Savers Value Village (NYSE:SVV) Trading 5.6% Higher

Savers Value Village, Inc. (NYSE:SVV)’s share price traded up 5.6% during trading on Tuesday . The stock traded as high as $9.30 and last traded at $9.26. 52,748 shares changed hands during trading, a decline of 93% from the average session volume of 771,245 shares. The stock had previously closed at $8.77.

Analysts Set New Price Targets

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

Savers Value Village Trading Up 5.4 %

The firm has a market cap of $1.49 billion, a price-to-earnings ratio of 21.39 and a beta of 1.67. The company has a debt-to-equity ratio of 1.86, a quick ratio of 0.83 and a current ratio of 0.99. The business has a fifty day simple moving average of $11.47 and a 200-day simple moving average of $15.40.

Savers Value Village (NYSE:SVV) last posted its quarterly earnings data on Thursday, August 8th. The company reported $0.14 earnings per share for the quarter, missing the consensus estimate of $0.20 by ($0.06). The firm 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 2.99% and a net margin of 2.47%. The company’s quarterly revenue was up 4.6% compared to the same quarter last year. During the same quarter last year, the company earned $0.22 earnings per share. As a group, equities analysts forecast that Savers Value Village, Inc. will post 0.49 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. Thrivent Financial for Lutherans raised its position in shares of 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 buying an additional 1,586,964 shares in the last quarter. Norges Bank purchased a new stake in shares of Savers Value Village during the fourth quarter valued at $25,076,000. Goldman Sachs Group Inc. raised its stake in Savers Value Village by 103.8% during the 4th quarter. Goldman Sachs Group Inc. now owns 972,863 shares of the company’s stock valued at $16,908,000 after buying an additional 495,482 shares during the last quarter. Baillie Gifford & Co. purchased a new position in shares of Savers Value Village in the second quarter worth approximately $5,000,000. Finally, Alberta Investment Management Corp increased its position in Savers Value Village by 345.3% in the fourth quarter. Alberta Investment Management Corp now owns 206,564 shares of the company’s stock worth $3,590,000 after buying an additional 160,176 shares in the last quarter. 98.78% of the stock is owned by institutional investors.

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.