Loop Capital Lowers Savers Value Village (NYSE:SVV) Price Target to $15.00

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

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

Savers Value Village Trading Down 2.2 %

NYSE SVV traded down $0.19 on Monday, reaching $8.59. 648,857 shares of the company were exchanged, compared to its average volume of 772,775. The company has a current ratio of 0.99, a quick ratio of 0.83 and a debt-to-equity ratio of 1.86. The business’s fifty day moving average price is $11.58 and its 200 day moving average price is $15.46. The stock has a market capitalization of $1.39 billion, a P/E ratio of 20.95 and a beta of 1.67. Savers Value Village has a fifty-two week low of $7.78 and a fifty-two week high of $26.88.

Savers Value Village (NYSE:SVV) last announced its quarterly earnings data on Thursday, May 9th. The company reported ($0.01) earnings per share (EPS) 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 firm had revenue of $354.17 million during the quarter, compared to analysts’ expectations of $354.88 million. Analysts forecast that Savers Value Village will post 0.49 earnings per share for the current year.

Hedge Funds Weigh In On Savers Value Village

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Parallel Advisors LLC purchased a new stake in shares of Savers Value Village during the fourth quarter worth $36,000. nVerses Capital LLC acquired a new stake in Savers Value Village in the 2nd quarter valued at about $62,000. Zevenbergen Capital Investments LLC purchased a new position in shares of Savers Value Village in the 4th quarter valued at about $193,000. Mount Yale Investment Advisors LLC acquired a new position in shares of Savers Value Village during the first quarter worth about $193,000. Finally, Victory Capital Management Inc. purchased a new stake in shares of Savers Value Village during the second quarter worth approximately $255,000. 98.78% of the stock is currently owned by hedge funds and other 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.