Savers Value Village (NYSE:SVV) Reaches New 1-Year Low on Analyst Downgrade

Savers Value Village, Inc. (NYSE:SVV)’s stock price hit a new 52-week low on Tuesday after Piper Sandler lowered their price target on the stock from $11.00 to $10.00. Piper Sandler currently has a neutral rating on the stock. Savers Value Village traded as low as $7.75 and last traded at $7.82, with a volume of 1537194 shares. The stock had previously closed at $9.07.

A number of other brokerages have also recently issued reports on SVV. UBS Group lowered their price objective on Savers Value Village from $14.00 to $13.00 and set a “buy” rating on the stock in a research note on Friday. JPMorgan Chase & Co. lowered 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. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $11.67.

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 dated Tuesday, January 21st. The stock was sold at an average price of $11.48, for a total transaction of $55,104.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 2.38% of the stock is owned by insiders.

Institutional Trading of Savers Value Village

Several hedge funds and other institutional investors have recently bought and sold shares of SVV. BNP Paribas Financial Markets purchased a new stake in Savers Value Village in the fourth quarter worth approximately $36,000. KLP Kapitalforvaltning AS purchased a new stake in Savers Value Village in the fourth quarter worth approximately $57,000. Wexford Capital LP purchased a new stake in Savers Value Village in the fourth quarter worth approximately $106,000. Wells Fargo & Company MN boosted its stake in Savers Value Village by 51.7% in the fourth quarter. Wells Fargo & Company MN now owns 10,931 shares of the company’s stock worth $112,000 after buying an additional 3,725 shares in the last quarter. Finally, AlphaQuest LLC purchased a new stake in Savers Value Village in the fourth quarter worth approximately $113,000. Hedge funds and other institutional investors own 98.78% of the company’s stock.

Savers Value Village Stock Performance

The firm has a market cap of $1.25 billion, a PE ratio of 43.42 and a beta of 1.09. The company has a 50 day simple moving average of $10.63 and a 200-day simple moving average of $10.05. The company has a debt-to-equity ratio of 1.70, a current ratio of 1.04 and a quick ratio of 0.86.

Savers Value Village (NYSE:SVV) last released its quarterly earnings data on Thursday, February 20th. The company reported $0.05 earnings per share for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.04). The company had revenue of $401.99 million for the quarter, compared to analysts’ expectations of $402.00 million. Savers Value Village had a net margin of 1.89% and a return on equity of 8.74%. As a group, equities research analysts anticipate that Savers Value Village, Inc. will post 0.28 EPS for the current year.

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.