Savers Value Village (NYSE:SVV) Trading Down 8.2% on Analyst Downgrade

Shares of Savers Value Village, Inc. (NYSE:SVV) dropped 8.2% on Monday 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 $8.30 and last traded at $8.33. Approximately 606,213 shares traded hands during trading, a decline of 2% from the average daily volume of 616,554 shares. The stock had previously closed at $9.07.

Several other research firms have also recently commented on SVV. JPMorgan Chase & Co. lowered their target price 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 lowered their target price on Savers Value Village from $14.00 to $13.00 and set a “buy” rating for the company in a research note on Friday. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average 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 firm’s 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 transaction was disclosed in a document filed with the SEC, which is available through this link. 2.38% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. T. Rowe Price Investment Management Inc. lifted its holdings in Savers Value Village by 49.3% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 5,969,900 shares of the company’s stock worth $61,192,000 after acquiring an additional 1,970,894 shares in the last quarter. Baillie Gifford & Co. lifted its holdings in Savers Value Village by 570.0% during the fourth quarter. Baillie Gifford & Co. now owns 3,689,478 shares of the company’s stock worth $37,817,000 after acquiring an additional 3,138,844 shares in the last quarter. FMR LLC lifted its holdings in Savers Value Village by 30.8% during the third quarter. FMR LLC now owns 3,437,895 shares of the company’s stock worth $36,167,000 after acquiring an additional 808,867 shares in the last quarter. Vanguard Group Inc. lifted its holdings in Savers Value Village by 3.0% during the fourth quarter. Vanguard Group Inc. now owns 2,382,647 shares of the company’s stock worth $24,422,000 after acquiring an additional 68,316 shares in the last quarter. Finally, Ameriprise Financial Inc. bought a new position in Savers Value Village during the fourth quarter worth about $11,324,000. 98.78% of the stock is currently owned by institutional investors.

Savers Value Village Trading Down 13.8 %

The company has a fifty day simple moving average of $10.63 and a two-hundred day simple moving average of $10.05. The company has a quick ratio of 0.86, a current ratio of 1.04 and a debt-to-equity ratio of 1.70. The stock has a market capitalization of $1.25 billion, a P/E ratio of 43.42 and a beta of 1.09.

Savers Value Village (NYSE:SVV) last posted its earnings results on Thursday, February 20th. The company reported $0.05 earnings per share for the quarter, missing the consensus estimate of $0.09 by ($0.04). The business had revenue of $401.99 million for the quarter, compared to the consensus estimate of $402.00 million. Savers Value Village had a return on equity of 8.74% and a net margin of 1.89%. On average, sell-side analysts expect that Savers Value Village, Inc. will post 0.28 earnings per share for the current year.

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.