Savers Value Village (NYSE:SVV) Shares Down 5.8% – Here’s What Happened

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

Analyst Upgrades and Downgrades

Several brokerages have weighed in on SVV. Weiss Ratings raised Savers Value Village from a “sell (d)” rating to a “sell (d+)” rating in a report on Wednesday, September 2nd. The Goldman Sachs Group reiterated a “neutral” rating and set a $11.00 price objective on shares of Savers Value Village in a research note on Friday, August 7th. Piper Sandler increased their price objective on Savers Value Village from $10.00 to $11.00 and gave the stock a “neutral” rating in a report on Friday, August 7th. Wall Street Zen raised Savers Value Village from a “hold” rating to a “buy” rating in a report on Saturday. Finally, JPMorgan Chase & Co. increased their price target on shares of Savers Value Village from $11.00 to $14.00 and gave the stock a “neutral” rating in a report on Friday, August 7th. Four equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $13.29.

Savers Value Village Stock Down 5.0%

The company has a market cap of $1.55 billion, a P/E ratio of 25.21 and a beta of 1.22. The company has a 50 day moving average of $9.54 and a 200-day moving average of $9.41. The company has a debt-to-equity ratio of 1.59, a current ratio of 0.84 and a quick ratio of 0.66.

Savers Value Village (NYSE:SVV) last announced its earnings results on Thursday, November 5th. The company reported $0.16 earnings per share for the quarter, topping analysts’ consensus estimates of $0.15 by $0.01. The business had revenue of $463.08 million for the quarter, compared to analyst estimates of $459.22 million. Savers Value Village had a return on equity of 14.58% and a net margin of 1.42%. The company’s quarterly revenue was up 8.5% compared to the same quarter last year. During the same period in the prior year, the company earned $0.14 EPS. On average, equities analysts predict that Savers Value Village, Inc. will post 0.39 earnings per share for the current year.

Insider Transactions at Savers Value Village

In other Savers Value Village news, Director William T. Allen sold 26,151 shares of the business’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 value of $241,112.22. Following the completion of the transaction, the director owned 28,861 shares of the company’s stock, valued at $266,098.42. The trade was a 47.54% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 3.46% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Integrated Wealth Concepts LLC bought a new stake in Savers Value Village in the 2nd quarter worth approximately $33,000. State of Alaska Department of Revenue bought a new position in Savers Value Village during the third quarter valued at approximately $76,000. Royal Bank of Canada grew its position in Savers Value Village by 801.5% during the first quarter. Royal Bank of Canada now owns 11,233 shares of the company’s stock valued at $83,000 after acquiring an additional 9,987 shares during the last quarter. Caxton Associates LLP purchased a new position in shares of Savers Value Village during the first quarter worth approximately $90,000. Finally, The Manufacturers Life Insurance Company purchased a new position in shares of Savers Value Village during the second quarter worth approximately $125,000. 98.78% of the stock is currently owned by hedge funds and other institutional investors.

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.