UBS Group Cuts Savers Value Village (NYSE:SVV) Price Target to $13.00

Savers Value Village (NYSE:SVV) had its price objective cut by equities researchers at UBS Group from $14.00 to $13.00 in a note issued to investors on Friday,Benzinga reports. The firm currently has a “buy” rating on the stock. UBS Group’s price target suggests a potential upside of 43.25% from the stock’s current price.

Other research analysts also recently issued research reports about the stock. JPMorgan Chase & Co. decreased their price target on shares of Savers Value Village from $10.00 to $9.00 and set a “neutral” rating for the company in a research note on Friday. Piper Sandler lifted their price target on shares of Savers Value Village from $10.00 to $11.00 and gave the stock a “neutral” rating in a research note on Friday, January 17th. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, Savers Value Village currently has a consensus rating of “Moderate Buy” and an average price target of $11.83.

Savers Value Village Stock Down 19.4 %

Shares of NYSE SVV traded down $2.19 during midday trading on Friday, hitting $9.08. The company’s stock had a trading volume of 1,823,253 shares, compared to its average volume of 572,351. Savers Value Village has a 1 year low of $7.78 and a 1 year high of $21.33. The business’s fifty day simple moving average is $10.68 and its two-hundred day simple moving average is $10.07. The company has a debt-to-equity ratio of 1.70, a current ratio of 1.04 and a quick ratio of 0.86. The firm has a market capitalization of $1.45 billion, a price-to-earnings ratio of 19.73 and a beta of 1.09.

Savers Value Village (NYSE:SVV) last issued its quarterly earnings results on Thursday, February 20th. The company reported $0.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.04). Savers Value Village had a return on equity of 9.11% and a net margin of 4.93%. The firm had revenue of $401.99 million during the quarter, compared to analysts’ expectations of $402.00 million. On average, equities analysts predict that Savers Value Village will post 0.28 EPS for the current year.

Insider Activity

In other news, General Counsel Richard A. Medway sold 4,800 shares of Savers Value Village stock in a transaction on Tuesday, January 21st. The shares were sold at an average price of $11.48, for a total value of $55,104.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 2.38% of the company’s stock.

Hedge Funds Weigh In On Savers Value Village

Hedge funds and other institutional investors have recently bought and sold shares of the company. Geode Capital Management LLC grew its position in Savers Value Village by 10.2% in the 3rd quarter. Geode Capital Management LLC now owns 542,999 shares of the company’s stock valued at $5,714,000 after buying an additional 50,051 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new stake in shares of Savers Value Village during the 3rd quarter worth $252,000. Baillie Gifford & Co. boosted its position in shares of Savers Value Village by 570.0% during the 4th quarter. Baillie Gifford & Co. now owns 3,689,478 shares of the company’s stock worth $37,817,000 after purchasing an additional 3,138,844 shares in the last quarter. FMR LLC boosted its position in shares of Savers Value Village by 30.8% during the 3rd quarter. FMR LLC now owns 3,437,895 shares of the company’s stock worth $36,167,000 after purchasing an additional 808,867 shares in the last quarter. Finally, AIA Group Ltd boosted its position in shares of Savers Value Village by 120.6% during the 3rd quarter. AIA Group Ltd now owns 106,641 shares of the company’s stock worth $1,122,000 after purchasing an additional 58,297 shares in the last quarter. 98.78% of the stock is currently owned by hedge funds and other institutional investors.

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.