Savers Value Village (NYSE:SVV) Issues Quarterly Earnings Results

Savers Value Village (NYSE:SVV) released its quarterly earnings data on Thursday. The company reported $0.05 earnings per share for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.04), Zacks reports. Savers Value Village had a net margin of 4.93% and a return on equity of 9.11%.

Savers Value Village Price Performance

Shares of SVV stock traded up $0.06 during mid-day trading on Thursday, hitting $11.26. 538,287 shares of the stock were exchanged, compared to its average volume of 537,849. Savers Value Village has a 52-week low of $7.78 and a 52-week high of $21.33. 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 company has a market cap of $1.80 billion, a PE ratio of 24.47 and a beta of 1.09. The firm has a fifty day moving average of $10.65 and a 200 day moving average of $10.06.

Analysts Set New Price Targets

Separately, Piper Sandler lifted their price target on Savers Value Village from $10.00 to $11.00 and gave the company a “neutral” rating in a research report on Friday, January 17th. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, Savers Value Village currently has an average rating of “Hold” and an average price target of $12.20.

Insider Activity at Savers Value Village

In other Savers Value Village news, 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 transaction of $55,104.00. The sale was disclosed in a filing with the SEC, which is accessible through this link. 2.38% of the stock is owned by company insiders.

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.