Savers Value Village (NYSE:SVV) Stock Rating Lowered by JPMorgan Chase & Co.

Savers Value Village (NYSE:SVV) was downgraded by stock analysts at JPMorgan Chase & Co. from an “overweight” rating to a “neutral” rating in a report released on Monday, MarketBeat.com reports. They presently have a $12.00 price target on the stock, down from their previous price target of $21.00. JPMorgan Chase & Co.‘s target price points to a potential upside of 24.10% from the stock’s current price.

Other equities analysts also recently issued research reports about the stock. Loop Capital reduced their price objective 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. Piper Sandler reduced their price objective on shares of Savers Value Village from $24.00 to $19.00 and set an “overweight” rating for the company in a research note on Friday, May 10th. Finally, Robert W. Baird reduced their price objective 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 equities research analyst has rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, Savers Value Village has a consensus rating of “Moderate Buy” and an average target price of $23.67.

Savers Value Village Stock Performance

Savers Value Village stock opened at $9.67 on Monday. The company has a 50 day moving average price of $12.39 and a 200-day moving average price of $16.15. The company has a debt-to-equity ratio of 1.86, a quick ratio of 0.83 and a current ratio of 0.99. Savers Value Village has a fifty-two week low of $9.64 and a fifty-two week high of $26.88. The company has a market capitalization of $1.56 billion and a PE ratio of 23.59.

Savers Value Village (NYSE:SVV) last posted its quarterly earnings results on Thursday, May 9th. The company reported ($0.01) earnings per share for the quarter, missing the consensus estimate of $0.06 by ($0.07). Savers Value Village had a net margin of 4.17% and a return on equity of 12.18%. The company had revenue of $354.17 million for the quarter, compared to the consensus estimate of $354.88 million. As a group, equities analysts forecast that Savers Value Village will post 0.53 earnings per share for the current year.

Hedge Funds Weigh In On Savers Value Village

Several institutional investors and hedge funds have recently bought and sold shares of SVV. Citigroup Inc. purchased a new position in Savers Value Village in the third quarter worth $92,000. Vanguard Group Inc. grew its holdings in shares of Savers Value Village by 1,264.2% during the third quarter. Vanguard Group Inc. now owns 2,250,983 shares of the company’s stock valued at $42,026,000 after buying an additional 2,085,983 shares during the last quarter. SG Americas Securities LLC purchased a new stake in shares of Savers Value Village during the fourth quarter valued at $937,000. Raymond James & Associates purchased a new stake in shares of Savers Value Village during the fourth quarter valued at $386,000. Finally, Amica Mutual Insurance Co. purchased a new stake in shares of Savers Value Village during the fourth quarter valued at $883,000. 98.78% of the stock is 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.