Savers Value Village (NYSE:SVV) Shares Down 8.2% After Analyst Downgrade

Savers Value Village, Inc. (NYSE:SVV - Get Free Report)'s share price fell 8.2% during trading on Monday 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 $8.30 and last traded at $8.33. 606,213 shares traded hands during mid-day trading, a decline of 2% from the average session volume of 616,554 shares. The stock had previously closed at $9.07.

Other analysts have also recently issued research reports about the company. JPMorgan Chase & Co. dropped their price objective on 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 objective 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. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $11.67.

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 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 can be accessed through this link. Company insiders own 2.38% of the company's stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the stock. Aigen Investment Management LP lifted its holdings in 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. grew its stake in Savers Value Village by 15.6% during the 4th quarter. American Century Companies Inc. now owns 15,410 shares of the company's stock valued at $158,000 after purchasing an additional 2,085 shares in the last quarter. BNP Paribas Financial Markets acquired a new position in shares of Savers Value Village in the 4th quarter valued at approximately $36,000. Wells Fargo & Company MN grew its position in shares of 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 buying an additional 3,725 shares in the last quarter. Finally, Hsbc Holdings PLC increased its stake in shares of Savers Value Village by 12.6% in the fourth quarter. Hsbc Holdings PLC now owns 39,883 shares of the company's stock worth $410,000 after buying an additional 4,454 shares during the last quarter. Institutional investors and hedge funds own 98.78% of the company's stock.

Savers Value Village Stock Down 1.4 %

The stock has a market capitalization of $1.27 billion, a price-to-earnings ratio of 44.03 and a beta of 1.09. 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 firm's fifty day moving average is $10.54 and its 200-day moving average is $10.03.

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 firm had revenue of $401.99 million for the quarter, compared to the consensus estimate of $402.00 million. On average, sell-side analysts predict that Savers Value Village, Inc. will post 0.28 earnings per share 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.