Piper Sandler Lowers Savers Value Village (NYSE:SVV) Price Target to $19.00

Savers Value Village (NYSE:SVV) had its target price decreased by Piper Sandler from $24.00 to $19.00 in a research note issued to investors on Friday, Benzinga reports. Piper Sandler currently has an overweight rating on the stock.

Separately, Robert W. Baird lowered their target price on Savers Value Village from $23.00 to $21.00 and set an outperform rating on the stock in a report on Friday. Nine investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock presently has a consensus rating of Buy and an average price target of $25.13.

Savers Value Village Trading Down 1.8 %

Savers Value Village stock opened at $13.42 on Friday. 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. The stock has a market capitalization of $2.17 billion and a PE ratio of 32.73. The firm has a 50 day simple moving average of $17.79 and a 200-day simple moving average of $17.16.

Savers Value Village (NYSE:SVV) last issued its quarterly earnings results on Thursday, May 9th. The company reported ($0.01) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 firm had revenue of $354.17 million for the quarter, compared to the consensus estimate of $354.88 million. As a group, equities research analysts expect that Savers Value Village will post 0.55 EPS for the current fiscal year.

Insider Activity at Savers Value Village

In other Savers Value Village news, CEO Mark T. Walsh sold 17,000 shares of the business’s 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 transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In other news, General Counsel Richard A. Medway sold 5,700 shares of the firm’s stock in a transaction on Wednesday, March 27th. The stock was sold at an average price of $18.98, for a total value of $108,186.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Mark T. Walsh sold 17,000 shares of the company’s stock in a transaction on Monday, April 8th. The shares were sold at an average price of $18.61, for a total value of $316,370.00. The disclosure for this sale can be found here. Insiders sold 55,855 shares of company stock worth $1,038,650 in the last quarter. 2.38% of the stock is owned by company insiders.

Hedge Funds Weigh In On Savers Value Village

Several institutional investors and hedge funds have recently bought and sold shares of SVV. Vanguard Group Inc. grew its position in Savers Value Village by 1,264.2% during the third 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 in the last quarter. Norges Bank acquired a new position in shares of Savers Value Village in the fourth quarter worth $25,076,000. American Century Companies Inc. grew its stake in Savers Value Village by 602.1% in the third quarter. American Century Companies Inc. now owns 1,238,684 shares of the company’s stock valued at $23,126,000 after purchasing an additional 1,062,253 shares in the last quarter. Goldman Sachs Group Inc. increased 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 worth $16,908,000 after purchasing an additional 495,482 shares during the last quarter. Finally, Loomis Sayles & Co. L P raised its stake in shares of Savers Value Village by 17.8% during the 3rd quarter. Loomis Sayles & Co. L P now owns 695,890 shares of the company’s stock worth $12,992,000 after purchasing an additional 105,231 shares in the last quarter. Hedge funds and other institutional investors 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.