Savers Value Village (NYSE:SVV) PT Lowered to $14.00 at The Goldman Sachs Group

Savers Value Village (NYSE:SVV) had its price objective cut by The Goldman Sachs Group from $22.00 to $14.00 in a report published on Thursday morning, Benzinga reports. They currently have a buy rating on the stock.

SVV has been the topic of several other reports. Robert W. Baird cut their target price on shares of Savers Value Village from $23.00 to $21.00 and set an outperform rating on the stock in a research note on Friday, May 10th. Piper Sandler lowered their price target on shares of Savers Value Village from $18.00 to $13.00 and set an overweight rating for the company in a report on Wednesday. Loop Capital lowered their target price on shares of Savers Value Village from $25.00 to $23.00 and set a buy rating for the company in a report on Monday, May 13th. Finally, JPMorgan Chase & Co. cut shares of Savers Value Village from an overweight rating to a neutral rating and lowered their target price for the company from $21.00 to $12.00 in a report on Monday. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, Savers Value Village presently has an average rating of Moderate Buy and an average target price of $16.60.

Savers Value Village Price Performance

Shares of SVV opened at $10.12 on Thursday. Savers Value Village has a fifty-two week low of $9.24 and a fifty-two week high of $26.88. The firm’s 50 day moving average price is $12.31 and its 200 day moving average price is $16.11. The company has a market cap of $1.64 billion and a P/E ratio of 24.67. The company has a quick ratio of 0.83, a current ratio of 0.99 and a debt-to-equity ratio of 1.86.

Savers Value Village (NYSE:SVV) last announced its earnings results on Thursday, May 9th. The company reported ($0.01) earnings per share for the quarter, missing the consensus estimate of $0.06 by ($0.07). Savers Value Village had a return on equity of 12.18% and a net margin of 4.17%. The business had revenue of $354.17 million for the quarter, compared to analysts’ expectations of $354.88 million. On average, research analysts forecast that Savers Value Village will post 0.49 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of SVV. Parallel Advisors LLC acquired a new stake in shares of Savers Value Village in the 4th quarter worth $36,000. Tower Research Capital LLC TRC increased its holdings in Savers Value Village by 49.9% during the 4th quarter. Tower Research Capital LLC TRC now owns 4,508 shares of the company’s stock valued at $78,000 after acquiring an additional 1,500 shares in the last quarter. Citigroup Inc. purchased a new position in Savers Value Village during the 3rd quarter valued at about $92,000. Zevenbergen Capital Investments LLC purchased a new stake in shares of Savers Value Village during the fourth quarter worth about $193,000. Finally, Mount Yale Investment Advisors LLC purchased a new stake in shares of Savers Value Village during the first quarter worth about $193,000. 98.78% of the stock is owned by hedge funds and other institutional investors.

Savers Value Village Company Profile

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.