Savers Value Village (NYSE:SVV – Get Free Report)‘s stock had its “buy” rating reaffirmed by BTIG Research in a note issued to investors on Wednesday, Benzinga reports. They presently have a $15.00 price target on the stock. BTIG Research‘s target price suggests a potential upside of 50.38% from the company’s previous close.
A number of other analysts have also recently commented on the stock. Weiss Ratings upgraded shares of Savers Value Village from a “sell (d+)” rating to a “hold (c)” rating in a research note on Monday. JPMorgan Chase & Co. boosted their price objective on shares of Savers Value Village from $11.00 to $14.00 and gave the stock a “neutral” rating in a research note on Friday, August 7th. Piper Sandler upped their target price on shares of Savers Value Village from $10.00 to $11.00 and gave the company a “neutral” rating in a report on Friday, August 7th. Wall Street Zen raised shares of Savers Value Village from a “hold” rating to a “buy” rating in a report on Saturday. Finally, Wells Fargo & Company began coverage on shares of Savers Value Village in a research note on Friday, September 18th. They issued an “equal weight” rating and a $11.00 target price for the company. Four research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $13.29.
View Our Latest Stock Analysis on Savers Value Village
Savers Value Village Stock Down 0.9%
Shares of Savers Value Village stock traded down $0.10 on Wednesday, reaching $9.97. 511,803 shares of the company were exchanged, compared to its average volume of 1,262,210. Savers Value Village has a one year low of $6.91 and a one year high of $12.69. The company has a market capitalization of $1.54 billion, a price-to-earnings ratio of 24.96 and a beta of 1.22. The company has a current ratio of 0.67, a quick ratio of 0.66 and a debt-to-equity ratio of 1.39. The company has a 50-day moving average of $9.54 and a 200 day moving average of $9.41.
Savers Value Village (NYSE:SVV – Get Free Report) last released its earnings results on Thursday, November 5th. The company reported $0.16 earnings per share for the quarter, beating the consensus estimate of $0.15 by $0.01. Savers Value Village had a net margin of 3.50% and a return on equity of 15.51%. The business had revenue of $463.08 million during the quarter, compared to analysts’ expectations of $459.22 million. During the same period last year, the business earned $0.14 earnings per share. The firm’s revenue was up 8.5% on a year-over-year basis. On average, equities research analysts forecast that Savers Value Village will post 0.39 earnings per share for the current year.
Insider Activity
In other news, Director William T. Allen sold 26,151 shares of the stock in a transaction that occurred on Wednesday, September 16th. The stock was sold at an average price of $9.22, for a total transaction of $241,112.22. Following the transaction, the director owned 28,861 shares in the company, valued at approximately $266,098.42. This trade represents a 47.54% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 3.46% of the stock is currently owned by corporate insiders.
Institutional Trading of Savers Value Village
Hedge funds and other institutional investors have recently bought and sold shares of the business. Ieq Capital LLC raised its position in shares of Savers Value Village by 17.3% in the third quarter. Ieq Capital LLC now owns 115,066 shares of the company’s stock valued at $1,060,000 after buying an additional 16,991 shares in the last quarter. Fifth Third Bancorp bought a new position in Savers Value Village during the 3rd quarter worth $640,000. Counterpoint Mutual Funds LLC bought a new position in Savers Value Village during the 3rd quarter worth $241,000. State of Alaska Department of Revenue bought a new position in Savers Value Village during the 3rd quarter worth $76,000. Finally, WoodTrust Financial Corp raised its holdings in Savers Value Village by 21.0% in the 3rd quarter. WoodTrust Financial Corp now owns 37,500 shares of the company’s stock valued at $345,000 after acquiring an additional 6,500 shares in the last quarter. Institutional investors and hedge funds own 98.78% of the company’s stock.
Savers Value Village Company Profile
Savers Value Village Inc. operates a for-profit thrift store business, selling secondhand clothing, accessories, household goods, books and other merchandise. Its stores operate under several banners, including Savers, Value Village, Village des Valeurs, Unique and 2nd Ave. The company sources much of its merchandise through relationships with nonprofit organizations. It purchases donated goods from these partners, then sorts, processes and sells items through its retail stores, helping extend the useful life of donated products while providing revenue to nonprofit partners.
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