Savers Value Village (NYSE:SVV) Price Target Cut to $19.00 by Analysts at Piper Sandler

Savers Value Village (NYSE:SVV) had its price objective dropped by equities research analysts at Piper Sandler from $24.00 to $19.00 in a report released on Friday, Benzinga reports. The brokerage currently has an “overweight” rating on the stock. Piper Sandler’s target price would suggest a potential upside of 10.79% from the stock’s current price.

Separately, Robert W. Baird dropped their price objective on Savers Value Village from $23.00 to $21.00 and set an “outperform” rating on the stock in a research report on Friday. Nine research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Savers Value Village has a consensus rating of “Buy” and an average target price of $26.13.

Savers Value Village Trading Up 5.6 %

Shares of SVV opened at $17.15 on Friday. The firm’s 50-day simple moving average is $18.07 and its two-hundred day simple moving average is $17.13. Savers Value Village has a fifty-two week low of $10.16 and a fifty-two week high of $26.88. The company has a debt-to-equity ratio of 2.09, a quick ratio of 0.93 and a current ratio of 1.07.

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). The company had revenue of $354.17 million during the quarter, compared to analysts’ expectations of $354.88 million. Savers Value Village had a return on equity of 14.98% and a net margin of 3.54%. Sell-side analysts forecast that Savers Value Village will post 0.55 EPS for the current year.

Insider Activity

In other Savers Value Village news, insider Melinda L. Geisser sold 2,000 shares of the stock in a transaction dated Wednesday, April 3rd. The stock was sold at an average price of $19.13, for a total value of $38,260.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Savers Value Village news, insider Jubran N. Tanious sold 10,000 shares of the stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $20.00, for a total value of $200,000.00. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Melinda L. Geisser sold 2,000 shares of the stock in a transaction that occurred on Wednesday, April 3rd. The stock was sold at an average price of $19.13, for a total value of $38,260.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 65,855 shares of company stock worth $1,238,650.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. SG Americas Securities LLC acquired a new stake in shares of Savers Value Village in the fourth quarter valued at about $937,000. Invesco Ltd. increased its holdings in Savers Value Village by 5.1% in the third quarter. Invesco Ltd. now owns 446,637 shares of the company’s stock valued at $8,339,000 after buying an additional 21,637 shares in the last quarter. Vanguard Group Inc. lifted its position in shares of Savers Value Village by 1,264.2% during the 3rd quarter. Vanguard Group Inc. now owns 2,250,983 shares of the company’s stock valued at $42,026,000 after acquiring an additional 2,085,983 shares during the period. Deutsche Bank AG boosted its stake in shares of Savers Value Village by 44.5% during the 3rd quarter. Deutsche Bank AG now owns 433,564 shares of the company’s stock worth $8,095,000 after acquiring an additional 133,564 shares in the last quarter. Finally, Loomis Sayles & Co. L P increased its stake in Savers Value Village by 17.8% in the 3rd quarter. Loomis Sayles & Co. L P now owns 695,890 shares of the company’s stock valued at $12,992,000 after purchasing an additional 105,231 shares in the last quarter. Hedge funds and other institutional investors own 98.78% of the company’s stock.

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.