Savers Value Village (NYSE:SVV) Shares Gap Down on Disappointing Earnings

Savers Value Village, Inc. (NYSE:SVV)’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 traded.

The company reported $0.05 EPS for the quarter, missing the consensus estimate of $0.09 by ($0.04). The firm had revenue of $401.99 million during the quarter, compared to the consensus estimate of $402.00 million. Savers Value Village had a net margin of 4.93% and a return on equity of 9.11%.

Analyst Ratings Changes

SVV has been the subject of several recent research reports. JPMorgan Chase & Co. decreased their price target on Savers Value Village from $10.00 to $9.00 and set a “neutral” rating for the company in a research note on Friday. UBS Group decreased their price target 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, Piper Sandler increased their price target on Savers Value Village from $10.00 to $11.00 and gave the company a “neutral” rating in a research note on Friday, January 17th. 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 data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $11.83.

Insiders Place Their Bets

In other Savers Value Village news, General Counsel Richard A. Medway sold 4,800 shares of the stock in a transaction that occurred 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 at this hyperlink. Corporate insiders own 2.38% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. BNP Paribas Financial Markets bought a new position in shares of Savers Value Village in the fourth quarter valued at approximately $36,000. KLP Kapitalforvaltning AS bought a new stake in Savers Value Village during the fourth quarter worth $57,000. Wexford Capital LP bought a new stake in Savers Value Village during the fourth quarter worth $106,000. Wells Fargo & Company MN lifted its holdings in Savers Value Village by 51.7% during the fourth quarter. Wells Fargo & Company MN now owns 10,931 shares of the company’s stock worth $112,000 after acquiring an additional 3,725 shares during the period. Finally, AlphaQuest LLC bought a new stake in Savers Value Village during the fourth quarter worth $113,000. Institutional investors own 98.78% of the company’s stock.

Savers Value Village Stock Down 19.2 %

The stock has a fifty day moving average of $10.67 and a 200 day moving average of $10.06. The firm has a market capitalization of $1.45 billion, a P/E ratio of 19.77 and a beta of 1.09. The company has a debt-to-equity ratio of 1.70, a current ratio of 1.04 and a quick ratio of 0.86.

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.