Savers Value Village (NYSE:SVV) Stock Price Up 5.1% – What’s Next?

Shares of Savers Value Village, Inc. (NYSE:SVV) were up 5.1% during trading on Friday . The company traded as high as $7.61 and last traded at $7.47. Approximately 117,217 shares changed hands during mid-day trading, a decline of 84% from the average daily volume of 728,871 shares. The stock had previously closed at $7.11.

Wall Street Analyst Weigh In

Several research analysts recently commented on SVV shares. UBS Group reduced their target price on shares of Savers Value Village from $14.00 to $13.00 and set a “buy” rating for the company in a report on Friday, February 21st. Piper Sandler decreased their price objective on Savers Value Village from $11.00 to $10.00 and set a “neutral” rating for the company in a report on Monday, February 24th. JPMorgan Chase & Co. dropped their target price on Savers Value Village from $10.00 to $9.00 and set a “neutral” rating on the stock in a report on Friday, February 21st. Finally, William Blair started coverage on Savers Value Village in a research report on Friday. They set an “outperform” rating on the stock. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, Savers Value Village currently has an average rating of “Moderate Buy” and a consensus price target of $11.67.

Savers Value Village Price Performance

The company has a current ratio of 1.04, a quick ratio of 0.86 and a debt-to-equity ratio of 1.70. The firm has a market capitalization of $1.20 billion, a price-to-earnings ratio of 42.14 and a beta of 1.24. The company’s 50 day moving average is $8.72 and its 200-day moving average is $9.62.

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

Insider Buying and Selling at Savers Value Village

In other news, insider T. Charles Hunsinger acquired 6,000 shares of Savers Value Village stock in a transaction dated Friday, March 7th. The stock was bought at an average price of $7.25 per share, for a total transaction of $43,500.00. Following the completion of the acquisition, the insider now directly owns 14,100 shares in the company, valued at approximately $102,225. The trade was a 74.07 % increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, General Counsel Richard A. Medway sold 4,800 shares of the stock in a transaction that occurred on Tuesday, January 21st. The stock was sold at an average price of $11.48, for a total value of $55,104.00. The disclosure for this sale can be found here. Corporate insiders own 2.38% of the company’s stock.

Institutional Investors Weigh In On Savers Value Village

A number of institutional investors have recently modified their holdings of the business. T. Rowe Price Investment Management Inc. increased its position 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 during the period. Baillie Gifford & Co. increased its holdings in shares of 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 purchasing an additional 3,138,844 shares during the period. FMR LLC raised its position in shares of Savers Value Village by 30.8% in 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 in the last quarter. Vanguard Group Inc. boosted its stake in shares of Savers Value Village by 3.0% in the fourth quarter. Vanguard Group Inc. now owns 2,382,647 shares of the company’s stock valued at $24,422,000 after buying an additional 68,316 shares during the period. Finally, Ameriprise Financial Inc. acquired a new stake in Savers Value Village during the fourth quarter worth approximately $11,324,000. Institutional investors own 98.78% of the company’s stock.

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.