Savers Value Village’s (SVV) Buy Rating Reiterated at BTIG Research

BTIG Research restated their buy rating on shares of Savers Value Village (NYSE:SVV) in a research report sent to investors on Wednesday morning,Benzinga reports. They currently have a $15.00 price target on the stock.

Other analysts also recently issued reports about the stock. Wall Street Zen upgraded shares of Savers Value Village from a “hold” rating to a “buy” rating in a research report on Saturday, November 7th. Wells Fargo & Company began coverage on shares of Savers Value Village in a report on Friday, September 18th. They set an “equal weight” rating and a $11.00 price objective for the company. Piper Sandler upped their target price on shares of Savers Value Village from $10.00 to $11.00 and gave the company a “neutral” rating in a research note on Friday, August 7th. Weiss Ratings upgraded shares of Savers Value Village from a “sell (d+)” rating to a “hold (c)” rating in a report on Monday. Finally, JPMorgan Chase & Co. lifted their target price on Savers Value Village from $11.00 to $14.00 and gave the stock a “neutral” rating in a report on Friday, August 7th. Four equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to MarketBeat, Savers Value Village presently has an average rating of “Hold” and an average price target of $13.29.

Savers Value Village Stock Performance

Shares of Savers Value Village stock opened at $10.42 on Wednesday. The firm has a 50 day simple moving average of $9.53 and a 200 day simple moving average of $9.41. The firm has a market cap of $1.60 billion, a P/E ratio of 22.93 and a beta of 1.22. Savers Value Village has a fifty-two week low of $6.91 and a fifty-two week high of $12.69. The company has a debt-to-equity ratio of 1.39, a current ratio of 0.67 and a quick ratio of 0.66.

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

Insider Activity

In other news, Director William T. Allen sold 26,151 shares of the firm’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 of the company’s stock, valued at approximately $266,098.42. This trade 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 can be accessed through this hyperlink. 3.46% of the stock is currently owned by insiders.

Institutional Trading of Savers Value Village

A number of institutional investors have recently modified their holdings of SVV. Integrated Wealth Concepts LLC acquired a new stake in shares of Savers Value Village during the 2nd quarter worth approximately $33,000. State of Alaska Department of Revenue bought a new position in Savers Value Village in the 3rd quarter valued at approximately $76,000. Royal Bank of Canada boosted its position in Savers Value Village by 801.5% in the first quarter. Royal Bank of Canada now owns 11,233 shares of the company’s stock valued at $83,000 after buying an additional 9,987 shares in the last quarter. Caxton Associates LLP acquired a new stake in Savers Value Village in the first quarter valued at approximately $90,000. Finally, The Manufacturers Life Insurance Company acquired a new stake in Savers Value Village in the second quarter valued at approximately $125,000. 98.78% of the stock is currently owned by institutional investors.

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.