Savers Value Village (NYSE:SVV) Updates FY 2024 Earnings Guidance

Savers Value Village (NYSE:SVV) updated its FY 2024 earnings guidance on Thursday. The company provided earnings per share guidance of 0.490-0.510 for the period, compared to the consensus earnings per share estimate of 0.520. The company issued revenue guidance of $1.5 billion-$1.5 billion, compared to the consensus revenue estimate of $1.5 billion.

Savers Value Village Stock Performance

Shares of SVV stock traded down $0.87 during mid-day trading on Friday, hitting $10.14. The stock had a trading volume of 4,345,367 shares, compared to its average volume of 552,482. The company has a debt-to-equity ratio of 1.75, a current ratio of 1.03 and a quick ratio of 0.87. The firm has a market cap of $1.63 billion, a PE ratio of 22.04 and a beta of 1.59. The company’s 50-day simple moving average is $10.03 and its 200-day simple moving average is $11.40. Savers Value Village has a fifty-two week low of $7.78 and a fifty-two week high of $21.33.

Savers Value Village (NYSE:SVV) last issued its quarterly earnings results on Thursday, August 8th. The company reported $0.14 earnings per share for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.06). Savers Value Village had a net margin of 4.93% and a return on equity of 9.31%. The business had revenue of $396.70 million during the quarter, compared to analyst estimates of $391.13 million. During the same period in the previous year, the company posted $0.22 earnings per share. Savers Value Village’s revenue was up 4.6% compared to the same quarter last year. Sell-side analysts anticipate that Savers Value Village will post 0.28 earnings per share for the current year.

Analysts Set New Price Targets

SVV has been the topic of a number of analyst reports. JPMorgan Chase & Co. cut Savers Value Village from an “overweight” rating to a “neutral” rating and dropped their price objective for the stock from $21.00 to $12.00 in a research note on Monday, July 22nd. The Goldman Sachs Group cut Savers Value Village from a “buy” rating to a “neutral” rating and cut their target price for the company from $14.00 to $10.00 in a research report on Friday, August 9th. Piper Sandler restated a “neutral” rating and issued a $10.00 target price (down from $11.00) on shares of Savers Value Village in a research note on Friday. Loop Capital lowered their price target on Savers Value Village from $23.00 to $15.00 and set a “buy” rating for the company in a research report on Monday, August 12th. Finally, Robert W. Baird cut their target price on Savers Value Village from $21.00 to $13.00 and set an “outperform” rating on the stock in a research note on Friday, August 9th. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $12.00.

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.