Savers Value Village (NYSE:SVV) Price Target Lowered to $13.00 at UBS Group

Savers Value Village (NYSE:SVV) had its price target trimmed by UBS Group from $14.00 to $13.00 in a research note released on Friday,Benzinga reports. They currently have a buy rating on the stock.

SVV has been the topic of a number of other reports. Piper Sandler upped their price target on Savers Value Village from $10.00 to $11.00 and gave the company a “neutral” rating in a report on Friday, January 17th. JPMorgan Chase & Co. lowered their target price on shares of Savers Value Village from $10.00 to $9.00 and set a “neutral” rating on the stock in a research note on Friday. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $11.83.

Savers Value Village Stock Down 19.2 %

NYSE:SVV opened at $9.10 on Friday. The company has a debt-to-equity ratio of 1.70, a quick ratio of 0.86 and a current ratio of 1.04. The firm has a market cap of $1.45 billion, a P/E ratio of 50.53 and a beta of 1.09. Savers Value Village has a fifty-two week low of $7.78 and a fifty-two week high of $21.33. The firm has a 50-day simple moving average of $10.67 and a two-hundred day simple moving average of $10.06.

Savers Value Village (NYSE:SVV) last announced its quarterly earnings results on Thursday, February 20th. The company reported $0.05 earnings per share for the quarter, missing the consensus estimate of $0.09 by ($0.04). The firm had revenue of $401.99 million for the quarter, compared to the consensus estimate of $402.00 million. Savers Value Village had a net margin of 1.89% and a return on equity of 8.74%. Analysts predict that Savers Value Village will post 0.28 earnings per share for the current fiscal year.

Insider Transactions at Savers Value Village

In other Savers Value Village news, General Counsel Richard A. Medway sold 4,800 shares of the stock in a transaction dated Tuesday, January 21st. The stock was sold at an average price of $11.48, for a total value of $55,104.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 2.38% of the company’s stock.

Institutional Investors Weigh In On Savers Value Village

A number of large investors have recently made changes to their positions in SVV. Baillie Gifford & Co. lifted its stake in shares of Savers Value Village by 570.0% in the 4th quarter. Baillie Gifford & Co. now owns 3,689,478 shares of the company’s stock worth $37,817,000 after purchasing an additional 3,138,844 shares during the period. T. Rowe Price Investment Management Inc. increased its holdings in Savers Value Village by 49.3% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 5,969,900 shares of the company’s stock valued at $61,192,000 after buying an additional 1,970,894 shares during the last quarter. Ameriprise Financial Inc. bought a new position in Savers Value Village in the fourth quarter worth approximately $11,324,000. FMR LLC boosted its stake in shares of Savers Value Village by 30.8% during the 3rd quarter. FMR LLC now owns 3,437,895 shares of the company’s stock worth $36,167,000 after acquiring an additional 808,867 shares during the last quarter. Finally, Marshall Wace LLP grew its position in shares of Savers Value Village by 1,328.7% during the 4th quarter. Marshall Wace LLP now owns 541,103 shares of the company’s stock valued at $5,546,000 after acquiring an additional 503,230 shares during the period. 98.78% of the stock is currently 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.