Savers Value Village (NYSE:SVV) Price Target Lowered to $10.00 at Piper Sandler

Savers Value Village (NYSE:SVV) had its price objective lowered by analysts at Piper Sandler from $11.00 to $10.00 in a research note issued on Monday,Benzinga reports. The firm presently has a “neutral” rating on the stock. Piper Sandler’s price target would suggest a potential upside of 19.12% from the stock’s current price.

A number of other research analysts have also recently commented on SVV. JPMorgan Chase & Co. dropped their target price on shares of Savers Value Village from $10.00 to $9.00 and set a “neutral” rating for the company in a report on Friday. UBS Group cut their target price on shares of Savers Value Village from $14.00 to $13.00 and set a “buy” rating on the stock in a research report on Friday. Three 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 presently has an average rating of “Moderate Buy” and an average target price of $11.67.

Savers Value Village Price Performance

NYSE:SVV traded down $0.68 during mid-day trading on Monday, reaching $8.40. The stock had a trading volume of 585,175 shares, compared to its average volume of 615,175. The stock has a 50-day simple moving average of $10.67 and a two-hundred day simple moving average of $10.06. The company has a debt-to-equity ratio of 1.70, a current ratio of 1.04 and a quick ratio of 0.86. Savers Value Village has a 12 month low of $7.78 and a 12 month high of $21.33. The stock has a market capitalization of $1.34 billion, a PE ratio of 46.67 and a beta of 1.09.

Savers Value Village (NYSE:SVV) last announced its quarterly earnings data on Thursday, February 20th. The company reported $0.05 earnings per share for the quarter, missing the consensus estimate of $0.09 by ($0.04). Savers Value Village had a return on equity of 8.74% and a net margin of 1.89%. The business had revenue of $401.99 million for the quarter, compared to the consensus estimate of $402.00 million. On average, equities analysts anticipate that Savers Value Village will post 0.28 earnings per share for the current year.

Insider Activity at Savers Value Village

In other news, General Counsel Richard A. Medway sold 4,800 shares of the business’s stock in a transaction that occurred on Tuesday, January 21st. The shares were sold at an average price of $11.48, for a total value of $55,104.00. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 2.38% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Savers Value Village

Several large investors have recently modified their holdings of the company. BNP Paribas Financial Markets bought a new stake in Savers Value Village during the fourth quarter valued at $36,000. KLP Kapitalforvaltning AS bought a new position in shares of Savers Value Village in the 4th quarter worth about $57,000. Wexford Capital LP acquired a new position in shares of Savers Value Village in the 4th quarter valued at about $106,000. Wells Fargo & Company MN boosted its position in shares of Savers Value Village by 51.7% during the 4th quarter. Wells Fargo & Company MN now owns 10,931 shares of the company’s stock valued at $112,000 after purchasing an additional 3,725 shares in the last quarter. Finally, AlphaQuest LLC acquired a new stake in Savers Value Village during the fourth quarter worth approximately $113,000. 98.78% of the stock is currently owned by institutional investors and hedge funds.

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.