Analysts Set Savers Value Village, Inc. (NYSE:SVV) PT at $27.63

Shares of Savers Value Village, Inc. (NYSE:SVV) have received an average recommendation of “Buy” from the nine analysts that are presently covering the firm, MarketBeat reports. Nine analysts have rated the stock with a buy rating. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $26.13.

A number of research firms recently weighed in on SVV. Piper Sandler lowered their price target on shares of Savers Value Village from $24.00 to $19.00 and set an “overweight” rating for the company in a report on Friday. Robert W. Baird decreased their price objective on shares of Savers Value Village from $23.00 to $21.00 and set an “outperform” rating for the company in a research report on Friday.

Insider Transactions at Savers Value Village

In other Savers Value Village news, CEO Mark T. Walsh sold 17,000 shares of the stock in a transaction that occurred on Monday, April 8th. The stock was sold at an average price of $18.61, for a total transaction of $316,370.00. The transaction was disclosed in a filing with the SEC, which is available at this link. In related news, insider Melinda L. Geisser sold 2,000 shares of the business’s stock in a transaction dated Wednesday, April 3rd. The shares were sold at an average price of $19.13, for a total transaction of $38,260.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Mark T. Walsh sold 17,000 shares of the stock in a transaction dated Monday, April 8th. The stock was sold at an average price of $18.61, for a total transaction of $316,370.00. The disclosure for this sale can be found here. In the last 90 days, insiders sold 55,855 shares of company stock valued at $1,038,650.

Hedge Funds Weigh In On Savers Value Village

Institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. boosted its position in Savers Value Village by 1,264.2% during the 3rd quarter. Vanguard Group Inc. now owns 2,250,983 shares of the company’s stock valued at $42,026,000 after purchasing an additional 2,085,983 shares during the period. Norges Bank bought a new position in shares of Savers Value Village during the fourth quarter worth about $25,076,000. American Century Companies Inc. increased its holdings in shares of Savers Value Village by 602.1% in the 3rd quarter. American Century Companies Inc. now owns 1,238,684 shares of the company’s stock worth $23,126,000 after acquiring an additional 1,062,253 shares during the period. Goldman Sachs Group Inc. lifted its position in Savers Value Village by 103.8% in the 4th quarter. Goldman Sachs Group Inc. now owns 972,863 shares of the company’s stock valued at $16,908,000 after purchasing an additional 495,482 shares during the last quarter. Finally, Alberta Investment Management Corp boosted its stake in Savers Value Village by 345.3% during the 4th quarter. Alberta Investment Management Corp now owns 206,564 shares of the company’s stock valued at $3,590,000 after purchasing an additional 160,176 shares during the period. 98.78% of the stock is owned by institutional investors.

Savers Value Village Trading Down 20.3 %

NYSE:SVV opened at $13.66 on Friday. The business’s 50-day moving average is $17.93 and its two-hundred day moving average is $17.16. The firm has a market capitalization of $2.21 billion and a PE ratio of 33.32. Savers Value Village has a 12 month low of $10.16 and a 12 month high of $26.88. The company has a debt-to-equity ratio of 2.09, a current ratio of 1.07 and a quick ratio of 0.93.

Savers Value Village (NYSE:SVV) last announced its earnings results on Thursday, May 9th. The company reported ($0.01) EPS for the quarter, missing the consensus estimate of $0.06 by ($0.07). Savers Value Village had a net margin of 4.17% and a return on equity of 14.46%. The company had revenue of $354.17 million for the quarter, compared to analysts’ expectations of $354.88 million. Research analysts predict that Savers Value Village will post 0.55 earnings per share for the current fiscal year.

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.