Savers Value Village (NYSE:SVV) Research Coverage Started at Craig Hallum

Craig Hallum assumed coverage on shares of Savers Value Village (NYSE:SVV) in a report released on Monday, MarketBeat reports. The firm issued a buy rating and a $19.00 price target on the stock.

A number of other equities research analysts have also recently commented on SVV. Wall Street Zen cut shares of Savers Value Village from a “buy” rating to a “hold” rating in a research report on Saturday, November 8th. UBS Group boosted their price target on shares of Savers Value Village from $13.00 to $16.00 and gave the stock a “buy” rating in a research report on Friday, October 31st. Weiss Ratings reiterated a “sell (d)” rating on shares of Savers Value Village in a report on Monday, December 29th. Finally, BTIG Research assumed coverage on shares of Savers Value Village in a research note on Tuesday, October 14th. They issued a “buy” rating and a $18.00 target price on the stock. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $14.43.

Savers Value Village Stock Performance

NYSE SVV opened at $10.36 on Monday. The company has a debt-to-equity ratio of 1.76, a current ratio of 0.81 and a quick ratio of 0.61. The stock’s 50 day simple moving average is $9.56 and its 200-day simple moving average is $10.79. The company has a market cap of $1.62 billion, a PE ratio of -1,035.36 and a beta of 0.98. Savers Value Village has a 1-year low of $6.48 and a 1-year high of $13.89.

Savers Value Village (NYSE:SVV) last posted its quarterly earnings data on Thursday, October 30th. The company reported $0.14 EPS for the quarter, meeting the consensus estimate of $0.14. Savers Value Village had a positive return on equity of 9.18% and a negative net margin of 0.11%.The firm had revenue of $426.94 million during the quarter, compared to the consensus estimate of $427.58 million. During the same period in the prior year, the company earned $0.15 EPS. The firm’s revenue was up 8.1% compared to the same quarter last year. As a group, equities research analysts anticipate that Savers Value Village will post 0.28 EPS for the current fiscal year.

Insider Activity at Savers Value Village

In other news, COO Jubran N. Tanious sold 57,706 shares of the company’s stock in a transaction on Thursday, December 18th. The stock was sold at an average price of $9.21, for a total value of $531,472.26. Following the transaction, the chief operating officer owned 99,712 shares of the company’s stock, valued at $918,347.52. This represents a 36.66% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 3.09% of the stock is currently owned by company insiders.

Institutional Trading of Savers Value Village

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Caitong International Asset Management Co. Ltd boosted its stake in Savers Value Village by 281.8% during the third quarter. Caitong International Asset Management Co. Ltd now owns 1,909 shares of the company’s stock worth $25,000 after buying an additional 1,409 shares during the period. Sandia Investment Management LP acquired a new position in shares of Savers Value Village in the 2nd quarter worth approximately $51,000. Lazard Asset Management LLC acquired a new position in shares of Savers Value Village in the 2nd quarter worth approximately $57,000. Savant Capital LLC purchased a new position in shares of Savers Value Village during the 2nd quarter worth approximately $104,000. Finally, State of Alaska Department of Revenue purchased a new position in shares of Savers Value Village during the 3rd quarter worth approximately $107,000. 98.78% of the stock is currently owned by hedge funds and other institutional investors.

About Savers Value Village

Savers Value Village, Inc (NYSE: SVV) is a publicly traded thrift retailer that operates a network of donation-based retail stores. Headquartered in Bellevue, Washington, the company specializes in selling second-hand apparel, footwear, household items, accessories and other pre-owned goods. Through its retail stores, SVV offers value-conscious shoppers the opportunity to purchase quality, gently used merchandise at affordable prices.

At the heart of the company’s model is a partnership network with more than 500 nonprofit organizations across North America.