Savers Value Village (NYSE:SVV) Price Target Cut to $13.00 by Analysts at Piper Sandler

Savers Value Village (NYSE:SVV) had its target price decreased by Piper Sandler from $18.00 to $13.00 in a report published on Wednesday morning, Benzinga reports. Piper Sandler currently has an overweight rating on the stock.

A number of other research firms have also recently issued reports on SVV. Loop Capital cut their target price on shares of Savers Value Village from $25.00 to $23.00 and set a buy rating for the company in a research note on Monday, May 13th. JPMorgan Chase & Co. cut shares of Savers Value Village from an overweight rating to a neutral rating and cut their target price for the company from $21.00 to $12.00 in a research note on Monday, July 22nd. Finally, Robert W. Baird cut their target price on shares of Savers Value Village from $23.00 to $21.00 and set an outperform rating for the company in a research note on Friday, May 10th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Savers Value Village currently has a consensus rating of Moderate Buy and an average target price of $16.60.

Savers Value Village Stock Down 4.2 %

Shares of SVV opened at $9.69 on Wednesday. The stock has a market cap of $1.57 billion and a price-to-earnings ratio of 23.63. The company has a quick ratio of 0.83, a current ratio of 0.99 and a debt-to-equity ratio of 1.86. Savers Value Village has a 12 month low of $9.24 and a 12 month high of $26.88. The company has a 50-day moving average price of $12.25 and a two-hundred day moving average price of $16.07.

Savers Value Village (NYSE:SVV) last announced its quarterly 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 business had revenue of $354.17 million for the quarter, compared to the consensus estimate of $354.88 million. Savers Value Village had a return on equity of 12.18% and a net margin of 4.17%. Equities analysts predict that Savers Value Village will post 0.49 EPS for the current fiscal year.

Institutional Trading of Savers Value Village

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. increased its holdings in shares of Savers Value Village by 1,264.2% in the third quarter. Vanguard Group Inc. now owns 2,250,983 shares of the company’s stock valued at $42,026,000 after purchasing an additional 2,085,983 shares in the last quarter. Norges Bank acquired a new stake in shares of Savers Value Village in the fourth quarter valued at approximately $25,076,000. Goldman Sachs Group Inc. increased its holdings in shares of Savers Value Village by 103.8% in the fourth quarter. Goldman Sachs Group Inc. now owns 972,863 shares of the company’s stock valued at $16,908,000 after purchasing an additional 495,482 shares in the last quarter. Baillie Gifford & Co. acquired a new stake in shares of Savers Value Village in the second quarter valued at approximately $5,000,000. Finally, Alberta Investment Management Corp increased its holdings in shares of Savers Value Village by 345.3% in the fourth quarter. Alberta Investment Management Corp now owns 206,564 shares of the company’s stock valued at $3,590,000 after purchasing an additional 160,176 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 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.