William Blair analyst Dylan Carden has maintained their bullish stance on SVV stock, giving a Buy rating on December 10.
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Dylan Carden has given his Buy rating due to a combination of factors that highlight the potential growth and strategic positioning of Savers Value Village Inc. Despite recent challenges in the Canadian market, the U.S. operations have shown solid performance, and there is optimism for improvement in Canadian trends by 2026. This improvement is expected to stabilize margins and support growth as the U.S. business continues to mature with an expanding store fleet.
Furthermore, Savers is well-positioned within the resale industry, benefiting from consumer trends favoring value and sustainability. The company is attracting a more affluent and younger customer base, particularly in the U.S., which aligns with broader adoption of thrift shopping. Savers’ unique market position, characterized by its $5 average unit retail and rapid inventory turnover, provides a competitive advantage. Management’s commitment to expanding the store network, with plans to open approximately 25 new locations annually, underscores the company’s growth potential and supports the Buy rating.
In another report released on December 10, Northland Securities also maintained a Buy rating on the stock with a $14.50 price target.