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Investing.com - BTIG initiated coverage on Savers Value Village Inc (NYSE:SVV) with a Buy rating and a price target of $18.00 on Tuesday. The stock, currently trading at $13.32, has shown strong momentum with a 42% gain over the past six months and is approaching its 52-week high of $13.89.
The research firm cited the company’s "compelling" long-term growth opportunity as a key factor in its positive outlook for the thrift store operator.
BTIG also noted it was "encouraged by a recovery in sales trends underway" at Savers Value Village , which operates secondhand retail stores across the United States and Canada.
The firm established adjusted diluted earnings per share estimates of $0.45 for fiscal year 2025 and $0.55 for fiscal year 2026.
Savers Value Village, which went public in 2023, operates a chain of thrift stores that sell donated clothing, accessories, and household goods.
In other recent news, Savers Value Village Inc. announced its second-quarter earnings for 2025, reporting a notable miss in its earnings per share (EPS) compared to market expectations. The company posted an EPS of $0.12, which fell short of the projected $0.24, representing a 50% negative surprise. Despite this earnings miss, the company achieved a revenue of $417.2 million for the quarter, reflecting a 7.9% increase year-over-year. This revenue growth indicates positive momentum in sales, even as the earnings did not meet forecasts. The company’s recent financial results have drawn attention from investors and analysts alike. These developments highlight the importance of closely monitoring Savers Value Village’s financial performance in the upcoming quarters.
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