Savers Value Village (NYSE:SVV) Price Target Raised to $11.00

Savers Value Village (NYSE:SVV) had its price target raised by Piper Sandler from $10.00 to $11.00 in a research note issued to investors on Friday,Benzinga reports. The firm currently has a neutral rating on the stock.

A number of other brokerages have also recently issued reports on SVV. The Goldman Sachs Group set a $9.00 price objective on shares of Savers Value Village in a report on Tuesday, April 22nd. UBS Group dropped their target price on shares of 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 started coverage on shares of Savers Value Village in a report on Friday, April 4th. They set an “outperform” rating for the company. Finally, JPMorgan Chase & Co. dropped their price objective on Savers Value Village from $10.00 to $9.00 and set a “neutral” rating on the stock in a research note on Friday, February 21st. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $11.83.

Savers Value Village Stock Performance

Shares of SVV opened at $11.24 on Friday. The company has a market capitalization of $1.77 billion, a PE ratio of 62.45 and a beta of 0.95. The company has a debt-to-equity ratio of 1.70, a quick ratio of 0.86 and a current ratio of 1.04. The company’s 50 day moving average price is $7.94 and its 200 day moving average price is $9.41. Savers Value Village has a 52 week low of $6.48 and a 52 week high of $17.30.

Savers Value Village (NYSE:SVV) last posted its quarterly earnings results on Thursday, February 20th. The company reported $0.05 earnings per share for the quarter, missing analysts’ consensus estimates 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 return on equity of 8.74% and a net margin of 1.89%. Research analysts expect that Savers Value Village will post 0.28 EPS for the current fiscal year.

Insider Buying and Selling

In other Savers Value Village news, insider T. Charles Hunsinger purchased 6,000 shares of the stock in a transaction on Friday, March 7th. The shares were purchased at an average price 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. This represents a 74.07 % increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 2.38% of the stock is owned by company insiders.

Institutional Trading of Savers Value Village

A number of institutional investors and hedge funds have recently added to or reduced their stakes in SVV. BNP Paribas Financial Markets acquired a new stake in Savers Value Village during the fourth quarter valued at approximately $36,000. KLP Kapitalforvaltning AS bought a new stake in Savers Value Village in the fourth quarter valued at $57,000. GAMMA Investing LLC raised its stake in Savers Value Village by 386.7% during the first quarter. GAMMA Investing LLC now owns 5,879 shares of the company’s stock worth $41,000 after acquiring an additional 4,671 shares in the last quarter. Versant Capital Management Inc acquired a new stake in shares of Savers Value Village during the 1st quarter worth about $51,000. Finally, Wexford Capital LP acquired a new position in Savers Value Village in the fourth quarter valued at about $106,000. Institutional investors 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.