Savers Value Village, Inc. (NYSE:SVV) Given Consensus Rating of “Moderate Buy” by Analysts

Savers Value Village, Inc. (NYSE:SVV) has received a consensus recommendation of “Moderate Buy” from the six analysts that are currently covering the company, MarketBeat reports. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $11.67.

A number of equities research analysts recently weighed in on the company. UBS Group dropped their price target on Savers Value Village from $14.00 to $13.00 and set a “buy” rating for the company in a report on Friday, February 21st. JPMorgan Chase & Co. dropped their target price 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, February 21st. Finally, Piper Sandler decreased their price target on shares of Savers Value Village from $11.00 to $10.00 and set a “neutral” rating on the stock in a research note on Monday, February 24th.

Insider Buying and Selling at Savers Value Village

In related news, insider T. Charles Hunsinger bought 6,000 shares of Savers Value Village stock in a transaction that occurred on Friday, March 7th. The stock was purchased at an average cost of $7.25 per share, with a total value of $43,500.00. Following the purchase, the insider now owns 14,100 shares in the company, valued at approximately $102,225. This trade represents a 74.07 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, General Counsel Richard A. Medway sold 4,800 shares of the stock in a transaction dated Tuesday, January 21st. The stock was sold at an average price of $11.48, for a total value of $55,104.00. The disclosure for this sale can be found here. Insiders own 2.38% of the company’s stock.

Institutional Trading of Savers Value Village

Hedge funds and other institutional investors have recently made changes to their positions in the business. BNP Paribas Financial Markets acquired a new stake in shares of Savers Value Village in the 4th quarter valued at approximately $36,000. KLP Kapitalforvaltning AS acquired a new stake in Savers Value Village in the 4th quarter valued at about $57,000. Wexford Capital LP bought a new position in Savers Value Village during the fourth quarter worth about $106,000. Wells Fargo & Company MN increased its position in Savers Value Village by 51.7% during the fourth quarter. Wells Fargo & Company MN now owns 10,931 shares of the company’s stock worth $112,000 after buying an additional 3,725 shares during the last quarter. Finally, AlphaQuest LLC acquired a new position in Savers Value Village during the fourth quarter worth approximately $113,000. 98.78% of the stock is currently owned by institutional investors and hedge funds.

Savers Value Village Stock Performance

NYSE SVV opened at $6.98 on Tuesday. Savers Value Village has a twelve month low of $6.48 and a twelve month high of $19.72. The company has a quick ratio of 0.86, a current ratio of 1.04 and a debt-to-equity ratio of 1.70. The stock has a market cap of $1.11 billion, a P/E ratio of 38.75 and a beta of 1.41. The company’s 50-day simple moving average is $9.43 and its 200 day simple moving average is $9.76.

Savers Value Village (NYSE:SVV) last issued its 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 8.74% and a net margin of 1.89%. The company had revenue of $401.99 million during the quarter, compared to analyst estimates of $402.00 million. As a group, research analysts forecast that Savers Value Village will post 0.28 earnings per share for the current fiscal year.

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.