Wall Street Zen upgraded shares of Savers Value Village (NYSE:SVV – Free Report) from a hold rating to a buy rating in a research report report published on Saturday,Wall Street Zen reports.
Several other analysts have also recently commented on SVV. Wells Fargo & Company started coverage on Savers Value Village in a research report on Friday, September 18th. They issued an “equal weight” rating and a $11.00 target price on the stock. Weiss Ratings raised Savers Value Village from a “sell (d)” rating to a “sell (d+)” rating in a research note on Wednesday, September 2nd. The Goldman Sachs Group reiterated a “neutral” rating and set a $11.00 price target on shares of Savers Value Village in a research report on Friday, August 7th. Piper Sandler increased 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, August 7th. Finally, JPMorgan Chase & Co. increased their price target on Savers Value Village from $11.00 to $14.00 and gave the stock a “neutral” rating in a research note on Friday, August 7th. Four analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $13.29.
Check Out Our Latest Analysis on Savers Value Village
Savers Value Village Price Performance
NYSE SVV opened at $10.63 on Friday. Savers Value Village has a 52 week low of $6.91 and a 52 week high of $12.69. The company has a current ratio of 0.84, a quick ratio of 0.66 and a debt-to-equity ratio of 1.59. The stock has a market cap of $1.64 billion, a price-to-earnings ratio of 26.57 and a beta of 1.22. The company has a 50-day moving average price of $9.54 and a two-hundred day moving average price of $9.41.
Savers Value Village (NYSE:SVV – Get Free Report) last announced its quarterly earnings results on Thursday, November 5th. The company reported $0.16 EPS for the quarter, beating the consensus estimate of $0.15 by $0.01. The company had revenue of $463.08 million for the quarter, compared to analyst estimates of $459.22 million. Savers Value Village had a net margin of 1.42% and a return on equity of 14.58%. Savers Value Village’s revenue was up 8.5% compared to the same quarter last year. During the same quarter last year, the business earned $0.14 earnings per share. Analysts forecast that Savers Value Village will post 0.39 EPS for the current year.
Insider Activity at Savers Value Village
In other Savers Value Village news, Director William T. Allen sold 26,151 shares of the business’s stock in a transaction dated Wednesday, September 16th. The shares were sold at an average price of $9.22, for a total transaction of $241,112.22. Following the sale, the director directly owned 28,861 shares in the company, valued at approximately $266,098.42. The trade was a 47.54% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 3.46% of the company’s stock.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently made changes to their positions in SVV. BlackRock Inc. bought a new stake in shares of Savers Value Village in the 2nd quarter worth $28,470,000. Dimensional Fund Advisors LP grew its position in Savers Value Village by 30.3% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,864,548 shares of the company’s stock worth $13,869,000 after purchasing an additional 433,296 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its stake in Savers Value Village by 118.3% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 1,745,540 shares of the company’s stock valued at $12,987,000 after purchasing an additional 945,823 shares during the period. Renaissance Technologies LLC raised its stake in Savers Value Village by 33.4% during the 1st quarter. Renaissance Technologies LLC now owns 1,044,264 shares of the company’s stock valued at $7,769,000 after purchasing an additional 261,563 shares during the period. Finally, Primecap Management Co. CA purchased a new stake in shares of Savers Value Village in the second quarter valued at $7,550,000. 98.78% of the stock is currently owned by institutional investors.
Savers Value Village Company Profile
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