Savers Value Village (NYSE:SVV) Sets New 1-Year Low - Here's Why

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

Analyst Ratings Changes

SVV has been the topic of a number of research reports. 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 note on Friday, February 21st. JPMorgan Chase & Co. lowered their target price on shares of Savers Value Village from $10.00 to $9.00 and set a "neutral" rating on the stock in a research report on Friday, February 21st. Finally, Piper Sandler cut 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. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $11.67.

Savers Value Village Stock Performance

The company has a quick ratio of 0.86, a current ratio of 1.04 and a debt-to-equity ratio of 1.70. The stock has a fifty day moving average price of $10.04 and a 200-day moving average price of $9.93. The firm has a market cap of $1.09 billion, a price-to-earnings ratio of 38.09 and a beta of 1.41.

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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 for the quarter, missing analysts' consensus estimates 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%. On average, analysts expect that Savers Value Village, Inc. will post 0.28 earnings per share for the current fiscal year.

Insider Transactions at Savers Value Village

In other Savers Value Village 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 stock was sold at an average price of $11.48, for a total transaction of $55,104.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider T. Charles Hunsinger bought 6,000 shares of the business's stock in a transaction dated Friday, March 7th. The shares were acquired at an average cost of $7.25 per share, with a total value of $43,500.00. Following the completion of the purchase, the insider now owns 14,100 shares in the company, valued at approximately $102,225. This represents a 74.07 % increase in their position. The disclosure for this purchase can be found here. Company insiders own 2.38% of the company's stock.

Institutional Investors Weigh In On Savers Value Village

Several institutional investors have recently made changes to their positions in the stock. BNP Paribas Financial Markets acquired a new stake in shares of Savers Value Village in the fourth quarter valued at about $36,000. KLP Kapitalforvaltning AS acquired a new stake in shares of Savers Value Village during the 4th quarter valued at approximately $57,000. Wexford Capital LP acquired a new stake in shares of Savers Value Village during the 4th quarter valued at approximately $106,000. Wells Fargo & Company MN boosted its stake 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 worth $112,000 after acquiring an additional 3,725 shares in the last quarter. Finally, AlphaQuest LLC acquired a new stake in shares of Savers Value Village in the 4th quarter worth approximately $113,000. 98.78% of the stock is currently owned by hedge funds and other institutional investors.

About Savers Value Village

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.

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