Savers Value Village (NYSE:SVV) Price Target Cut to $13.00

Savers Value Village (NYSE:SVV) had its target price cut by Robert W. Baird from $21.00 to $13.00 in a research note issued to investors on Friday morning, Benzinga reports. They currently have an outperform rating on the stock.

A number of other equities analysts have also recently issued reports on the stock. Piper Sandler dropped their price target on shares of Savers Value Village from $18.00 to $13.00 and set an overweight rating on the stock in a research note on Wednesday, July 24th. JPMorgan Chase & Co. cut shares of Savers Value Village from an overweight rating to a neutral rating and dropped their price target for the stock from $21.00 to $12.00 in a research note on Monday, July 22nd. Loop Capital dropped their price target on shares of Savers Value Village from $25.00 to $23.00 and set a buy rating on the stock in a research note on Monday, May 13th. Finally, The Goldman Sachs Group cut shares of Savers Value Village from a buy rating to a neutral rating and lowered their target price for the company from $14.00 to $10.00 in a research note on Friday. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, Savers Value Village presently has an average rating of Moderate Buy and a consensus target price of $12.20.

Savers Value Village Stock Performance

Shares of SVV stock opened at $8.77 on Friday. The stock has a market cap of $1.42 billion, a PE ratio of 21.39 and a beta of 1.67. The company’s fifty day moving average price is $11.47 and its 200-day moving average price is $15.40. Savers Value Village has a 12 month low of $7.78 and a 12 month high of $26.88. The company has a current ratio of 0.99, a quick ratio of 0.83 and a debt-to-equity ratio of 1.86.

Savers Value Village (NYSE:SVV) last announced its quarterly earnings results on Thursday, August 8th. The company reported $0.14 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.06). The firm had revenue of $396.70 million during the quarter, compared to the consensus estimate of $391.13 million. Savers Value Village had a return on equity of 12.18% and a net margin of 4.17%. The business’s revenue for the quarter was up 4.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.22 EPS. On average, equities analysts expect that Savers Value Village will post 0.49 EPS for the current fiscal year.

Hedge Funds Weigh In On Savers Value Village

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Parallel Advisors LLC bought a new position in Savers Value Village during the 4th quarter valued at about $36,000. nVerses Capital LLC purchased a new stake in shares of Savers Value Village during the 2nd quarter valued at about $62,000. Mount Yale Investment Advisors LLC purchased a new stake in shares of Savers Value Village during the 1st quarter valued at about $193,000. Zevenbergen Capital Investments LLC purchased a new stake in shares of Savers Value Village during the 4th quarter valued at about $193,000. Finally, Oppenheimer Asset Management Inc. purchased a new stake in shares of Savers Value Village during the 1st quarter valued at about $267,000. Institutional investors own 98.78% of the company’s stock.

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.