Savers Value Village (NYSE:SVV) PT Lowered to $15.00

Savers Value Village (NYSE:SVV) had its target price cut by stock analysts at Loop Capital from $23.00 to $15.00 in a report released on Monday, Benzinga reports. The firm currently has a “buy” rating on the stock. Loop Capital’s price target would indicate a potential upside of 74.62% from the company’s previous close.

SVV has been the topic of several other research reports. Robert W. Baird reduced their target price on shares of Savers Value Village from $21.00 to $13.00 and set an “outperform” rating on the stock in a report on Friday. JPMorgan Chase & Co. lowered Savers Value Village from an “overweight” rating to a “neutral” rating and reduced their price target for the stock from $21.00 to $12.00 in a research report on Monday, July 22nd. The Goldman Sachs Group cut Savers Value Village from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $14.00 to $10.00 in a report on Friday. Finally, Piper Sandler dropped their price objective on shares of Savers Value Village from $13.00 to $11.00 and set an “overweight” rating on the stock in a research note on Friday. Two investment 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 company has a consensus rating of “Moderate Buy” and a consensus target price of $12.20.

Savers Value Village Trading Down 2.2 %

Shares of NYSE SVV traded down $0.19 during midday trading on Monday, hitting $8.59. The stock had a trading volume of 648,857 shares, compared to its average volume of 772,775. The company has a quick ratio of 0.83, a current ratio of 0.99 and a debt-to-equity ratio of 1.86. Savers Value Village has a 1-year low of $7.78 and a 1-year high of $26.88. The company has a market capitalization of $1.39 billion, a price-to-earnings ratio of 20.95 and a beta of 1.67. The company has a fifty day moving average price of $11.58 and a 200 day moving average price of $15.46.

Savers Value Village (NYSE:SVV) last announced its quarterly earnings results on Thursday, May 9th. The company reported ($0.01) earnings per share for the quarter, missing analysts’ consensus estimates 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 business had revenue of $354.17 million for the quarter, compared to analyst estimates of $354.88 million. On average, analysts predict that Savers Value Village will post 0.49 earnings per share for the current year.

Hedge Funds Weigh In On Savers Value Village

Several institutional investors and hedge funds have recently made changes to their positions in SVV. Parallel Advisors LLC bought a new stake in shares of Savers Value Village in the fourth quarter worth $36,000. nVerses Capital LLC acquired a new position in Savers Value Village during the 2nd quarter worth $62,000. Zevenbergen Capital Investments LLC bought a new stake in shares of Savers Value Village in the 4th quarter worth about $193,000. Mount Yale Investment Advisors LLC acquired a new stake in shares of Savers Value Village in the 1st quarter valued at about $193,000. Finally, Victory Capital Management Inc. acquired a new stake in shares of Savers Value Village in the 2nd quarter valued at about $255,000. 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.