Savers Value Village (NYSE:SVV) Stock Rating Lowered by Wall Street Zen

Savers Value Village (NYSE:SVV) was downgraded by investment analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Saturday.

Several other research analysts have also commented on the company. Weiss Ratings upgraded Savers Value Village from a “sell (d+)” rating to a “hold (c-)” rating in a report on Friday, October 24th. Piper Sandler upped their price objective on shares of Savers Value Village from $11.00 to $12.00 and gave the company a “neutral” rating in a report on Friday, August 1st. UBS Group lifted their target price on shares of Savers Value Village from $13.00 to $16.00 and gave the stock a “buy” rating in a research note on Friday, October 31st. JPMorgan Chase & Co. boosted their target price on shares of Savers Value Village from $9.00 to $11.00 and gave the company a “neutral” rating in a report on Monday, July 28th. Finally, BTIG Research initiated coverage on shares of Savers Value Village in a research note on Tuesday, October 14th. They issued a “buy” rating and a $18.00 price target for the company. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $13.67.

Savers Value Village Trading Up 4.4%

Shares of Savers Value Village stock opened at $8.25 on Friday. The company has a debt-to-equity ratio of 1.76, a current ratio of 0.81 and a quick ratio of 0.61. The stock’s 50 day simple moving average is $12.37 and its 200-day simple moving average is $11.19. The stock has a market cap of $1.29 billion, a P/E ratio of -823.78 and a beta of 1.02. Savers Value Village has a 1-year low of $6.48 and a 1-year high of $13.89.

Savers Value Village (NYSE:SVV) last posted its quarterly earnings results on Wednesday, January 15th. The company reported $0.18 EPS for the quarter. The firm had revenue of $394.80 million during the quarter. Savers Value Village had a positive return on equity of 9.18% and a negative net margin of 0.11%. Analysts predict that Savers Value Village will post 0.28 EPS for the current fiscal year.

Insider Buying and Selling at Savers Value Village

In other news, General Counsel Richard A. Medway sold 20,000 shares of the business’s stock in a transaction that occurred on Friday, September 26th. The shares were sold at an average price of $13.69, for a total value of $273,800.00. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Mark T. Walsh sold 34,184 shares of the company’s stock in a transaction that occurred on Wednesday, September 24th. The stock was sold at an average price of $13.08, for a total transaction of $447,126.72. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 192,402 shares of company stock worth $2,465,381 over the last three months. Insiders own 3.09% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of SVV. T. Rowe Price Investment Management Inc. raised its holdings in shares of Savers Value Village by 19.6% in the 1st quarter. T. Rowe Price Investment Management Inc. now owns 7,137,153 shares of the company’s stock valued at $49,247,000 after buying an additional 1,167,253 shares during the period. Baillie Gifford & Co. boosted its holdings in Savers Value Village by 76.4% during the 1st quarter. Baillie Gifford & Co. now owns 6,509,978 shares of the company’s stock valued at $44,919,000 after acquiring an additional 2,820,500 shares during the period. Vanguard Group Inc. grew its position in Savers Value Village by 6.7% in the 3rd quarter. Vanguard Group Inc. now owns 3,857,682 shares of the company’s stock valued at $51,114,000 after acquiring an additional 242,149 shares in the last quarter. Ameriprise Financial Inc. increased its stake in Savers Value Village by 89.2% during the second quarter. Ameriprise Financial Inc. now owns 2,150,724 shares of the company’s stock worth $21,937,000 after purchasing an additional 1,013,875 shares during the period. Finally, Marshall Wace LLP increased its stake in Savers Value Village by 97.8% during the second quarter. Marshall Wace LLP now owns 1,832,697 shares of the company’s stock worth $18,694,000 after purchasing an additional 905,986 shares during the period. 98.78% of the stock is currently owned by hedge funds and other 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.