Savers Value Village, Inc. (NYSE:SVV – Free Report) has received a consensus recommendation of “Buy” from the nine brokerages that cover the company, Marketbeat.com reports. Nine investment analysts have given the stock a Buy rating. The average 12-month price target among brokers that have issued a report on the stock in the last year is $25.13.
SVV has been the subject of numerous research analyst reports. Robert W. Baird lowered their price target on Savers Value Village from $23.00 to $21.00 and gave the stock an “outperform” rating in a research report on Friday, May 10th. Piper Sandler lowered their price target on Savers Value Village from $24.00 to $19.00 and gave the stock an “overweight” rating in a research report on Friday, May 10th. Finally, Loop Capital lowered their price target on Savers Value Village from $25.00 to $23.00 and gave the stock a “buy” rating in a research report on Monday, May 13th.
Read our latest analysis on SVV
Insider transactions at Savers Value Village
In other news, CEO Mark T. Walsh sold 17,000 shares of the company’s stock in a transaction that occurred on Monday, April 8th. The shares were sold at an average price of $18.61, for a total transaction of $316,370.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In related news, CEO Mark T. Walsh sold 17,000 shares of the company’s stock in a transaction that occurred on Monday, April 8th. The shares were sold at an average price of $18.61, for a total transaction of $316,370.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, General Counsel Richard A. Medway sold 2,850 shares of the company’s stock in a transaction that occurred on Wednesday, April 3rd. The shares were sold at an average price of $19.13, for a total transaction of $54,520.50. Disclosure for this sale can be found here. In the last 90 days, insiders have sold 21,850 shares of the company valued at $409,151. 2.38% of the shares are currently owned by company insiders.
Hedge funds comment on Value Village
A number of institutional investors and hedge funds have recently changed their holdings in SVV. Parallel Advisors LLC acquired a new position in shares of Savers Value Village in the fourth quarter valued at $36,000. Tower Research Capital LLC TRC increased its holdings in Savers Value Village by 49.9% in the fourth quarter. Tower Research Capital LLC TRC now owns 4,508 shares of the company’s stock valued at $78,000 after purchasing an additional 1,500 shares in the last quarter. Citigroup Inc. acquired a new position in Savers Value Village in the third quarter valued at $92,000. Zevenbergen Capital Investments LLC acquired a new position in Savers Value Village in the fourth quarter valued at $193,000. Finally, Mount Yale Investment Advisors LLC acquired a new position in Savers Value Village in the first quarter valued at $193,000. Institutional investors and hedge funds own 98.78% of the company’s stock.
Savers Value Village shares rise 5.7%
SVV stock opened at $12.24 on Friday. The company has a market cap of $1.98 billion and a P/E ratio of 29.85. 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’s 50-day moving average price is $13.94 and its 200-day moving average price is $16.75. Savers Value Village has a one year low of $10.16 and a one year high of $26.88.
Savers Value Village (NYSE:SVV – Get Free Report) last announced its earnings results on Thursday, May 9. The company reported -$0.01 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.06 by -$0.07. The company had revenue of $354.17 million for the quarter, compared to analyst expectations of $354.88 million. Savers Value Village had a net margin of 4.17% and a return on equity of 12.18%. On average, equities analysts expect that Savers Value Village will post earnings per share of $0.56 for the current year.
About Savers Value Village
(Get free report
Savers Value Village, Inc. sells secondhand goods 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 used textiles, including clothing, bedding and bath items, shoes, accessories, housewares, books and other goods from nonprofit partners and processes, selects, prices, markets and sells them in its stores.
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