Savers Value Village (NYSE:SVV) Price Target Cut to $21.00 by Analysts at Robert W. Baird

Savers Value Village (NYSE:SVV) had its target price lowered by analysts at Robert W. Baird from $23.00 to $21.00 in a report issued on Friday, Benzinga reports. The firm currently has an “outperform” rating on the stock. Robert W. Baird’s price target indicates a potential upside of 22.45% from the company’s previous close.

Savers Value Village Trading Up 5.6 %

Shares of SVV stock opened at $17.15 on Friday. Savers Value Village has a 12 month low of $10.16 and a 12 month high of $26.88. The stock has a 50 day moving average of $18.07 and a two-hundred day moving average of $17.13. The company has a current ratio of 1.07, a quick ratio of 0.93 and a debt-to-equity ratio of 2.09.

Savers Value Village (NYSE:SVV) last issued its earnings results on Thursday, May 9th. The company reported ($0.01) EPS for the quarter, missing the consensus estimate of $0.06 by ($0.07). Savers Value Village had a return on equity of 14.98% and a net margin of 3.54%. The firm had revenue of $354.17 million during the quarter, compared to the consensus estimate of $354.88 million. On average, research analysts expect that Savers Value Village will post 0.55 EPS for the current year.

Insider Buying and Selling

In related news, CEO Mark T. Walsh sold 17,000 shares of the firm’s stock in a transaction that occurred on Monday, April 8th. The stock was sold at an average price of $18.61, for a total transaction of $316,370.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, insider Jubran N. Tanious sold 10,000 shares of the stock in a transaction on Monday, February 12th. The stock was sold at an average price of $20.00, for a total transaction of $200,000.00. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Mark T. Walsh sold 17,000 shares of Savers Value Village stock in a transaction dated Monday, April 8th. The shares were sold at an average price of $18.61, for a total value of $316,370.00. The disclosure for this sale can be found here. Insiders sold 65,855 shares of company stock valued at $1,238,650 over the last quarter.

Hedge Funds Weigh In On Savers Value Village

Several hedge funds have recently added to or reduced their stakes in SVV. SG Americas Securities LLC bought a new position in Savers Value Village during the fourth quarter worth about $937,000. Invesco Ltd. grew its holdings in shares of Savers Value Village by 5.1% in the 3rd 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 during the period. Vanguard Group Inc. grew its holdings in shares of Savers Value Village by 1,264.2% in the 3rd quarter. Vanguard Group Inc. now owns 2,250,983 shares of the company’s stock valued at $42,026,000 after buying an additional 2,085,983 shares during the period. Deutsche Bank AG increased its position in shares of Savers Value Village by 44.5% in the 3rd quarter. Deutsche Bank AG now owns 433,564 shares of the company’s stock valued at $8,095,000 after buying an additional 133,564 shares in the last quarter. Finally, Loomis Sayles & Co. L P lifted its holdings in Savers Value Village by 17.8% during the third quarter. Loomis Sayles & Co. L P now owns 695,890 shares of the company’s stock worth $12,992,000 after acquiring an additional 105,231 shares in the last quarter. 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.