Savers Value Village initiated with an Outperform at William Blair

William Blair analyst Dylan Carden initiated coverage of Savers Value Village (SVV) with an Outperform rating. The firm believes the central value of shares is a 2,000-plus store opportunity in the U.S., up from a current base of just 172, which supports “decades of growth.” Savers Value’s adjusted EBITDA margins are already higher than peers, reinforcing the compounding benefits of its growth and strong competitive position, the analyst tells investors in a research note. The firm says Savers is the only scaled for-profit thrift retailer.