Shares of Savers Value Village, Inc. (NYSE:SVV – Get Free Report) were down 5.6% during mid-day trading on Tuesday . The stock traded as low as $9.32 and last traded at $9.3090. Approximately 71,609 shares traded hands during trading, a decline of 94% from the average session volume of 1,165,816 shares. The stock had previously closed at $9.86.
Analyst Ratings Changes
A number of equities research analysts have recently issued reports on SVV shares. Piper Sandler boosted their price objective on Savers Value Village from $10.00 to $11.00 and gave the stock a “neutral” rating in a report on Friday, August 7th. Weiss Ratings upgraded Savers Value Village from a “sell (d)” rating to a “sell (d+)” rating in a research note on Wednesday, September 2nd. The Goldman Sachs Group restated a “neutral” rating and issued a $11.00 price target on shares of Savers Value Village in a research note on Friday, August 7th. Finally, JPMorgan Chase & Co. upped their price objective on Savers Value Village from $11.00 to $14.00 and gave the company a “neutral” rating in a report on Friday, August 7th. Four investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Savers Value Village presently has a consensus rating of “Hold” and an average target price of $14.00.
Read Our Latest Research Report on Savers Value Village
Savers Value Village Stock Down 6.2%
Savers Value Village (NYSE:SVV – Get Free Report) last announced its earnings results on Thursday, August 6th. The company reported $0.14 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.14. Savers Value Village had a net margin of 1.42% and a return on equity of 14.58%. The firm had revenue of $448.22 million for the quarter, compared to analyst estimates of $449.00 million. During the same quarter in the prior year, the business posted $0.14 EPS. The business’s revenue was up 7.4% compared to the same quarter last year. Savers Value Village has set its FY 2026 guidance at 0.470-0.530 EPS. On average, equities analysts forecast that Savers Value Village, Inc. will post 0.39 EPS for the current year.
Insider Buying and Selling
In related news, CEO Mark T. Walsh sold 92,059 shares of the stock in a transaction that occurred on Tuesday, August 11th. The stock was sold at an average price of $11.93, for a total transaction of $1,098,263.87. Following the sale, the chief executive officer owned 47,363 shares of the company’s stock, valued at $565,040.59. This represents a 66.03% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, General Counsel Richard A. Medway sold 45,000 shares of the firm’s stock in a transaction on Friday, August 7th. The stock was sold at an average price of $11.98, for a total value of $539,100.00. Following the transaction, the general counsel owned 14,440 shares in the company, valued at approximately $172,991.20. This trade represents a 75.71% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders sold 536,642 shares of company stock worth $6,211,521. 3.46% of the stock is owned by corporate insiders.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Integrated Wealth Concepts LLC bought a new stake in Savers Value Village during the second quarter worth about $33,000. Caitong International Asset Management Co. Ltd increased its holdings in Savers Value Village by 128.2% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 4,357 shares of the company’s stock valued at $41,000 after buying an additional 2,448 shares during the period. Royal Bank of Canada raised its position in shares of Savers Value Village by 801.5% in the 1st quarter. Royal Bank of Canada now owns 11,233 shares of the company’s stock valued at $83,000 after buying an additional 9,987 shares in the last quarter. Caxton Associates LLP acquired a new position in shares of Savers Value Village in the 1st quarter valued at approximately $90,000. Finally, The Manufacturers Life Insurance Company bought a new stake in shares of Savers Value Village during the 2nd quarter worth approximately $125,000. Institutional investors and hedge funds own 98.78% of the company’s stock.
Savers Value Village Company Profile
Savers Value Village, Inc operates a network of for-profit thrift stores that sell donated and secondhand merchandise. Its product assortment generally includes clothing, accessories, shoes, books, household goods, furniture and other general merchandise. The company serves consumers seeking value-oriented shopping and supports the reuse of products through the resale of pre-owned goods.
The company operates under several retail banners, including Savers, Value Village, Village des Valeurs and Unique.
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