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

Key Points

• Savers Value Village, Inc. reached a new 52-week high of $12.73 during trading, closing at $12.12 with over 1.5 million shares traded.
• Analysts have shown optimism towards the stock, with ratings ranging from "buy" to "strong buy," and a consensus average price target set at $12.20.
• The company's latest quarterly earnings surpassed expectations, reporting a revenue of $417.21 million and earnings per share of $0.14, marking a 7.9% year-over-year growth.

Savers Value Village, Inc. (NYSE:SVV - Get Free Report)'s stock price hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $12.73 and last traded at $12.12, with a volume of 1534709 shares trading hands. The stock had previously closed at $12.54.

Analysts Set New Price Targets

A number of brokerages have commented on SVV. Wall Street Zen raised shares of Savers Value Village from a "hold" rating to a "buy" rating in a research report on Saturday, August 2nd. Piper Sandler raised their price target on shares of Savers Value Village from $11.00 to $12.00 and gave the company a "neutral" rating in a report on Friday, August 1st. JPMorgan Chase & Co. lifted their target price on shares of Savers Value Village from $9.00 to $11.00 and gave the stock a "neutral" rating in a research report on Monday, July 28th. Northland Securities started coverage on shares of Savers Value Village in a research report on Tuesday, June 10th. They issued an "outperform" rating and a $15.00 target price on the stock. Finally, Northland Capmk upgraded shares of Savers Value Village to a "strong-buy" rating in a research report on Tuesday, June 10th. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $12.20.

Savers Value Village Stock Performance

The company has a current ratio of 0.69, a quick ratio of 0.51 and a debt-to-equity ratio of 1.65. The firm's 50-day simple moving average is $11.00 and its two-hundred day simple moving average is $9.69. The company has a market cap of $1.96 billion, a PE ratio of 60.14 and a beta of 1.02.

Savers Value Village (NYSE:SVV - Get Free Report) last released its earnings results on Thursday, July 31st. The company reported $0.14 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.12 by $0.02. The business had revenue of $417.21 million during the quarter, compared to analyst estimates of $405.75 million. Savers Value Village had a net margin of 2.14% and a return on equity of 8.85%. The company's revenue for the quarter was up 7.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.14 earnings per share. Savers Value Village has set its FY 2025 guidance at 0.410-0.480 EPS. As a group, research analysts anticipate that Savers Value Village, Inc. will post 0.28 earnings per share for the current fiscal year.

Insider Activity

In other Savers Value Village news, General Counsel Richard A. Medway sold 17,500 shares of the company's stock in a transaction that occurred on Tuesday, September 2nd. The stock was sold at an average price of $12.51, for a total value of $218,925.00. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director William T. Allen sold 12,402 shares of the stock in a transaction on Friday, August 15th. The stock was sold at an average price of $11.15, for a total value of $138,282.30. Following the completion of the transaction, the director directly owned 16,655 shares of the company's stock, valued at approximately $185,703.25. The trade was a 42.68% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 168,610 shares of company stock worth $1,920,781 in the last ninety days. 3.09% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Primecap Management Co. CA boosted its position in Savers Value Village by 0.4% during the first quarter. Primecap Management Co. CA now owns 473,525 shares of the company's stock valued at $3,267,000 after purchasing an additional 1,775 shares during the last quarter. Invesco Ltd. boosted its holdings in shares of Savers Value Village by 5.9% during the 2nd quarter. Invesco Ltd. now owns 39,781 shares of the company's stock valued at $406,000 after acquiring an additional 2,224 shares in the last quarter. BNP Paribas Financial Markets acquired a new position in Savers Value Village during the 4th quarter worth about $36,000. Wells Fargo & Company MN raised its position in shares of Savers Value Village by 51.7% in the 4th quarter. Wells Fargo & Company MN now owns 10,931 shares of the company's stock worth $112,000 after acquiring an additional 3,725 shares in the last quarter. Finally, GAMMA Investing LLC raised its position in shares of Savers Value Village by 386.7% in the 1st quarter. GAMMA Investing LLC now owns 5,879 shares of the company's stock worth $41,000 after acquiring an additional 4,671 shares in the last quarter. 98.78% of the stock is owned by institutional investors and hedge funds.

About Savers Value Village

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.