Savers Value Village (NYSE:SVV) Price Target Lowered to $14.00 at The Goldman Sachs Group

Savers Value Village (NYSE:SVV) had its target price trimmed by The Goldman Sachs Group from $22.00 to $14.00 in a research note released on Thursday morning, Benzinga reports. The brokerage currently has a buy rating on the stock.

Other equities research analysts have also issued reports about the stock. Loop Capital reduced their target price 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. JPMorgan Chase & Co. lowered shares of Savers Value Village from an overweight rating to a neutral rating and reduced their target price for the stock from $21.00 to $12.00 in a report on Monday. Piper Sandler reduced their target price on shares of Savers Value Village from $18.00 to $13.00 and set an overweight rating for the company in a report on Wednesday. Finally, Robert W. Baird reduced their target price 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. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, Savers Value Village has an average rating of Moderate Buy and an average price target of $16.60.

Savers Value Village Price Performance

NYSE SVV opened at $10.12 on Thursday. Savers Value Village has a 52 week low of $9.24 and a 52 week high of $26.88. The firm has a market capitalization of $1.64 billion and a P/E ratio of 24.67. 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 company has a 50-day moving average price of $12.31 and a 200-day moving average price of $16.11.

Savers Value Village (NYSE:SVV) last released its quarterly earnings results on Thursday, May 9th. The company reported ($0.01) EPS for the quarter, missing the consensus estimate of $0.06 by ($0.07). Savers Value Village had a net margin of 4.17% and a return on equity of 12.18%. The business had revenue of $354.17 million for the quarter, compared to analysts’ expectations of $354.88 million. Equities research analysts anticipate that Savers Value Village will post 0.49 earnings per share for the current year.

Institutional Investors Weigh In On Savers Value Village

A number of institutional investors have recently added to or reduced their stakes in SVV. Citigroup Inc. purchased a new stake in Savers Value Village during the 3rd quarter valued at approximately $92,000. Vanguard Group Inc. grew its holdings in Savers Value Village by 1,264.2% during the 3rd 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 in the last quarter. SG Americas Securities LLC purchased a new stake in Savers Value Village during the 4th quarter valued at approximately $937,000. Raymond James & Associates purchased a new stake in Savers Value Village during the 4th quarter valued at approximately $386,000. Finally, Amica Mutual Insurance Co. purchased a new stake in Savers Value Village during the 4th quarter valued at approximately $883,000. 98.78% of the stock is 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.