Savers Value Village (NYSE:SVV) PT Lowered to $13.00

Savers Value Village (NYSE:SVV) had its price target lowered by Piper Sandler from $18.00 to $13.00 in a research note issued to investors on Wednesday, Benzinga reports. The brokerage currently has an overweight rating on the stock.

A number of other research analysts have also recently issued reports on SVV. JPMorgan Chase & Co. cut shares of Savers Value Village from an overweight rating to a neutral rating and decreased their price target for the stock from $21.00 to $12.00 in a report on Monday, July 22nd. Robert W. Baird decreased their price target on shares of Savers Value Village from $23.00 to $21.00 and set an outperform rating for the company in a report on Friday, May 10th. Finally, Loop Capital decreased their price target on shares of Savers Value Village from $25.00 to $23.00 and set a buy rating for the company in a report on Monday, May 13th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of Moderate Buy and a consensus price target of $16.60.

Savers Value Village Trading Down 4.2 %

NYSE:SVV opened at $9.69 on Wednesday. Savers Value Village has a 52 week low of $9.24 and a 52 week high of $26.88. The firm has a 50 day moving average of $12.18 and a 200 day moving average of $16.01. The company has a quick ratio of 0.83, a current ratio of 0.99 and a debt-to-equity ratio of 1.86. The stock has a market capitalization of $1.57 billion and a price-to-earnings ratio of 23.63.

Savers Value Village (NYSE:SVV) last posted 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). The company had revenue of $354.17 million during the quarter, compared to analysts’ expectations of $354.88 million. Savers Value Village had a return on equity of 12.18% and a net margin of 4.17%. As a group, sell-side analysts anticipate that Savers Value Village will post 0.49 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. 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 buying an additional 2,085,983 shares during the period. Norges Bank acquired a new stake in Savers Value Village during the fourth quarter valued at $25,076,000. Goldman Sachs Group Inc. grew its position in Savers Value Village by 103.8% during the fourth quarter. Goldman Sachs Group Inc. now owns 972,863 shares of the company’s stock valued at $16,908,000 after buying an additional 495,482 shares during the period. Baillie Gifford & Co. acquired a new stake in Savers Value Village during the second quarter valued at $5,000,000. Finally, Alberta Investment Management Corp grew its position in shares of Savers Value Village by 345.3% in the fourth quarter. Alberta Investment Management Corp now owns 206,564 shares of the company’s stock valued at $3,590,000 after purchasing an additional 160,176 shares during the period. Hedge funds and other 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.