Savers Value Village (NYSE:SVV) Shares Up 6%

Savers Value Village, Inc. (NYSE:SVV)’s stock price rose 6% on Wednesday . The company traded as high as $9.61 and last traded at $9.55. Approximately 144,249 shares changed hands during mid-day trading, a decline of 81% from the average daily volume of 770,675 shares. The stock had previously closed at $9.01.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on SVV. The Goldman Sachs Group lowered Savers Value Village from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $14.00 to $10.00 in a report on Friday, August 9th. Piper Sandler reduced their price objective on shares of Savers Value Village from $13.00 to $11.00 and set an “overweight” rating for the company in a research note on Friday, August 9th. JPMorgan Chase & Co. lowered shares of Savers Value Village from an “overweight” rating to a “neutral” rating and lowered their target price for the company from $21.00 to $12.00 in a research note on Monday, July 22nd. Robert W. Baird cut their target price on shares of Savers Value Village from $21.00 to $13.00 and set an “outperform” rating for the company in a research report on Friday, August 9th. Finally, Loop Capital lowered their price target on Savers Value Village from $23.00 to $15.00 and set a “buy” rating on the stock in a research report on Monday, August 12th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, Savers Value Village has a consensus rating of “Moderate Buy” and a consensus target price of $12.20.

Savers Value Village Stock Performance

The stock has a market cap of $1.55 billion, a price-to-earnings ratio of 23.32 and a beta of 1.67. The company has a current ratio of 1.03, a quick ratio of 0.87 and a debt-to-equity ratio of 1.75. The firm has a fifty day simple moving average of $10.81 and a 200 day simple moving average of $14.91.

Savers Value Village (NYSE:SVV) last posted its quarterly earnings results on Thursday, August 8th. The company reported $0.14 earnings per share for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.06). The business had revenue of $396.70 million for the quarter, compared to analyst estimates of $391.13 million. Savers Value Village had a return on equity of 2.88% and a net margin of 2.47%. The firm’s quarterly revenue was up 4.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.22 EPS. As a group, sell-side analysts expect that Savers Value Village, Inc. will post 0.49 earnings per share for the current year.

Institutional Trading of Savers Value Village

Large investors have recently added to or reduced their stakes in the company. Makaira Partners LLC bought a new stake in shares of Savers Value Village during the second quarter worth $27,418,000. Thrivent Financial for Lutherans lifted its position in Savers Value Village by 329.5% during the 2nd quarter. Thrivent Financial for Lutherans now owns 2,068,621 shares of the company’s stock valued at $25,320,000 after purchasing an additional 1,586,964 shares during the period. The Manufacturers Life Insurance Company lifted its position in Savers Value Village by 34.3% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 1,883,269 shares of the company’s stock valued at $23,051,000 after purchasing an additional 481,423 shares during the period. Norges Bank bought a new position in shares of Savers Value Village in the 4th quarter valued at about $25,076,000. Finally, Goldman Sachs Group Inc. grew its position in shares of Savers Value Village by 103.8% during the 4th quarter. Goldman Sachs Group Inc. now owns 972,863 shares of the company’s stock worth $16,908,000 after buying an additional 495,482 shares during the period. 98.78% of the stock is owned by institutional investors.

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.