Savers Value Village, Inc. (NYSE:SVV) Stock Has Consensus Target Price of $13.29

Shares of Savers Value Village, Inc. (NYSE:SVV) have earned an average rating of “Hold” from the nine analysts that are currently covering the stock, Marketbeat Ratings reports. Five investment analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $13.29.

SVV has been the topic of several analyst reports. Piper Sandler upped their target price on shares of Savers Value Village from $10.00 to $11.00 and gave the stock a “neutral” rating in a report on Friday, August 7th. JPMorgan Chase & Co. raised their price objective on shares of Savers Value Village from $11.00 to $14.00 and gave the stock a “neutral” rating in a report on Friday, August 7th. Weiss Ratings upgraded shares of Savers Value Village from a “sell (d+)” rating to a “hold (c)” rating in a research note on Monday, November 9th. BTIG Research restated a “buy” rating and set a $15.00 target price on shares of Savers Value Village in a report on Wednesday. Finally, Wells Fargo & Company started coverage on Savers Value Village in a research note on Friday, September 18th. They issued an “equal weight” rating and a $11.00 target price for the company.

Insider Buying and Selling

In other news, Director William T. Allen sold 26,151 shares of the company’s stock in a transaction that occurred on Wednesday, September 16th. The shares were sold at an average price of $9.22, for a total transaction of $241,112.22. Following the transaction, the director directly owned 28,861 shares in the company, valued at approximately $266,098.42. This represents a 47.54% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 3.46% of the stock is currently owned by corporate insiders.

Institutional Trading of Savers Value Village

Several institutional investors and hedge funds have recently added to or reduced their stakes in SVV. Squarepoint Ops LLC increased its position in Savers Value Village by 2.2% during the 2nd quarter. Squarepoint Ops LLC now owns 136,665 shares of the company’s stock worth $1,379,000 after purchasing an additional 2,900 shares in the last quarter. Integrated Wealth Concepts LLC acquired a new position in shares of Savers Value Village during the second quarter worth $33,000. Bank of America Corp DE grew its position in Savers Value Village by 4.5% during the 1st quarter. Bank of America Corp DE now owns 119,931 shares of the company’s stock worth $892,000 after acquiring an additional 5,166 shares during the last quarter. WoodTrust Financial Corp increased its holdings in Savers Value Village by 21.0% in the 3rd quarter. WoodTrust Financial Corp now owns 37,500 shares of the company’s stock worth $345,000 after purchasing an additional 6,500 shares in the last quarter. Finally, State of Alaska Department of Revenue bought a new position in Savers Value Village in the third quarter valued at about $76,000. 98.78% of the stock is owned by institutional investors.

Savers Value Village Stock Up 3.3%

Shares of NYSE SVV traded up $0.33 during mid-day trading on Friday, reaching $10.42. 1,170,162 shares of the company traded hands, compared to its average volume of 1,997,864. The company has a debt-to-equity ratio of 1.39, a quick ratio of 0.66 and a current ratio of 0.67. The stock has a market cap of $1.60 billion, a PE ratio of 26.05 and a beta of 1.22. The company’s fifty day moving average is $9.53 and its two-hundred day moving average is $9.41. Savers Value Village has a fifty-two week low of $6.91 and a fifty-two week high of $12.69.

Savers Value Village (NYSE:SVV) last posted its earnings results on Thursday, November 5th. The company reported $0.16 earnings per share for the quarter, topping the consensus estimate of $0.15 by $0.01. Savers Value Village had a return on equity of 15.51% and a net margin of 3.50%. The firm had revenue of $463.08 million during the quarter, compared to analyst estimates of $459.22 million. During the same period in the previous year, the company earned $0.14 EPS. The company’s revenue for the quarter was up 8.5% on a year-over-year basis. On average, analysts expect that Savers Value Village will post 0.39 earnings per share for the current year.

About Savers Value Village

Savers Value Village Inc. operates a for-profit thrift store business, selling secondhand clothing, accessories, household goods, books and other merchandise. Its stores operate under several banners, including Savers, Value Village, Village des Valeurs, Unique and 2nd Ave. The company sources much of its merchandise through relationships with nonprofit organizations. It purchases donated goods from these partners, then sorts, processes and sells items through its retail stores, helping extend the useful life of donated products while providing revenue to nonprofit partners.