Savers Value Village (NYSE:SVV) Hits New 1-Year Low – What’s Next?

Savers Value Village, Inc. (NYSE:SVV)’s share price hit a new 52-week low during mid-day trading on Monday . The stock traded as low as $7.34 and last traded at $7.30, with a volume of 87955 shares changing hands. The stock had previously closed at $7.48.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. JPMorgan Chase & Co. decreased their price objective on shares of Savers Value Village from $10.00 to $9.00 and set a “neutral” rating on the stock in a report on Friday, February 21st. UBS Group decreased 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 research note on Friday, February 21st. Finally, Piper Sandler lowered their price target on shares of Savers Value Village from $11.00 to $10.00 and set a “neutral” rating on the stock in a report on Monday, February 24th. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $11.67.

Savers Value Village Stock Performance

The company has a debt-to-equity ratio of 1.70, a current ratio of 1.04 and a quick ratio of 0.86. The stock’s 50-day moving average price is $10.44 and its 200-day moving average price is $10.03. The company has a market cap of $1.09 billion, a P/E ratio of 38.17 and a beta of 1.09.

Savers Value Village (NYSE:SVV) last issued 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 business had revenue of $401.99 million during the quarter, compared to analyst estimates of $402.00 million. Equities analysts anticipate that Savers Value Village, Inc. will post 0.28 EPS for the current year.

Insider Activity at Savers Value Village

In related news, General Counsel Richard A. Medway sold 4,800 shares of Savers Value Village stock in a transaction that occurred on Tuesday, January 21st. The shares were sold at an average price of $11.48, for a total value of $55,104.00. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. 2.38% of the stock is currently owned by corporate insiders.

Institutional Trading of Savers Value Village

Hedge funds and other institutional investors have recently made changes to their positions in the company. Geode Capital Management LLC grew its holdings in Savers Value Village by 10.2% during the 3rd quarter. Geode Capital Management LLC now owns 542,999 shares of the company’s stock worth $5,714,000 after acquiring an additional 50,051 shares during the period. Baillie Gifford & Co. grew its stake in shares of Savers Value Village by 570.0% in the 4th 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. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new stake in shares of Savers Value Village during the third quarter valued at approximately $252,000. FMR LLC grew its position in Savers Value Village by 30.8% during the third quarter. FMR LLC now owns 3,437,895 shares of the company’s stock valued at $36,167,000 after buying an additional 808,867 shares during the period. Finally, AIA Group Ltd raised its holdings in shares of Savers Value Village by 120.6% in the 3rd quarter. AIA Group Ltd now owns 106,641 shares of the company’s stock worth $1,122,000 after purchasing an additional 58,297 shares during the period. 98.78% of the stock is currently owned by institutional investors.

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.