Savers Value Village (NYSE:SVV) Trading Down 5.9% - Here's Why

Savers Value Village, Inc. (NYSE:SVV - Get Free Report)'s stock price fell 5.9% during mid-day trading on Tuesday . The company traded as low as $6.62 and last traded at $6.62. 23,496 shares were traded during mid-day trading, a decline of 97% from the average session volume of 718,278 shares. The stock had previously closed at $7.03.

Wall Street Analyst Weigh In

SVV has been the subject of several recent analyst reports. UBS Group cut their target price on 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. JPMorgan Chase & Co. reduced their price objective on 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. Finally, Piper Sandler lowered their target price on Savers Value Village from $11.00 to $10.00 and set a "neutral" rating for the company in a research note on Monday, February 24th. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat, Savers Value Village presently has an average rating of "Moderate Buy" and a consensus price target of $11.67.

Savers Value Village Trading Down 1.7 %

The business has a fifty day simple moving average of $9.77 and a 200-day simple moving average of $9.85. The firm has a market cap 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.

Remove Ads

Savers Value Village (NYSE:SVV - Get Free Report) last released its quarterly earnings data on Thursday, February 20th. The company reported $0.05 earnings per share (EPS) 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 firm had revenue of $401.99 million during the quarter, compared to analyst estimates of $402.00 million. As a group, equities analysts forecast 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 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 value of $55,104.00. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider T. Charles Hunsinger acquired 6,000 shares of the firm's stock in a transaction dated Friday, March 7th. The shares were purchased at an average price of $7.25 per share, with a total value of $43,500.00. Following the completion of the transaction, the insider now 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 Investors Weigh In On Savers Value Village

Several institutional investors and hedge funds have recently made changes to their positions in SVV. GSA Capital Partners LLP acquired a new position in Savers Value Village in the third quarter valued at approximately $248,000. Aigen Investment Management LP boosted its holdings in Savers Value Village by 29.0% in the third quarter. Aigen Investment Management LP now owns 15,449 shares of the company's stock worth $163,000 after acquiring an additional 3,477 shares in the last quarter. Primecap Management Co. CA bought a new position in Savers Value Village in the third quarter worth approximately $651,000. Charles Schwab Investment Management Inc. grew its stake in Savers Value Village by 13.5% in the third quarter. Charles Schwab Investment Management Inc. now owns 207,785 shares of the company's stock valued at $2,186,000 after acquiring an additional 24,746 shares during the period. Finally, FMR LLC increased its holdings in shares of Savers Value Village by 30.8% during the third quarter. FMR LLC now owns 3,437,895 shares of the company's stock valued at $36,167,000 after acquiring an additional 808,867 shares in the last quarter. Institutional investors 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.