Weiss Ratings Upgrades Savers Value Village (NYSE:SVV) to "Hold (C-)"

Key Points

• Weiss Ratings upgraded Savers Value Village from a "sell" to a "hold" rating, reflecting a more favorable outlook for the company's stock performance.
• Additional analysts have issued positive ratings for the stock, with Wall Street Zen upgrading it to "buy" and Piper Sandler increasing the price target to $12.00.
• Savers Value Village's average target price is $13.17, with significant insider sales recently reported, indicating a potential shift in investor sentiment.

Savers Value Village (NYSE:SVV - Get Free Report) was upgraded by equities researchers at Weiss Ratings from a "sell (d+)" rating to a "hold (c-)" rating in a note issued to investors on Friday,Weiss Ratings reports.

A number of other equities analysts also recently commented on SVV. Wall Street Zen upgraded shares of Savers Value Village from a "hold" rating to a "buy" rating in a research note on Saturday, August 2nd. Piper Sandler upped their price target on shares of Savers Value Village from $11.00 to $12.00 and gave the stock a "neutral" rating in a research report on Friday, August 1st. BTIG Research initiated coverage on shares of Savers Value Village in a research report on Tuesday, October 14th. They issued a "buy" rating and a $18.00 price target for the company. Finally, JPMorgan Chase & Co. upped their price target 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. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, Savers Value Village has an average rating of "Moderate Buy" and an average target price of $13.17.

Savers Value Village Stock Performance

Shares of NYSE:SVV opened at $13.46 on Friday. The company has a market capitalization of $2.09 billion, a price-to-earnings ratio of 64.10 and a beta of 1.07. Savers Value Village has a 12 month low of $6.48 and a 12 month high of $13.89. The firm's 50-day moving average is $12.59 and its 200 day moving average is $11.03. The company has a current ratio of 0.69, a quick ratio of 0.51 and a debt-to-equity ratio of 1.65.

Savers Value Village (NYSE:SVV - Get Free Report) last issued its quarterly earnings results on Wednesday, January 15th. The company reported $0.18 EPS for the quarter. The company had revenue of $394.80 million for the quarter. Savers Value Village had a net margin of 2.14% and a return on equity of 8.85%. Research analysts predict that Savers Value Village will post 0.28 EPS for the current year.

Insider Activity at Savers Value Village

In related news, General Counsel Richard A. Medway sold 20,000 shares of the stock in a transaction that occurred on Friday, September 26th. The shares were sold at an average price of $13.69, for a total transaction of $273,800.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Mark T. Walsh sold 34,184 shares of the stock in a transaction that occurred on Wednesday, September 24th. The shares were sold at an average price of $13.08, for a total transaction of $447,126.72. The disclosure for this sale can be found here. Insiders sold 217,863 shares of company stock valued at $2,755,037 over the last 90 days. Insiders own 3.09% of the company's stock.

Institutional Investors Weigh In On Savers Value Village

A number of hedge funds and other institutional investors have recently bought and sold shares of SVV. Sandia Investment Management LP purchased a new position in shares of Savers Value Village in the second quarter worth $51,000. Lazard Asset Management LLC purchased a new position in shares of Savers Value Village in the second quarter worth $57,000. Walleye Capital LLC purchased a new position in shares of Savers Value Village in the first quarter worth $74,000. Savant Capital LLC purchased a new position in shares of Savers Value Village in the second quarter worth $104,000. Finally, State of Alaska Department of Revenue purchased a new position in shares of Savers Value Village in the third quarter worth $107,000. Hedge funds and other institutional investors own 98.78% of the company's stock.

Savers Value Village Company Profile

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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