The Goldman Sachs Group Forecasts Strong Price Appreciation for Savers Value Village (NYSE:SVV) Stock

Savers Value Village (NYSE:SVV) had its target price hoisted by investment analysts at The Goldman Sachs Group from $9.00 to $10.00 in a research note issued to investors on Friday,Benzinga reports. The firm presently has a “neutral” rating on the stock. The Goldman Sachs Group’s price target would suggest a potential downside of 11.03% from the stock’s current price.

SVV has been the subject of several other reports. JPMorgan Chase & Co. dropped their target price on shares of Savers Value Village from $10.00 to $9.00 and set a “neutral” rating for the company in a research report on Friday, February 21st. UBS Group reduced their target price on Savers Value Village from $14.00 to $13.00 and set a “buy” rating on the stock in a report on Friday, February 21st. William Blair began coverage on Savers Value Village in a report on Friday, April 4th. They set an “outperform” rating for the company. Finally, Piper Sandler upped their price objective on Savers Value Village from $10.00 to $11.00 and gave the stock a “neutral” rating in a research report on Friday. Three analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, Savers Value Village presently has a consensus rating of “Moderate Buy” and a consensus price target of $11.83.

Savers Value Village Stock Up 18.2 %

Shares of SVV opened at $11.24 on Friday. The company has a current ratio of 1.04, a quick ratio of 0.86 and a debt-to-equity ratio of 1.70. The stock has a market capitalization of $1.77 billion, a PE ratio of 62.45 and a beta of 0.95. The firm’s 50 day moving average is $7.94 and its 200-day moving average is $9.41. Savers Value Village has a 12 month low of $6.48 and a 12 month high of $17.30.

Savers Value Village (NYSE:SVV) last announced its quarterly earnings data on Thursday, February 20th. The company reported $0.05 earnings per share for the quarter, missing the consensus estimate of $0.09 by ($0.04). The company had revenue of $401.99 million during the quarter, compared to analyst estimates of $402.00 million. Savers Value Village had a net margin of 1.89% and a return on equity of 8.74%. Equities research analysts forecast that Savers Value Village will post 0.28 EPS for the current year.

Insider Activity

In other Savers Value Village news, insider T. Charles Hunsinger bought 6,000 shares of Savers Value Village stock in a transaction on Friday, March 7th. The shares were purchased at an average cost of $7.25 per share, with a total value of $43,500.00. Following the acquisition, the insider now directly owns 14,100 shares of the company’s stock, valued at $102,225. The trade was a 74.07 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 2.38% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Savers Value Village

Hedge funds have recently modified their holdings of the business. Geode Capital Management LLC lifted its holdings in Savers Value Village by 10.2% during the 3rd quarter. Geode Capital Management LLC now owns 542,999 shares of the company’s stock worth $5,714,000 after buying an additional 50,051 shares during the period. Baillie Gifford & Co. lifted its stake in shares of Savers Value Village by 570.0% in the fourth quarter. Baillie Gifford & Co. now owns 3,689,478 shares of the company’s stock worth $37,817,000 after acquiring an additional 3,138,844 shares during the period. Handelsbanken Fonder AB bought a new stake in Savers Value Village in the fourth quarter valued at approximately $138,000. Bank of New York Mellon Corp increased its position in Savers Value Village by 94.0% during the 4th quarter. Bank of New York Mellon Corp now owns 124,901 shares of the company’s stock valued at $1,280,000 after purchasing an additional 60,507 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its holdings in Savers Value Village by 8.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 225,267 shares of the company’s stock worth $2,309,000 after purchasing an additional 17,482 shares during the last quarter. Institutional investors and hedge funds 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.