Richard A. Medway Sells 4,800 Shares of Savers Value Village, Inc. (NYSE:SVV) Stock

Savers Value Village, Inc. (NYSE:SVV) General Counsel Richard A. Medway sold 4,800 shares of the business’s 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Savers Value Village Stock Performance

Shares of Savers Value Village stock opened at $11.23 on Friday. 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 firm has a 50 day simple moving average of $9.94 and a 200 day simple moving average of $10.03. Savers Value Village, Inc. has a fifty-two week low of $7.78 and a fifty-two week high of $21.33. The firm has a market cap of $1.79 billion, a P/E ratio of 24.40 and a beta of 1.04.

Savers Value Village (NYSE:SVV) last released its earnings results on Thursday, November 7th. The company reported $0.11 EPS for the quarter, missing the consensus estimate of $0.17 by ($0.06). The firm had revenue of $394.80 million during the quarter, compared to analyst estimates of $401.94 million. Savers Value Village had a net margin of 4.93% and a return on equity of 9.11%. During the same period last year, the business posted ($0.05) earnings per share. Sell-side analysts predict that Savers Value Village, Inc. will post 0.28 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, Piper Sandler lifted their price objective 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 investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, Savers Value Village presently has a consensus rating of “Hold” and an average target price of $12.20.

Institutional Trading of Savers Value Village

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Geode Capital Management LLC grew its position in shares of 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 buying an additional 50,051 shares during the period. Maverick Capital Ltd. bought a new position in Savers Value Village in the third quarter valued at approximately $2,163,000. PDT Partners LLC acquired a new stake in Savers Value Village during the 3rd quarter worth $1,698,000. Verition Fund Management LLC grew its holdings in Savers Value Village by 31.5% during the 3rd quarter. Verition Fund Management LLC now owns 250,594 shares of the company’s stock worth $2,636,000 after acquiring an additional 60,007 shares during the period. Finally, Northwest & Ethical Investments L.P. raised its position in shares of Savers Value Village by 89.9% during the 3rd quarter. Northwest & Ethical Investments L.P. now owns 99,500 shares of the company’s stock valued at $1,047,000 after acquiring an additional 47,100 shares during the last quarter. 98.78% of the stock is 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.