Savers Value Village (NYSE:SVV) Hits New 1-Year Low - What's Next?

Shares of Savers Value Village, Inc. (NYSE:SVV - Get Free Report) hit a new 52-week low during mid-day trading on Monday . The stock traded as low as $7.34 and last traded at $7.30, with a volume of 87955 shares trading hands. The stock had previously closed at $7.48.

Analyst Upgrades and Downgrades

A number of research firms recently commented on SVV. JPMorgan Chase & Co. lowered their price objective on shares of Savers Value Village from $10.00 to $9.00 and set a "neutral" rating for the company in a research report on Friday, February 21st. UBS Group dropped their price target on Savers Value Village from $14.00 to $13.00 and set a "buy" rating on the stock in a research report on Friday, February 21st. Finally, Piper Sandler cut their price objective on Savers Value Village from $11.00 to $10.00 and set a "neutral" rating on the stock in a report on Monday, February 24th. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $11.67.

Savers Value Village Stock Down 8.2 %

The company has a debt-to-equity ratio of 1.70, a current ratio of 1.04 and a quick ratio of 0.86. The company has a market capitalization of $1.09 billion, a price-to-earnings ratio of 38.17 and a beta of 1.09. The firm has a 50-day moving average price of $10.44 and a two-hundred day moving average price of $10.03.

Savers Value Village (NYSE:SVV - Get Free Report) last released its quarterly earnings results on Thursday, February 20th. The company reported $0.05 earnings per share for the quarter, missing analysts' consensus estimates of $0.09 by ($0.04). Savers Value Village had a return on equity of 8.74% and a net margin of 1.89%. The firm had revenue of $401.99 million for the quarter, compared to analyst estimates of $402.00 million. As a group, sell-side analysts anticipate that Savers Value Village, Inc. will post 0.28 earnings per share for the current fiscal year.

Insider Buying and Selling at Savers Value Village

In other news, General Counsel Richard A. Medway sold 4,800 shares of the stock in a transaction dated Tuesday, January 21st. The shares were sold at an average price of $11.48, for a total transaction of $55,104.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 2.38% of the company's stock.

Institutional Trading of Savers Value Village

Several institutional investors and hedge funds have recently bought and sold shares of the stock. BNP Paribas Financial Markets acquired a new position in shares of Savers Value Village during the 4th quarter worth approximately $36,000. KLP Kapitalforvaltning AS bought a new position in shares of Savers Value Village in the fourth quarter valued at $57,000. Wexford Capital LP acquired a new position in Savers Value Village during the fourth quarter worth $106,000. Wells Fargo & Company MN raised its position in Savers Value Village by 51.7% during the fourth quarter. Wells Fargo & Company MN now owns 10,931 shares of the company's stock worth $112,000 after acquiring an additional 3,725 shares in the last quarter. Finally, AlphaQuest LLC acquired a new stake in Savers Value Village in the fourth quarter valued at $113,000. Institutional investors 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.