Jefferies analyst Randal Konik has maintained their bullish stance on SVV stock, giving a Buy rating on May 13.
Randal Konik has given his Buy rating due to a combination of factors reflecting Savers Value Village Inc.’s promising strategies and market positioning. Konik’s optimism is rooted in the company’s demonstrated capacity for long-term growth and its adeptness in handling the challenging Canadian economic environment. Discussions that Konik had with the management highlighted the new CFO’s readiness to contribute significantly to the company, the expected ease of macro pressures in Canada during the second half of the year, and a robust U.S. performance aligning with forecasts.
Konik’s positive outlook is further buoyed by Savers Value Village’s solid supply chain, which is poised to support both new and recently acquired stores, and by the strong visibility of unit growth, with the company on track to meet its store opening goals for 2024. The combination of these elements, including the company’s attractive valuation at approximately nine times forward EBITDA and its ample growth prospects, underpins Konik’s Buy rating for SVV stock.
According to TipRanks, Konik is a 4-star analyst with an average return of 2.7% and a 48.20% success rate. Konik covers the Consumer Cyclical sector, focusing on stocks such as Lululemon Athletica, Topgolf Callaway Brands, and Five Below.
In another report released on May 13, Loop Capital Markets also maintained a Buy rating on the stock with a $23.00 price target.
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Savers Value Village Inc. (SVV) Company Description:
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, Village des Valeurs, Unique, and 2nd Avenue banners. The company purchases secondhand textiles, including clothing, bedding, and bath items; shoes; accessories; housewares; books; and other goods from non-profit partners, then processes, selects, prices, merchandises, and sells them in its stores. It serves retail and wholesale customers. The company was formerly known as S-Evergreen Holding LLC and changed its name to Savers Value Village, Inc. in January 2022. The company was founded in 1954 and is based in Bellevue, Washington.
