Short Interest in Savers Value Village, Inc. (NYSE:SVV) Drops By 12.1%

Savers Value Village, Inc. (NYSE:SVV - Get Free Report) saw a large decline in short interest during the month of February. As of February 15th, there was short interest totalling 5,810,000 shares, a decline of 12.1% from the January 31st total of 6,610,000 shares. Based on an average trading volume of 614,300 shares, the short-interest ratio is presently 9.5 days. Approximately 23.1% of the shares of the stock are sold short.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the stock. UBS Group decreased their price target on shares of Savers Value Village from $14.00 to $13.00 and set a "buy" rating for the company in a research note on Friday, February 21st. Piper Sandler lowered their target price on Savers Value Village from $11.00 to $10.00 and set a "neutral" rating for the company in a report on Monday, February 24th. Finally, JPMorgan Chase & Co. cut their price target on Savers Value Village from $10.00 to $9.00 and set a "neutral" rating on the stock in a research note on Friday, February 21st. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $11.67.

Savers Value Village Price Performance

SVV stock traded down $0.09 during mid-day trading on Monday, reaching $7.03. The company's stock had a trading volume of 667,410 shares, compared to its average volume of 721,024. The stock has a market cap of $1.11 billion, a PE ratio of 39.03 and a beta of 1.41. The company's 50 day moving average is $10.10 and its two-hundred day moving average is $9.95. Savers Value Village has a fifty-two week low of $6.56 and a fifty-two week high of $19.98. The company has a current ratio of 1.04, a quick ratio of 0.86 and a debt-to-equity ratio of 1.70.

Remove Ads

Savers Value Village (NYSE:SVV - Get Free Report) last posted its quarterly earnings data on Thursday, February 20th. The company reported $0.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.09 by ($0.04). The firm had revenue of $401.99 million during the quarter, compared to analysts' expectations of $402.00 million. Savers Value Village had a net margin of 1.89% and a return on equity of 8.74%. Equities research analysts expect that Savers Value Village will post 0.28 EPS for the current year.

Insider Buying and Selling at Savers Value Village

In other news, General Counsel Richard A. Medway sold 4,800 shares of Savers Value Village stock in a transaction dated Tuesday, January 21st. The stock was sold at an average price of $11.48, for a total value of $55,104.00. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. 2.38% of the stock is currently owned by insiders.

Institutional Trading of Savers Value Village

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in Savers Value Village during the 4th quarter worth approximately $1,986,000. Wexford Capital LP purchased a new position in shares of Savers Value Village during the fourth quarter worth approximately $106,000. Nuveen Asset Management LLC increased its holdings in shares of Savers Value Village by 56.8% in the 4th quarter. Nuveen Asset Management LLC now owns 107,270 shares of the company's stock valued at $1,100,000 after acquiring an additional 38,856 shares during the period. Janus Henderson Group PLC purchased a new stake in Savers Value Village in the 4th quarter valued at $128,000. Finally, Cubist Systematic Strategies LLC purchased a new stake in Savers Value Village in the 4th quarter valued at $183,000. Institutional investors and hedge funds own 98.78% of the company's stock.

Savers Value Village Company Profile

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.