Wall Street Zen Upgrades Savers Value Village (NYSE:SVV) to "Buy"

Key Points

• Savers Value Village (NYSE:SVV) has been upgraded from a "hold" rating to a "buy" rating by Wall Street Zen, indicating increased confidence in the company's future performance.
• Goldman Sachs raised its target price for SVV shares from $9.00 to $10.00, while Northland Capital Markets set a target price of $15.00, highlighting varying levels of optimism among analysts.
• In its latest financial results, Savers Value Village reported a 7.9% increase in revenue year-over-year and exceeded earnings expectations, reflecting a positive growth trajectory.

Savers Value Village (NYSE:SVV - Get Free Report) was upgraded by equities research analysts at Wall Street Zen from a "hold" rating to a "buy" rating in a note issued to investors on Saturday.

A number of other brokerages have also weighed in on SVV. The Goldman Sachs Group boosted their target price on shares of Savers Value Village from $9.00 to $10.00 and gave the company a "neutral" rating in a research note on Friday, May 2nd. Northland Capmk upgraded Savers Value Village to a "strong-buy" rating in a research report on Tuesday, June 10th. Northland Securities assumed coverage on Savers Value Village in a report on Tuesday, June 10th. They issued an "outperform" rating and a $15.00 target price on the stock. William Blair assumed coverage on Savers Value Village in a research note on Friday, April 4th. They set an "outperform" rating for the company. Finally, Piper Sandler boosted their price target on Savers Value Village from $11.00 to $12.00 and gave the company a "neutral" rating in a research note on Friday. Three research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $12.71.

Savers Value Village Price Performance

NYSE SVV opened at $11.46 on Friday. Savers Value Village has a one year low of $6.48 and a one year high of $11.89. The stock has a 50-day moving average of $10.37 and a 200 day moving average of $9.63. The company has a debt-to-equity ratio of 1.69, a quick ratio of 0.57 and a current ratio of 0.74. The company has a market capitalization of $1.78 billion, a price-to-earnings ratio of 54.57 and a beta of 1.00.

Savers Value Village (NYSE:SVV - Get Free Report) last announced its quarterly earnings results on Thursday, July 31st. The company reported $0.14 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.12 by $0.02. Savers Value Village had a net margin of 2.14% and a return on equity of 8.86%. The firm had revenue of $417.21 million for the quarter, compared to the consensus estimate of $405.75 million. During the same quarter last year, the firm posted $0.14 EPS. The business's quarterly revenue was up 7.9% compared to the same quarter last year. On average, sell-side analysts forecast that Savers Value Village will post 0.28 EPS for the current year.

Insider Buying and Selling

In other Savers Value Village news, CEO Mark T. Walsh sold 40,000 shares of the firm's stock in a transaction that occurred on Thursday, May 15th. The shares were sold at an average price of $8.86, for a total transaction of $354,400.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, General Counsel Richard A. Medway sold 4,228 shares of the company's stock in a transaction that occurred on Wednesday, July 23rd. The stock was sold at an average price of $10.51, for a total transaction of $44,436.28. The disclosure for this sale can be found here. In the last ninety days, insiders sold 129,341 shares of company stock valued at $1,326,573. 3.09% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Savers Value Village

A number of institutional investors have recently bought and sold shares of the business. T. Rowe Price Investment Management Inc. lifted its position in shares of Savers Value Village by 19.6% in the first quarter. T. Rowe Price Investment Management Inc. now owns 7,137,153 shares of the company's stock valued at $49,247,000 after acquiring an additional 1,167,253 shares in the last quarter. Baillie Gifford & Co. raised its stake in Savers Value Village by 76.4% during the 1st 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 period. Vanguard Group Inc. lifted its holdings 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 in the last quarter. Ameriprise Financial Inc. purchased a new position in Savers Value Village in the 4th quarter worth approximately $11,324,000. Finally, Geode Capital Management LLC boosted its stake in Savers Value Village by 2.2% in the 4th quarter. Geode Capital Management LLC now owns 554,854 shares of the company's stock worth $5,689,000 after purchasing an additional 11,855 shares during the period. Hedge funds and other institutional investors own 98.78% of the company's stock.

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.

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