Savers Value Village (NYSE:SVV) Trading Down 5.9% – What’s Next?

Savers Value Village, Inc. (NYSE:SVV) shares fell 5.9% on Tuesday . The company traded as low as $6.62 and last traded at $6.62. 23,496 shares traded hands 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 topic of several research analyst reports. Piper Sandler reduced their price objective on Savers Value Village from $11.00 to $10.00 and set a “neutral” rating on the stock in a research note on Monday, February 24th. JPMorgan Chase & Co. lowered their price objective on Savers Value Village from $10.00 to $9.00 and set a “neutral” rating for the company in a research note on Friday, February 21st. Finally, UBS Group dropped their target price on shares of Savers Value Village from $14.00 to $13.00 and set a “buy” rating for the company in a research report on Friday, February 21st. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $11.67.

Savers Value Village Price Performance

The stock has a market capitalization of $1.08 billion, a P/E ratio of 37.59 and a beta of 1.41. The company has a 50 day moving average of $10.04 and a 200-day moving average of $9.93. The company has a quick ratio of 0.86, a current ratio of 1.04 and a debt-to-equity ratio of 1.70.

Savers Value Village (NYSE:SVV) last posted its quarterly earnings results on Thursday, February 20th. The company reported $0.05 earnings per share (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 business had revenue of $401.99 million during the quarter, compared to the consensus estimate of $402.00 million. Sell-side analysts predict that Savers Value Village, Inc. will post 0.28 EPS for the current year.

Insider Transactions at Savers Value Village

In other Savers Value Village 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 sale was disclosed in a document filed with the SEC, which is available through this link. Insiders own 2.38% of the company’s stock.

Hedge Funds Weigh In On Savers Value Village

Several institutional investors have recently modified their holdings of the company. GSA Capital Partners LLP acquired a new position in Savers Value Village during the 3rd quarter valued at about $248,000. Baillie Gifford & Co. raised its holdings in shares of Savers Value Village by 34.8% during the third quarter. Baillie Gifford & Co. now owns 550,634 shares of the company’s stock valued at $5,793,000 after buying an additional 142,101 shares during the last quarter. Aigen Investment Management LP grew its holdings in Savers Value Village by 29.0% in the 3rd quarter. Aigen Investment Management LP now owns 15,449 shares of the company’s stock worth $163,000 after buying an additional 3,477 shares in the last quarter. Primecap Management Co. CA acquired a new position in shares of Savers Value Village during the third quarter valued at $651,000. Finally, Charles Schwab Investment Management Inc. raised its stake in shares of Savers Value Village by 13.5% during the third quarter. Charles Schwab Investment Management Inc. now owns 207,785 shares of the company’s stock valued at $2,186,000 after purchasing an additional 24,746 shares in the last quarter. Institutional investors own 98.78% of the company’s stock.

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.