Savers Value Village (NYSE:SVV) Lowered to “Hold” Rating by Wall Street Zen

Wall Street Zen lowered shares of Savers Value Village (NYSE:SVV) from a buy rating to a hold rating in a report published on Saturday morning.

Several other equities analysts also recently weighed in on SVV. JPMorgan Chase & Co. raised their price objective on Savers Value Village from $9.00 to $11.00 and gave the company a “neutral” rating in a research note on Monday, July 28th. BTIG Research initiated coverage on Savers Value Village in a report on Tuesday, October 14th. They issued a “buy” rating and a $18.00 target price on the stock. UBS Group lifted their price target on Savers Value Village from $13.00 to $16.00 and gave the stock a “buy” rating in a research note on Friday, October 31st. Weiss Ratings upgraded shares of Savers Value Village from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Friday, October 24th. Finally, Piper Sandler increased their price objective on shares of Savers Value Village from $11.00 to $12.00 and gave the company a “neutral” rating in a research note on Friday, August 1st. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat, Savers Value Village currently has a consensus rating of “Moderate Buy” and a consensus target price of $13.67.

Savers Value Village Price Performance

Shares of NYSE SVV traded up $0.35 during midday trading on Friday, hitting $8.25. The company had a trading volume of 1,387,192 shares, compared to its average volume of 1,701,715. The firm has a market capitalization of $1.29 billion, a price-to-earnings ratio of -823.78 and a beta of 1.02. Savers Value Village has a twelve month low of $6.48 and a twelve month high of $13.89. The business has a 50-day simple moving average of $12.37 and a two-hundred day simple moving average of $11.18. The company has a quick ratio of 0.61, a current ratio of 0.81 and a debt-to-equity ratio of 1.76.

Savers Value Village (NYSE:SVV) last issued its earnings results on Wednesday, January 15th. The company reported $0.18 earnings per share for the quarter. Savers Value Village had a negative net margin of 0.11% and a positive return on equity of 9.18%. The company had revenue of $394.80 million for the quarter. Equities research analysts anticipate that Savers Value Village will post 0.28 earnings per share for the current year.

Insider Buying and Selling

In related news, CEO Mark T. Walsh sold 34,184 shares of the business’s stock in a transaction dated Wednesday, September 24th. The shares were sold at an average price of $13.08, for a total value of $447,126.72. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, General Counsel Richard A. Medway sold 20,000 shares of the firm’s stock in a transaction dated Friday, September 26th. The stock was sold at an average price of $13.69, for a total transaction of $273,800.00. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 192,402 shares of company stock worth $2,465,381. 3.09% of the stock is owned by corporate insiders.

Institutional Trading of Savers Value Village

A number of hedge funds have recently bought and sold shares of SVV. Sandia Investment Management LP acquired a new position in Savers Value Village in the 2nd quarter valued at $51,000. Lazard Asset Management LLC purchased a new stake in shares of Savers Value Village in the second quarter valued at $57,000. State of Alaska Department of Revenue acquired a new position in Savers Value Village in the third quarter valued at $107,000. Salem Investment Counselors Inc. purchased a new position in Savers Value Village during the third quarter worth about $119,000. Finally, Savant Capital LLC acquired a new stake in Savers Value Village in the 2nd quarter worth about $104,000. Institutional investors and hedge funds 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.