Savers Value Village, Inc. (NYSE:SVV) Given Average Rating of “Buy” by Brokerages

Shares of Savers Value Village, Inc. (NYSE:SVV) have received an average rating of “Buy” from the nine research firms that are covering the stock, Marketbeat.com reports. Nine analysts have rated the stock with a buy rating. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $27.63.

Separately, Robert W. Baird lowered their price target on Savers Value Village from $23.00 to $21.00 and set an “outperform” rating for the company in a research report on Friday.

Savers Value Village Stock Up 5.6 %

NYSE SVV opened at $17.15 on Friday. The company has a current ratio of 1.07, a quick ratio of 0.93 and a debt-to-equity ratio of 2.09. Savers Value Village has a one year low of $10.16 and a one year high of $26.88. The stock has a 50 day moving average price of $18.07 and a 200-day moving average price of $17.13.

Savers Value Village (NYSE:SVV) last posted its earnings results 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 for the quarter, compared to the consensus estimate of $354.88 million. Savers Value Village had a net margin of 3.54% and a return on equity of 14.98%. On average, equities analysts forecast that Savers Value Village will post 0.55 EPS for the current year.

Insider Buying and Selling

In other news, CEO Mark T. Walsh sold 4,512 shares of the firm’s stock in a transaction that occurred on Monday, March 18th. The shares were sold at an average price of $18.05, for a total transaction of $81,441.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other news, insider Jubran N. Tanious sold 10,000 shares of Savers Value Village stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $20.00, for a total value of $200,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Mark T. Walsh sold 4,512 shares of Savers Value Village stock in a transaction dated Monday, March 18th. The shares were sold at an average price of $18.05, for a total value of $81,441.60. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 65,855 shares of company stock worth $1,238,650.

Hedge Funds Weigh In On Savers Value Village

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Parallel Advisors LLC purchased a new position in shares of Savers Value Village in the 4th quarter valued at about $36,000. Amalgamated Bank purchased a new position in shares of Savers Value Village in the 3rd quarter valued at about $60,000. Tower Research Capital LLC TRC lifted its stake in Savers Value Village by 49.9% during the fourth quarter. Tower Research Capital LLC TRC now owns 4,508 shares of the company’s stock worth $78,000 after purchasing an additional 1,500 shares during the last quarter. Citigroup Inc. purchased a new stake in Savers Value Village during the third quarter worth approximately $92,000. Finally, Quantbot Technologies LP purchased a new stake in Savers Value Village during the third quarter worth approximately $188,000. Hedge funds and other institutional investors own 98.78% of the company’s stock.

About Savers Value Village

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.