Savers Value Village (NYSE:SVV) Hits New 12-Month Low Following Analyst Downgrade

Savers Value Village, Inc. (NYSE:SVV) hit a new 52-week low on Tuesday after Piper Sandler lowered their price target on the stock from $11.00 to $10.00. Piper Sandler currently has a neutral rating on the stock. Savers Value Village traded as low as $7.75 and last traded at $7.82, with a volume of 1537194 shares traded. The stock had previously closed at $9.07.

Several other equities research analysts also recently weighed in on the company. UBS Group decreased their target price on Savers Value Village from $14.00 to $13.00 and set a “buy” rating for the company in a research report on Friday, February 21st. JPMorgan Chase & Co. decreased their target price on Savers Value Village from $10.00 to $9.00 and set a “neutral” rating for the company in a research report on Friday, February 21st. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat, Savers Value Village currently has a consensus rating of “Moderate Buy” and an average target price of $11.67.

Insider Activity at Savers Value Village

In related news, General Counsel Richard A. Medway sold 4,800 shares of the stock in a transaction dated Tuesday, January 21st. The stock was sold at an average price of $11.48, for a total value of $55,104.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 2.38% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. BNP Paribas Financial Markets acquired a new stake in Savers Value Village during the fourth quarter valued at approximately $36,000. KLP Kapitalforvaltning AS acquired a new stake in Savers Value Village during the fourth quarter valued at approximately $57,000. Wexford Capital LP acquired a new stake in Savers Value Village during the fourth quarter valued at approximately $106,000. Wells Fargo & Company MN raised its stake in Savers Value Village by 51.7% during the fourth quarter. Wells Fargo & Company MN now owns 10,931 shares of the company’s stock valued at $112,000 after buying an additional 3,725 shares in the last quarter. Finally, AlphaQuest LLC acquired a new stake in Savers Value Village during the fourth quarter valued at approximately $113,000. Hedge funds and other institutional investors own 98.78% of the company’s stock.

Savers Value Village Price Performance

The company has a 50 day simple moving average of $10.54 and a 200-day simple moving average of $10.03. The stock has a market cap of $1.28 billion, a price-to-earnings ratio of 44.56 and a beta of 1.09. The company has a quick ratio of 0.86, a current ratio of 1.04 and a debt-to-equity ratio of 1.70.

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

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.