UBS Group Cuts Savers Value Village (NYSE:SVV) Price Target to $13.00

by · The Cerbat Gem

Savers Value Village (NYSE:SVV – Get Free Report) had its price target reduced by analysts at UBS Group from $14.00 to $13.00 in a research note issued on Friday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. UBS Group’s target price would indicate a potential upside of 43.25% from the company’s current price.

Several other equities research analysts have also commented on SVV. Piper Sandler boosted their price objective on shares of Savers Value Village from $10.00 to $11.00 and gave the stock a “neutral” rating in a research report on Friday, January 17th. JPMorgan Chase & Co. decreased their price objective on shares of Savers Value Village from $10.00 to $9.00 and set a “neutral” rating on the stock in a research report on Friday. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $11.83.

Get Our Latest Stock Report on Savers Value Village

Savers Value Village Price Performance

Shares of NYSE SVV traded down $2.19 during trading on Friday, hitting $9.08. 1,823,253 shares of the company were exchanged, compared to its average volume of 572,351. The company has a market cap of $1.45 billion, a price-to-earnings ratio of 19.73 and a beta of 1.09. Savers Value Village has a 1 year low of $7.78 and a 1 year high of $21.33. The firm’s fifty day moving average price is $10.68 and its 200 day moving average price is $10.07. The company has a debt-to-equity ratio of 1.70, a current ratio of 1.04 and a quick ratio of 0.86.

Savers Value Village (NYSE:SVV – Get Free Report) last issued its earnings results on Thursday, February 20th. The company reported $0.05 EPS for the quarter, missing the consensus estimate of $0.09 by ($0.04). Savers Value Village had a return on equity of 9.11% and a net margin of 4.93%. The company had revenue of $401.99 million for the quarter, compared to analysts’ expectations of $402.00 million. On average, sell-side analysts expect that Savers Value Village will post 0.28 earnings per share for the current fiscal year.

Insider Activity at Savers Value Village

In other news, General Counsel Richard A. Medway sold 4,800 shares of the company’s stock in a transaction dated Tuesday, January 21st. The shares were sold at an average price of $11.48, for a total transaction of $55,104.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 2.38% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of SVV. BNP Paribas Financial Markets acquired a new position in shares of Savers Value Village during the 4th quarter valued at about $36,000. KLP Kapitalforvaltning AS acquired a new position in shares of Savers Value Village during the 4th quarter valued at about $57,000. Wexford Capital LP acquired a new position in shares of Savers Value Village during the 4th quarter valued at about $106,000. Wells Fargo & Company MN increased its stake in shares of Savers Value Village by 51.7% during the 4th quarter. Wells Fargo & Company MN now owns 10,931 shares of the company’s stock valued at $112,000 after acquiring an additional 3,725 shares during the last quarter. Finally, AlphaQuest LLC acquired a new stake in Savers Value Village during the 4th quarter worth approximately $113,000. Institutional investors and hedge funds own 98.78% of the company’s stock.

About Savers Value Village

(Get Free Report)

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.

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