Savers Value Village (NYSE:SVV) Price Target Lowered to $9.00 at JPMorgan Chase & Co.

Savers Value Village (NYSE:SVV) had its price objective lowered by JPMorgan Chase & Co. from $10.00 to $9.00 in a research note released on Friday morning,Benzinga reports. The brokerage currently has a neutral rating on the stock.

Separately, Piper Sandler raised their price target on 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 investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $11.83.

Savers Value Village Stock Performance

NYSE:SVV opened at $9.10 on Friday. Savers Value Village has a fifty-two week low of $7.78 and a fifty-two week high of $21.33. The company has a 50 day moving average price of $10.67 and a 200 day moving average price of $10.06. The stock has a market capitalization of $1.45 billion, a P/E ratio of 50.53 and a beta of 1.09. The company has a debt-to-equity ratio of 1.70, a quick ratio of 0.86 and a current ratio of 1.04.

Savers Value Village (NYSE:SVV) last posted 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 net margin of 1.89% and a return on equity of 8.74%. The company had revenue of $401.99 million during the quarter, compared to analyst estimates of $402.00 million. Equities research analysts forecast that Savers Value Village will post 0.28 EPS for the current year.

Insider Buying and Selling

In other news, General Counsel Richard A. Medway sold 4,800 shares of the company’s stock in a transaction on Tuesday, January 21st. The stock was sold at an average price of $11.48, for a total transaction of $55,104.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 2.38% of the stock is currently owned by company insiders.

Institutional Trading of Savers Value Village

Large investors have recently modified their holdings of the business. Geode Capital Management LLC grew its position in shares of Savers Value Village by 10.2% during 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 acquired a new position in Savers Value Village in the third quarter worth approximately $252,000. Baillie Gifford & Co. raised its holdings 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 valued at $37,817,000 after purchasing an additional 3,138,844 shares in the last quarter. FMR LLC raised its holdings in Savers Value Village by 30.8% during the third quarter. FMR LLC now owns 3,437,895 shares of the company’s stock valued at $36,167,000 after buying an additional 808,867 shares in the last quarter. Finally, AIA Group Ltd lifted its holdings in Savers Value Village by 120.6% in 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 during the last quarter. 98.78% of the stock is currently owned by institutional investors and hedge funds.

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.