Savers Value Village (NYSE:SVV) Sets New 1-Year Low Following Analyst Downgrade

Shares of Savers Value Village, Inc. (NYSE:SVV - Get Free Report) reached a new 52-week low on Tuesday after Piper Sandler lowered their price target on the stock from $11.00 to $10.00. Piper Sandler currently has a neutral rating on the stock. Savers Value Village traded as low as $7.75 and last traded at $7.82, with a volume of 1537194 shares trading hands. The stock had previously closed at $9.07.

SVV has been the topic of several other research reports. UBS Group dropped their price objective on shares of Savers Value Village from $14.00 to $13.00 and set a "buy" rating on the stock in a research note on Friday, February 21st. JPMorgan Chase & Co. lowered their target price on Savers Value Village from $10.00 to $9.00 and set a "neutral" rating for the company in a report on Friday, February 21st. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $11.67.

Insider Activity at Savers Value Village

In related news, General Counsel Richard A. Medway sold 4,800 shares of the stock in a transaction that occurred on 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 document filed with the Securities & Exchange Commission, which is available through the SEC website. 2.38% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Savers Value Village

A number of institutional investors have recently added to or reduced their stakes in the company. Aigen Investment Management LP raised its stake in shares of Savers Value Village by 11.2% in the 4th quarter. Aigen Investment Management LP now owns 17,175 shares of the company's stock worth $176,000 after buying an additional 1,726 shares in the last quarter. American Century Companies Inc. raised its position in Savers Value Village by 15.6% in the fourth quarter. American Century Companies Inc. now owns 15,410 shares of the company's stock worth $158,000 after acquiring an additional 2,085 shares in the last quarter. BNP Paribas Financial Markets acquired a new stake in Savers Value Village in the 4th quarter valued at about $36,000. Wells Fargo & Company MN boosted its position in shares of Savers Value Village by 51.7% during the 4th quarter. Wells Fargo & Company MN now owns 10,931 shares of the company's stock valued at $112,000 after purchasing an additional 3,725 shares in the last quarter. Finally, Hsbc Holdings PLC grew its stake in shares of Savers Value Village by 12.6% in the 4th quarter. Hsbc Holdings PLC now owns 39,883 shares of the company's stock worth $410,000 after purchasing an additional 4,454 shares during the last quarter. 98.78% of the stock is currently owned by institutional investors and hedge funds.

Savers Value Village Price Performance

The firm has a market capitalization of $1.20 billion, a P/E ratio of 41.67 and a beta of 1.09. The business's fifty day moving average is $10.50 and its 200 day moving average is $10.02. The company has a current ratio of 1.04, a quick ratio of 0.86 and a debt-to-equity ratio of 1.70.

Savers Value Village (NYSE:SVV - Get Free Report) last announced its earnings results on Thursday, February 20th. The company reported $0.05 earnings per share (EPS) 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 company had revenue of $401.99 million for the quarter, compared to analyst estimates of $402.00 million. As a group, analysts forecast that Savers Value Village, Inc. will post 0.28 EPS for the current year.

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.