Savers Value Village (NYSE:SVV) Shares Gap Down Following Weak Earnings

Savers Value Village, Inc. (NYSE:SVV - Get Free Report)'s stock price gapped down prior to trading on Friday following a weaker than expected earnings announcement. The stock had previously closed at $11.26, but opened at $10.38. Savers Value Village shares last traded at $9.39, with a volume of 507,887 shares.

The company reported $0.05 earnings per share for the quarter, missing the consensus estimate of $0.09 by ($0.04). Savers Value Village had a net margin of 1.89% and a return on equity of 8.74%. The company had revenue of $401.99 million for the quarter, compared to the consensus estimate of $402.00 million.

Wall Street Analyst Weigh In

Several research analysts have commented on the stock. Piper Sandler cut their price target on shares of Savers Value Village from $11.00 to $10.00 and set a "neutral" rating for the company in a report on Monday. UBS Group dropped their price objective on Savers Value Village from $14.00 to $13.00 and set a "buy" rating for the company in a research note on Friday. Finally, JPMorgan Chase & Co. decreased their target price on Savers Value Village from $10.00 to $9.00 and set a "neutral" rating on the stock in a research note on Friday. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $11.67.

Insider Transactions at Savers Value Village

In related news, General Counsel Richard A. Medway sold 4,800 shares of the stock in a transaction on Tuesday, January 21st. The stock was sold at an average price of $11.48, for a total value of $55,104.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 2.38% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Savers Value Village

A number of hedge funds and other institutional investors have recently modified their holdings of SVV. BNP Paribas Financial Markets purchased a new position in shares of Savers Value Village during the 4th quarter valued at about $36,000. KLP Kapitalforvaltning AS purchased a new position in shares of Savers Value Village during the fourth quarter worth approximately $57,000. Wexford Capital LP bought a new stake in shares of Savers Value Village in the 4th quarter worth approximately $106,000. Wells Fargo & Company MN boosted its stake in shares of Savers Value Village by 51.7% in 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, AlphaQuest LLC bought a new position in shares of Savers Value Village during the 4th quarter valued at $113,000. 98.78% of the stock is currently owned by hedge funds and other institutional investors.

Savers Value Village Stock Performance

The company has a market cap of $1.26 billion, a P/E ratio of 43.92 and a beta of 1.09. The company's fifty day moving average is $10.63 and its 200 day moving average is $10.05. 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 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.