Savers Value Village (NYSE:SVV) Trading 5.6% Higher

Savers Value Village, Inc. (NYSE:SVV)’s stock price was up 5.6% during trading on Friday . The stock traded as high as $9.50 and last traded at $9.50. Approximately 26,892 shares traded hands during mid-day trading, a decline of 96% from the average daily volume of 752,352 shares. The stock had previously closed at $9.00.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on SVV. Loop Capital decreased their target price on Savers Value Village from $23.00 to $15.00 and set a “buy” rating for the company in a research report on Monday, August 12th. Robert W. Baird lowered their price objective on shares of Savers Value Village from $21.00 to $13.00 and set an “outperform” rating for the company in a research report on Friday, August 9th. JPMorgan Chase & Co. lowered shares of Savers Value Village from an “overweight” rating to a “neutral” rating and dropped their price objective for the company from $21.00 to $12.00 in a research note on Monday, July 22nd. Piper Sandler lowered their price target on shares of Savers Value Village from $13.00 to $11.00 and set an “overweight” rating for the company in a report on Friday, August 9th. Finally, The Goldman Sachs Group lowered shares of Savers Value Village from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $14.00 to $10.00 in a report on Friday, August 9th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $12.20.

Savers Value Village Price Performance

The company has a debt-to-equity ratio of 1.75, a current ratio of 1.03 and a quick ratio of 0.87. The business’s 50-day moving average price is $9.94 and its two-hundred day moving average price is $13.77. The firm has a market cap of $1.64 billion, a price-to-earnings ratio of 24.68 and a beta of 1.65.

Savers Value Village (NYSE:SVV) last announced its quarterly earnings data on Thursday, August 8th. The company reported $0.14 earnings per share for the quarter, missing the consensus estimate of $0.20 by ($0.06). The company had revenue of $396.70 million for the quarter, compared to analyst estimates of $391.13 million. Savers Value Village had a return on equity of 2.88% and a net margin of 2.47%. Savers Value Village’s revenue was up 4.6% on a year-over-year basis. During the same period in the prior year, the business earned $0.22 earnings per share. On average, research analysts forecast that Savers Value Village, Inc. will post 0.28 EPS for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Makaira Partners LLC bought a new stake in shares of Savers Value Village in the 2nd quarter valued at approximately $27,418,000. Thrivent Financial for Lutherans raised its holdings in shares of Savers Value Village by 329.5% during the second quarter. Thrivent Financial for Lutherans now owns 2,068,621 shares of the company’s stock worth $25,320,000 after purchasing an additional 1,586,964 shares during the period. Norges Bank bought a new position in shares of Savers Value Village in the 4th quarter worth about $25,076,000. Goldman Sachs Group Inc. boosted its holdings in shares of Savers Value Village by 103.8% in the 4th quarter. Goldman Sachs Group Inc. now owns 972,863 shares of the company’s stock valued at $16,908,000 after buying an additional 495,482 shares during the period. Finally, The Manufacturers Life Insurance Company grew its position in shares of Savers Value Village by 34.3% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 1,883,269 shares of the company’s stock valued at $23,051,000 after buying an additional 481,423 shares during the last quarter. 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.