Piper Sandler Lowers Savers Value Village (NYSE:SVV) Price Target to $10.00

Savers Value Village (NYSE:SVV) had its price objective cut by Piper Sandler from $11.00 to $10.00 in a report released on Monday morning,Benzinga reports. They currently have a neutral rating on the stock.

Other equities research analysts have also recently issued research reports about the company. JPMorgan Chase & Co. dropped their target price on Savers Value Village from $10.00 to $9.00 and set a “neutral” rating on the stock in a report on Friday, February 21st. UBS Group dropped their target price on Savers Value Village from $14.00 to $13.00 and set a “buy” rating on the stock in a report on Friday, February 21st. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $11.67.

Savers Value Village Stock Performance

Shares of NYSE SVV opened at $8.02 on Monday. The company has a current ratio of 1.04, a quick ratio of 0.86 and a debt-to-equity ratio of 1.70. The stock has a 50 day simple moving average of $10.54 and a 200-day simple moving average of $10.03. The company has a market cap of $1.28 billion, a PE ratio of 44.56 and a beta of 1.09. Savers Value Village has a 12-month low of $7.67 and a 12-month high of $21.33.

Savers Value Village (NYSE:SVV) last issued its quarterly earnings data on Thursday, February 20th. The company reported $0.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.09 by ($0.04). The business had revenue of $401.99 million for the quarter, compared to analyst estimates of $402.00 million. Savers Value Village had a return on equity of 8.74% and a net margin of 1.89%. On average, equities research analysts forecast that Savers Value Village will post 0.28 EPS for the current year.

Insider Buying and Selling at Savers Value Village

In other Savers Value Village news, General Counsel Richard A. Medway sold 4,800 shares of the company’s stock in a transaction on Tuesday, January 21st. The stock was sold at an average price of $11.48, for a total value of $55,104.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 2.38% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. BNP Paribas Financial Markets bought a new position in shares of Savers Value Village in the fourth quarter valued at $36,000. KLP Kapitalforvaltning AS bought a new position in shares of Savers Value Village in the fourth quarter valued at $57,000. Wexford Capital LP bought a new position in shares of Savers Value Village in the fourth quarter valued at $106,000. Wells Fargo & Company MN increased its holdings in shares of Savers Value Village by 51.7% in the fourth quarter. Wells Fargo & Company MN now owns 10,931 shares of the company’s stock valued at $112,000 after buying an additional 3,725 shares in the last quarter. Finally, AlphaQuest LLC bought a new position in shares of Savers Value Village in the fourth quarter valued at $113,000. 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.