Savers Value Village, Inc. (NYSE:SVV) Given Consensus Recommendation of “Moderate Buy” by Brokerages

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

Several brokerages have recently weighed in on SVV. BTIG Research started coverage on Savers Value Village in a research note on Tuesday, October 14th. They set a “buy” rating and a $18.00 target price for the company. Wall Street Zen downgraded Savers Value Village from a “buy” rating to a “hold” rating in a report on Saturday, November 8th. UBS Group raised their price target on shares of Savers Value Village from $13.00 to $16.00 and gave the company a “buy” rating in a research note on Friday, October 31st. Finally, Weiss Ratings reiterated a “sell (d)” rating on shares of Savers Value Village in a research report on Monday.

Savers Value Village Trading Up 0.7%

NYSE:SVV opened at $9.37 on Thursday. The stock has a fifty day simple moving average of $10.10 and a 200-day simple moving average of $10.91. The company has a market capitalization of $1.46 billion, a PE ratio of -936.26 and a beta of 1.01. Savers Value Village has a 52-week low of $6.48 and a 52-week high of $13.89. The company has a quick ratio of 0.61, a current ratio of 0.81 and a debt-to-equity ratio of 1.76.

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

Insider Buying and Selling at Savers Value Village

In other news, insider Melinda L. Geisser sold 20,000 shares of the firm’s stock in a transaction 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 filing with the SEC, which is accessible through this link. Also, General Counsel Richard A. Medway sold 20,000 shares of the company’s 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 ninety days, insiders sold 83,236 shares of company stock valued at $1,112,765. 3.09% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Savers Value Village

Institutional investors have recently bought and sold shares of the business. Capital Research Global Investors bought a new stake in shares of Savers Value Village during the third quarter worth $25,527,000. Divisadero Street Capital Management LP acquired a new stake in shares of Savers Value Village in the 2nd quarter valued at about $16,038,000. T. Rowe Price Investment Management Inc. lifted its stake in Savers Value Village by 19.6% in the 1st quarter. T. Rowe Price Investment Management Inc. now owns 7,137,153 shares of the company’s stock valued at $49,247,000 after acquiring an additional 1,167,253 shares in the last quarter. Ameriprise Financial Inc. boosted its holdings in Savers Value Village by 89.2% during the second quarter. Ameriprise Financial Inc. now owns 2,150,724 shares of the company’s stock worth $21,937,000 after purchasing an additional 1,013,875 shares during the last quarter. Finally, Marshall Wace LLP increased its position in shares of Savers Value Village by 97.8% during the 2nd quarter. Marshall Wace LLP now owns 1,832,697 shares of the company’s stock worth $18,694,000 after purchasing an additional 905,986 shares during the last quarter. Institutional investors and hedge funds own 98.78% of the company’s stock.

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.