Savers Value Village, Inc. (NYSE:SVV) Receives $13.67 Average Target Price from Brokerages

Shares of Savers Value Village, Inc. (NYSE:SVV) have been assigned an average rating of “Moderate Buy” from the nine analysts that are currently covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation, four have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $13.6667.

Several equities research analysts have recently weighed in on the company. UBS Group increased their price objective on Savers Value Village from $13.00 to $16.00 and gave the company a “buy” rating in a research report on Friday, October 31st. Piper Sandler increased their price target on shares of Savers Value Village from $11.00 to $12.00 and gave the company a “neutral” rating in a report on Friday, August 1st. BTIG Research assumed 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 on the stock. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Savers Value Village in a research report on Wednesday, November 19th. Finally, Wall Street Zen cut shares of Savers Value Village from a “buy” rating to a “hold” rating in a research note on Saturday, November 8th.

Savers Value Village Stock Performance

NYSE:SVV opened at $8.79 on Friday. The firm has a market capitalization of $1.37 billion, a PE ratio of -878.52 and a beta of 1.02. Savers Value Village has a 1 year low of $6.48 and a 1 year high of $13.89. The company has a current ratio of 0.81, a quick ratio of 0.61 and a debt-to-equity ratio of 1.76. The firm’s fifty day simple moving average is $11.31 and its 200 day simple moving average is $11.01.

Savers Value Village (NYSE:SVV) last issued its quarterly earnings results on Wednesday, January 15th. The company reported $0.18 earnings per share (EPS) for the quarter. The company had revenue of $394.80 million for the quarter. Savers Value Village had a positive return on equity of 9.18% and a negative net margin of 0.11%. On average, sell-side analysts anticipate that Savers Value Village will post 0.28 EPS for the current year.

Insiders Place Their Bets

In related news, insider Melinda L. Geisser sold 20,000 shares of the firm’s stock in a transaction on Friday, September 26th. The stock was sold at an average price of $13.69, for a total value of $273,800.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Mark T. Walsh sold 34,184 shares of Savers Value Village stock in a transaction on Wednesday, September 24th. The stock was sold at an average price of $13.08, for a total transaction of $447,126.72. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 180,000 shares of company stock worth $2,327,099. 3.09% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Savers Value Village

Hedge funds and other institutional investors have recently made changes to their positions in the business. Universal Beteiligungs und Servicegesellschaft mbH lifted its stake in Savers Value Village by 91.5% during the first quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 370,976 shares of the company’s stock worth $2,560,000 after purchasing an additional 177,261 shares during the period. Nuveen LLC bought a new stake in shares of Savers Value Village in the 1st quarter valued at approximately $742,000. Maverick Capital Ltd. raised its holdings in shares of Savers Value Village by 79.5% in the 1st quarter. Maverick Capital Ltd. now owns 49,092 shares of the company’s stock worth $339,000 after buying an additional 21,743 shares in the last quarter. AlphaQuest LLC lifted its position in shares of Savers Value Village by 237.2% during the 1st quarter. AlphaQuest LLC now owns 37,206 shares of the company’s stock worth $257,000 after buying an additional 26,172 shares during the period. Finally, Landscape Capital Management L.L.C. bought a new position in shares of Savers Value Village during the 1st quarter worth approximately $1,495,000. 98.78% of the stock is owned by institutional investors.

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.