Savers Value Village (NYSE:SVV) Stock Falls 5.8% – Time to Sell?

Savers Value Village, Inc. (NYSE:SVV) shares dropped 5.8% during mid-day trading on Tuesday. The company traded as low as $10.07 and last traded at $9.9970. 48,517 shares were traded during trading, a decline of 96% from the average daily volume of 1,256,858 shares. The stock had previously closed at $10.61.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on SVV. Wall Street Zen upgraded shares of Savers Value Village from a “hold” rating to a “buy” rating in a research report on Saturday, November 7th. Weiss Ratings upgraded shares of Savers Value Village from a “sell (d+)” rating to a “hold (c)” rating in a research report on Monday. BTIG Research reaffirmed a “buy” rating and set a $15.00 target price on shares of Savers Value Village in a research note on Wednesday. Wells Fargo & Company began coverage on shares of Savers Value Village in a research note on Friday, September 18th. They set an “equal weight” rating and a $11.00 target price for the company. Finally, The Goldman Sachs Group reiterated a “neutral” rating and issued a $11.00 price target on shares of Savers Value Village in a report on Friday, August 7th. Four research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $13.29.

Savers Value Village Price Performance

The stock’s 50 day moving average price is $9.53 and its 200-day moving average price is $9.41. The company has a quick ratio of 0.66, a current ratio of 0.67 and a debt-to-equity ratio of 1.39. The stock has a market capitalization of $1.52 billion, a PE ratio of 22.89 and a beta of 1.22.

Savers Value Village (NYSE:SVV) last posted its quarterly earnings results on Thursday, November 5th. The company reported $0.16 EPS for the quarter, topping the consensus estimate of $0.15 by $0.01. Savers Value Village had a net margin of 3.50% and a return on equity of 15.51%. The company had revenue of $463.08 million for the quarter, compared to the consensus estimate of $459.22 million. During the same quarter last year, the firm posted $0.14 EPS. The firm’s revenue was up 8.5% compared to the same quarter last year. As a group, equities analysts forecast that Savers Value Village, Inc. will post 0.39 EPS for the current year.

Insider Activity at Savers Value Village

In other news, Director William T. Allen sold 26,151 shares of the firm’s stock in a transaction that occurred on Wednesday, September 16th. The shares were sold at an average price of $9.22, for a total transaction of $241,112.22. Following the transaction, the director directly owned 28,861 shares of the company’s stock, valued at approximately $266,098.42. This trade represents a 47.54% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 3.46% of the company’s stock.

Institutional Trading of Savers Value Village

Large investors have recently modified their holdings of the company. Ieq Capital LLC lifted its holdings in shares of Savers Value Village by 17.3% in the 3rd quarter. Ieq Capital LLC now owns 115,066 shares of the company’s stock worth $1,060,000 after buying an additional 16,991 shares during the period. Fifth Third Bancorp purchased a new position in shares of Savers Value Village during the third quarter valued at $640,000. Counterpoint Mutual Funds LLC purchased a new position in shares of Savers Value Village during the third quarter valued at $241,000. State of Alaska Department of Revenue purchased a new position in shares of Savers Value Village during the third quarter valued at $76,000. Finally, WoodTrust Financial Corp raised its holdings in shares of Savers Value Village by 21.0% in the third quarter. WoodTrust Financial Corp now owns 37,500 shares of the company’s stock valued at $345,000 after acquiring an additional 6,500 shares in the last quarter. Hedge funds and other institutional investors own 98.78% of the company’s stock.

About Savers Value Village

Savers Value Village Inc. operates a for-profit thrift store business, selling secondhand clothing, accessories, household goods, books and other merchandise. Its stores operate under several banners, including Savers, Value Village, Village des Valeurs, Unique and 2nd Ave. The company sources much of its merchandise through relationships with nonprofit organizations. It purchases donated goods from these partners, then sorts, processes and sells items through its retail stores, helping extend the useful life of donated products while providing revenue to nonprofit partners.