Savers Value Village (NYSE:SVV) Sets New 1-Year Low at $9.75

Savers Value Village, Inc. (NYSE:SVV)’s stock price reached a new 52-week low on Tuesday . The stock traded as low as $9.75 and last traded at $9.82, with a volume of 57054 shares trading hands. The stock had previously closed at $9.96.

Analyst Ratings Changes

Several equities research analysts recently issued reports on SVV shares. JPMorgan Chase & Co. downgraded Savers Value Village from an “overweight” rating to a “neutral” rating and reduced their price objective for the stock from $21.00 to $12.00 in a research note on Monday. Loop Capital dropped their target price on Savers Value Village from $25.00 to $23.00 and set a “buy” rating on the stock in a research report on Monday, May 13th. Robert W. Baird dropped their target price on Savers Value Village from $23.00 to $21.00 and set an “outperform” rating on the stock in a research report on Friday, May 10th. Finally, Piper Sandler lowered their price objective on Savers Value Village from $24.00 to $19.00 and set an “overweight” rating on the stock in a report on Friday, May 10th. One equities research analyst has rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $23.67.

Savers Value Village Price Performance

The stock has a 50-day simple moving average of $12.48 and a 200 day simple moving average of $16.20. The company has a debt-to-equity ratio of 1.86, a quick ratio of 0.83 and a current ratio of 0.99. The company has a market cap of $1.59 billion and a P/E ratio of 24.34.

Savers Value Village (NYSE:SVV) last announced its quarterly earnings data on Thursday, May 9th. The company reported ($0.01) EPS for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.07). The firm had revenue of $354.17 million during the quarter, compared to the consensus estimate of $354.88 million. Savers Value Village had a return on equity of 12.18% and a net margin of 4.17%. On average, equities analysts expect that Savers Value Village, Inc. will post 0.53 EPS for the current year.

Institutional Investors Weigh In On Savers Value Village

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Boston Partners acquired a new stake in Savers Value Village during the 1st quarter valued at $625,000. Mount Yale Investment Advisors LLC acquired a new stake in shares of Savers Value Village in the 1st quarter valued at $193,000. Homestead Advisers Corp acquired a new stake in shares of Savers Value Village in the 1st quarter valued at $721,000. Russell Investments Group Ltd. acquired a new stake in shares of Savers Value Village in the 1st quarter valued at $1,391,000. Finally, Oppenheimer Asset Management Inc. acquired a new stake in shares of Savers Value Village in the 1st quarter valued at $267,000. 98.78% of the stock is owned by institutional investors and hedge funds.

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.