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 researchers at Wall Street Zen from a "hold" rating to a "buy" rating in a research note issued on Saturday.

Several other equities research analysts have also issued reports on SVV. William Blair started coverage on shares of Savers Value Village in a research report on Friday, April 4th. They set an "outperform" rating for the company. JPMorgan Chase & Co. raised 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 note on Monday, July 28th. Piper Sandler raised their price target on Savers Value Village from $11.00 to $12.00 and gave the stock a "neutral" rating in a research report on Friday. Northland Securities began coverage on shares of Savers Value Village in a report on Tuesday, June 10th. They set an "outperform" rating and a $15.00 price objective on the stock. Finally, The Goldman Sachs Group increased their price target on shares of Savers Value Village from $9.00 to $10.00 and gave the stock a "neutral" rating in a report on Friday, May 2nd. Three equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $12.71.

Savers Value Village Price Performance

Shares of SVV traded up $0.12 during mid-day trading on Friday, hitting $11.76. 299,397 shares of the company traded hands, compared to its average volume of 800,943. Savers Value Village has a one year low of $6.48 and a one year high of $11.97. The stock has a market capitalization of $1.83 billion, a price-to-earnings ratio of 55.98 and a beta of 1.00. The company has a current ratio of 0.74, a quick ratio of 0.57 and a debt-to-equity ratio of 1.69. The business has a 50-day moving average of $10.40 and a 200 day moving average of $9.62.

Savers Value Village (NYSE:SVV - Get Free Report) last issued its earnings results on Thursday, July 31st. The company reported $0.14 EPS for the quarter, beating the consensus estimate 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 company had revenue of $417.21 million during the quarter, compared to analysts' expectations of $405.75 million. During the same period in the previous year, the company earned $0.14 EPS. The business's revenue for the quarter was up 7.9% compared to the same quarter last year. As a group, equities analysts expect that Savers Value Village will post 0.28 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Savers Value Village news, General Counsel Richard A. Medway sold 17,619 shares of the company's stock in a transaction dated Thursday, July 3rd. The stock was sold at an average price of $10.65, for a total transaction of $187,642.35. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Melinda L. Geisser sold 48,000 shares of the stock in a transaction dated Thursday, July 3rd. The shares were sold at an average price of $10.80, for a total value of $518,400.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 131,978 shares of company stock worth $1,354,209. 3.09% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. BNP Paribas Financial Markets purchased a new position in Savers Value Village in the fourth quarter valued at about $36,000. GAMMA Investing LLC raised its holdings 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 acquiring an additional 4,671 shares in the last quarter. Versant Capital Management Inc bought a new stake in Savers Value Village during the 1st quarter worth approximately $51,000. KLP Kapitalforvaltning AS bought a new position in Savers Value Village in the 4th quarter valued at $57,000. Finally, Walleye Capital LLC bought a new position in Savers Value Village in the 1st quarter valued at $74,000. Institutional investors and hedge funds 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.