village by 56.8% in the 4th quarter. Nuveen Asset Management LLC now owns 107,270 shares of the company's stock valued at $1,100,000 after acquiring an additional 38,856 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH increased its position in shares of Savers Value Village by 91.5% in the first quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 370,976 shares of the company's stock worth $2,560,000 after purchasing an additional 177,261 shares during the period. GAMMA Investing LLC increased its position in shares of Savers Value Village by 386.7% in the first quarter. GAMMA Investing LLC now owns 5,879 shares of the company's stock worth $41,000 after purchasing an additional 4,671 shares during the period. Dimensional Fund Advisors LP acquired a new position in Savers Value Village in the fourth quarter valued at about $767,000. Finally, Federated Hermes Inc. lifted its position in Savers Value Village by 671.3% during the first quarter. Federated Hermes Inc. now owns 185,107 shares of the company's stock worth $1,277,000 after purchasing an additional 161,107 shares during the period. Institutional investors and hedge funds own 98.78% of the company's stock.
Savers Value Village Company Profile
(
Get Free Report)
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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