Analysts Set Savers Value Village, Inc. (NYSE:SVV) Target Price at $13.17

Savers Value Village, Inc. (NYSE:SVV) has been given a consensus recommendation of “Moderate Buy” by the nine brokerages that are presently covering the stock, MarketBeat.com reports. Four equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $13.6667.

A number of equities analysts have recently issued reports on SVV shares. Weiss Ratings upgraded Savers Value Village from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Friday, October 24th. Wall Street Zen upgraded Savers Value Village from a “hold” rating to a “buy” rating in a research report on Saturday, August 2nd. JPMorgan Chase & Co. lifted their target price on Savers Value Village from $9.00 to $11.00 and gave the stock a “neutral” rating in a report on Monday, July 28th. UBS Group lifted their target price on Savers Value Village from $13.00 to $16.00 and gave the stock a “buy” rating in a report on Friday. Finally, BTIG Research started coverage on Savers Value Village in a report on Tuesday, October 14th. They issued a “buy” rating and a $18.00 target price for the company.

Savers Value Village Price Performance

Shares of SVV opened at $9.21 on Wednesday. Savers Value Village has a 1 year low of $6.48 and a 1 year high of $13.89. The company has a debt-to-equity ratio of 1.65, a current ratio of 0.69 and a quick ratio of 0.51. The company has a market capitalization of $1.43 billion, a price-to-earnings ratio of -920.18 and a beta of 1.07. The business has a 50-day moving average of $12.70 and a 200-day moving average of $11.19.

Savers Value Village (NYSE:SVV) last issued its quarterly earnings data on Wednesday, January 15th. The company reported $0.18 earnings per share (EPS) for the quarter. Savers Value Village had a positive return on equity of 9.15% and a negative net margin of 0.11%.The company had revenue of $394.80 million during the quarter. As a group, equities research analysts anticipate that Savers Value Village will post 0.28 earnings per share for the current year.

Insiders Place Their Bets

In other Savers Value Village news, CEO Mark T. Walsh sold 34,184 shares of Savers Value Village stock in a transaction that occurred on Wednesday, September 24th. The stock was sold at an average price of $13.08, for a total value of $447,126.72. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Melinda L. Geisser sold 20,000 shares of Savers Value Village stock in a transaction that occurred on Friday, September 26th. The stock was sold at an average price of $13.69, for a total value of $273,800.00. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 215,226 shares of company stock worth $2,727,401. 3.09% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Savers Value Village

A number of hedge funds have recently added to or reduced their stakes in the business. Primecap Management Co. CA increased its holdings in Savers Value Village by 0.4% in the first quarter. Primecap Management Co. CA now owns 473,525 shares of the company’s stock worth $3,267,000 after purchasing an additional 1,775 shares in the last quarter. Invesco Ltd. increased its holdings in shares of Savers Value Village by 5.9% during the second quarter. Invesco Ltd. now owns 39,781 shares of the company’s stock valued at $406,000 after acquiring an additional 2,224 shares in the last quarter. Sandia Investment Management LP bought a new stake in shares of Savers Value Village during the second quarter valued at approximately $51,000. KLP Kapitalforvaltning AS increased its holdings in shares of Savers Value Village by 91.1% during the third quarter. KLP Kapitalforvaltning AS now owns 10,700 shares of the company’s stock valued at $142,000 after acquiring an additional 5,100 shares in the last quarter. Finally, Lazard Asset Management LLC bought a new stake in shares of Savers Value Village during the second quarter valued at approximately $57,000. 98.78% of the stock is currently owned by institutional investors.

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.