Savers Value Village, Inc. (NYSE:SVV - Get Free Report) hit a new 52-week high on Wednesday . The company traded as high as $13.11 and last traded at $12.87, with a volume of 960245 shares changing hands. The stock had previously closed at $12.89.
Analyst Ratings Changes
Several analysts have weighed in on the stock. Northland Securities assumed coverage on shares of Savers Value Village in a research note on Tuesday, June 10th. They set an "outperform" rating and a $15.00 target price for the company. Wall Street Zen raised Savers Value Village from a "hold" rating to a "buy" rating in a report on Saturday, August 2nd. JPMorgan Chase & Co. upped their price target on Savers Value Village from $9.00 to $11.00 and gave the company a "neutral" rating in a research report on Monday, July 28th. 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. Finally, Northland Capmk raised Savers Value Village to a "strong-buy" rating in a research report on Tuesday, June 10th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, Savers Value Village has an average rating of "Moderate Buy" and an average target price of $12.20.
Read Our Latest Analysis on Savers Value Village
Savers Value Village Price Performance
The company's 50 day simple moving average is $11.43 and its two-hundred day simple moving average is $10.05. The company has a debt-to-equity ratio of 1.65, a current ratio of 0.69 and a quick ratio of 0.51. The stock has a market capitalization of $1.97 billion, a P/E ratio of 60.34 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, beating analysts' consensus estimates of $0.12 by $0.02. The company had revenue of $417.21 million during 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 period last year, the company posted $0.14 earnings per share. Savers Value Village has set its FY 2025 guidance at 0.410-0.480 EPS. As a group, equities analysts expect that Savers Value Village, Inc. will post 0.28 EPS for the current fiscal year.
Insiders Place Their Bets
In related news, General Counsel Richard A. Medway sold 3,615 shares of the business's stock in a transaction that occurred on Wednesday, September 17th. The shares were sold at an average price of $12.98, for a total transaction of $46,922.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Mark T. Walsh sold 2,100 shares of the business's stock in a transaction that occurred on Thursday, September 18th. The shares were sold at an average price of $13.00, for a total value of $27,300.00. The disclosure for this sale can be found here. In the last three months, insiders sold 206,874 shares of company stock valued at $2,418,011. 3.09% of the stock is currently owned by insiders.
Institutional Inflows and Outflows
Several institutional investors have recently made changes to their positions in SVV. BNP Paribas Financial Markets bought a new position in shares of Savers Value Village in the 4th quarter valued at about $36,000. Sandia Investment Management LP acquired a new stake in shares of Savers Value Village in the 2nd quarter valued at $51,000. Lazard Asset Management LLC acquired a new stake in Savers Value Village in the second quarter valued at approximately $57,000. GAMMA Investing LLC grew its holdings in shares of 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 purchasing an additional 4,671 shares during the last quarter. Finally, Versant Capital Management Inc bought a new stake in shares of Savers Value Village in the first quarter worth $51,000. Institutional investors and hedge funds own 98.78% of the company's stock.
About Savers Value Village
(
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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