Savers Value Village (NYSE:SVV) Lowered to Neutral at JPMorgan Chase & Co.

Savers Value Village (NYSE:SVV – Get Free Report) was downgraded by stock analysts at JPMorgan Chase & Co. from an “overweight” rating to a “neutral” rating in a research note issued on Monday, MarketBeat reports. They currently have a $12.00 price target on the stock, down from their prior price target of $21.00. JPMorgan Chase & Co.’s target price suggests a potential upside of 2.92% from the company’s current price.

A number of other brokerages have also recently commented on SVV. Robert W. Baird lowered their price target on Savers Value Village from $23.00 to $21.00 and set an “outperform” rating for the company in a research report on Friday, May 10th. Piper Sandler lowered their price target on Savers Value Village from $24.00 to $19.00 and set an “overweight” rating for the company in a research report on Friday, May 10th. Finally, Loop Capital decreased their price objective on Savers Value Village from $25.00 to $23.00 and set a “buy” rating for the company in a report on Monday, May 13th. One analyst has rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $23.67.

Check Out Our Latest Report on SVV

Savers Value Village Stock Up 0.6%

Savers Value Village stock opened at $11.66 on Monday. The company has a debt-to-equity ratio of 1.86, a current ratio of 0.99 and a quick ratio of 0.83. The stock has a market capitalization of $1.89 billion and a price-to-earnings ratio of 28.44. Savers Value Village has a 1-year low of $10.16 and a 1-year high of $26.88. The business has a fifty-day moving average price of $12.55 and a 200-day moving average price of $16.25.

Savers Value Village (NYSE:SVV – Get Free Report) last issued its quarterly earnings results on Thursday, May 9th. The company reported ($0.01) EPS for the quarter, missing analysts’ consensus estimates 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 company had revenue of $354.17 million for the quarter, compared to analyst estimates of $354.88 million. Equities research analysts forecast that Savers Value Village will post 0.53 EPS for the current fiscal year.

Hedge Funds Weigh In On Savers Value Village

Institutional investors and hedge funds have recently modified their holdings of the business. Norges Bank purchased a new position in shares of Savers Value Village in the 4th quarter valued at about $25,076,000. SG Americas Securities LLC purchased a new position in shares of Savers Value Village in the 4th quarter valued at about $937,000. Alberta Investment Management Corp increased its stake in shares of Savers Value Village by 345.3% in the 4th quarter. Alberta Investment Management Corp now owns 206,564 shares of the company’s stock valued at $3,590,000 after purchasing an additional 160,176 shares in the last quarter. Lighthouse Investment Partners LLC purchased a new stake in Savers Value Village during the 4th quarter worth approximately $2,607,000. Finally, Vanguard Group Inc. increased its stake in Savers Value Village by 1,264.2% during the 3rd quarter. Vanguard Group Inc. now owns 2,250,983 shares of the company’s stock worth $42,026,000 after buying an additional 2,085,983 shares in the last quarter. Hedge funds and other institutional investors own 98.78% of the company’s stock.

Savers Value Village Company Profile

(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.

Savers Value Village Stock Up 0.6%

Hedge Funds Weigh In On Savers Value Village

Savers Value Village Company Profile

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