Savers Value Village (NYSE:SVV) Hits New 52-Week Low - Here's Why

Savers Value Village, Inc. (NYSE:SVV - Get Free Report) shares hit a new 52-week low on Wednesday . The company traded as low as $6.48 and last traded at $6.86, with a volume of 1029876 shares trading hands. The stock had previously closed at $7.03.

Analyst Ratings Changes

A number of brokerages have weighed in on SVV. UBS Group decreased their price target on shares of Savers Value Village from $14.00 to $13.00 and set a "buy" rating on the stock in a report on Friday, February 21st. Piper Sandler reduced their target price on shares of Savers Value Village from $11.00 to $10.00 and set a "neutral" rating on the stock in a report on Monday, February 24th. Finally, JPMorgan Chase & Co. dropped their price target on shares of 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 analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat, Savers Value Village presently has a consensus rating of "Moderate Buy" and a consensus price target of $11.67.

Savers Value Village Trading Down 1.7 %

The business's 50 day moving average price is $9.84 and its two-hundred day moving average price is $9.87. The company has a market capitalization of $1.05 billion, a price-to-earnings ratio of 36.80 and a beta of 1.41. The company has a debt-to-equity ratio of 1.70, a quick ratio of 0.86 and a current ratio of 1.04.

Savers Value Village (NYSE:SVV - Get Free Report) last released its earnings results on Thursday, February 20th. The company reported $0.05 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 business had revenue of $401.99 million during the quarter, compared to the consensus estimate of $402.00 million. Equities analysts forecast that Savers Value Village, Inc. will post 0.28 earnings per share for the current fiscal year.

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Insider Activity

In other news, General Counsel Richard A. Medway sold 4,800 shares of the business's stock in a transaction that occurred on 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 document filed with the SEC, which is accessible through this link. Also, insider T. Charles Hunsinger purchased 6,000 shares of the business's stock in a transaction dated Friday, March 7th. The shares were purchased at an average price of $7.25 per share, for a total transaction of $43,500.00. Following the acquisition, the insider now directly owns 14,100 shares of the company's stock, valued at $102,225. This trade represents a 74.07 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 2.38% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the stock. T. Rowe Price Investment Management Inc. increased its stake in Savers Value Village by 49.3% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 5,969,900 shares of the company's stock valued at $61,192,000 after buying an additional 1,970,894 shares during the period. Baillie Gifford & Co. increased its stake in Savers Value Village by 570.0% in the 4th quarter. Baillie Gifford & Co. now owns 3,689,478 shares of the company's stock valued at $37,817,000 after buying an additional 3,138,844 shares during the period. FMR LLC increased its stake in Savers Value Village by 30.8% in the 3rd quarter. FMR LLC now owns 3,437,895 shares of the company's stock valued at $36,167,000 after buying an additional 808,867 shares during the period. Vanguard Group Inc. increased its stake in Savers Value Village by 3.0% in the 4th quarter. Vanguard Group Inc. now owns 2,382,647 shares of the company's stock valued at $24,422,000 after buying an additional 68,316 shares during the period. Finally, Ameriprise Financial Inc. acquired a new position in Savers Value Village in the 4th quarter valued at approximately $11,324,000. 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.