Savers Value Village, Inc. (NYSE:SVV) Sees Large Decrease in Short Interest

Savers Value Village, Inc. (NYSE:SVV) saw a large drop in short interest during the month of February. As of February 15th, there was short interest totalling 5,810,000 shares, a drop of 12.1% from the January 31st total of 6,610,000 shares. Currently, 23.1% of the shares of the company are sold short. Based on an average daily volume of 614,300 shares, the short-interest ratio is presently 9.5 days.

Analyst Ratings Changes

A number of analysts recently issued reports on the company. Piper Sandler decreased 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. UBS Group lowered their price target on shares of Savers Value Village from $14.00 to $13.00 and set a “buy” rating on the stock in a report on Friday, February 21st. Finally, JPMorgan Chase & Co. reduced their price objective on shares of 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. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $11.67.

Insider Transactions at Savers Value Village

In other Savers Value Village news, General Counsel Richard A. Medway sold 4,800 shares of the business’s stock in a transaction on Tuesday, January 21st. The shares were sold at an average price of $11.48, for a total transaction of $55,104.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 2.38% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. BNP Paribas Financial Markets bought a new position in Savers Value Village in the fourth quarter worth about $36,000. KLP Kapitalforvaltning AS bought a new stake in Savers Value Village during the fourth quarter valued at about $57,000. Wexford Capital LP purchased a new position in Savers Value Village in the 4th quarter worth approximately $106,000. Wells Fargo & Company MN increased its holdings in Savers Value Village by 51.7% in the 4th quarter. Wells Fargo & Company MN now owns 10,931 shares of the company’s stock valued at $112,000 after acquiring an additional 3,725 shares during the last quarter. Finally, AlphaQuest LLC purchased a new stake in shares of Savers Value Village in the fourth quarter worth about $113,000. Institutional investors own 98.78% of the company’s stock.

Savers Value Village Stock Performance

NYSE:SVV opened at $7.13 on Friday. The stock has a market cap of $1.13 billion, a P/E ratio of 39.59 and a beta of 1.42. 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 business’s 50-day moving average price is $10.17 and its two-hundred day moving average price is $9.96. Savers Value Village has a twelve month low of $6.56 and a twelve month high of $20.66.

Savers Value Village (NYSE:SVV) last posted its quarterly earnings data 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). Savers Value Village had a return on equity of 8.74% and a net margin of 1.89%. The company had revenue of $401.99 million during the quarter, compared to the consensus estimate of $402.00 million. As a group, equities analysts predict that Savers Value Village will post 0.28 EPS for the current fiscal 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.