JPMorgan Chase & Co. Cuts Savers Value Village (NYSE:SVV) Price Target to $9.00

Savers Value Village (NYSE:SVV) had its target price cut by investment analysts at JPMorgan Chase & Co. from $10.00 to $9.00 in a research report issued to clients and investors on Friday,Benzinga reports. The firm presently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s target price would suggest a potential downside of 0.08% from the company’s current price.

Separately, Piper Sandler increased their price objective on Savers Value Village from $10.00 to $11.00 and gave the company a “neutral” rating in a research report on Friday, January 17th. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $11.60.

Savers Value Village Price Performance

Shares of SVV stock traded down $2.25 during trading on Friday, hitting $9.01. The company had a trading volume of 692,111 shares, compared to its average volume of 538,398. The company has a quick ratio of 0.86, a current ratio of 1.04 and a debt-to-equity ratio of 1.70. Savers Value Village has a 52 week low of $7.78 and a 52 week high of $21.33. The stock has a market capitalization of $1.44 billion, a price-to-earnings ratio of 19.55 and a beta of 1.09. The stock’s 50-day moving average is $10.68 and its two-hundred day moving average is $10.07.

Savers Value Village (NYSE:SVV) last posted its quarterly earnings data on Thursday, February 20th. The company reported $0.05 earnings per share for the quarter, missing the consensus estimate of $0.09 by ($0.04). Savers Value Village had a net margin of 4.93% and a return on equity of 9.11%. The company had revenue of $401.99 million for the quarter, compared to analysts’ expectations of $402.00 million. As a group, analysts predict that Savers Value Village will post 0.28 EPS for the current fiscal year.

Insider Activity

In other Savers Value Village news, General Counsel Richard A. Medway sold 4,800 shares of Savers Value Village stock in a transaction that occurred on Tuesday, January 21st. The stock was sold at an average price of $11.48, for a total value of $55,104.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 2.38% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Aigen Investment Management LP increased its position in shares of Savers Value Village by 11.2% in the fourth quarter. Aigen Investment Management LP now owns 17,175 shares of the company’s stock valued at $176,000 after acquiring an additional 1,726 shares during the period. American Century Companies Inc. increased its holdings in Savers Value Village by 15.6% during the 4th quarter. American Century Companies Inc. now owns 15,410 shares of the company’s stock valued at $158,000 after purchasing an additional 2,085 shares during the period. BNP Paribas Financial Markets bought a new stake in shares of Savers Value Village in the 4th quarter worth approximately $36,000. Wells Fargo & Company MN increased its stake in shares of Savers Value Village by 51.7% during 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 during the period. Finally, Hsbc Holdings PLC raised its holdings in shares of Savers Value Village by 12.6% during the fourth quarter. Hsbc Holdings PLC now owns 39,883 shares of the company’s stock valued at $410,000 after acquiring an additional 4,454 shares in the last quarter. 98.78% of the stock is owned by hedge funds and other institutional investors.

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.