Savers Value Village (NYSE:SVV) Shares Down 8.2% After Analyst Downgrade

Savers Value Village, Inc. (NYSE:SVV) shares fell 8.2% during trading on Monday 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 $8.30 and last traded at $8.33. 606,213 shares traded hands during trading, a decline of 2% from the average session volume of 616,554 shares. The stock had previously closed at $9.07.

Other equities research analysts have also issued research reports about the stock. UBS Group dropped their price objective on shares of Savers Value Village from $14.00 to $13.00 and set a “buy” rating on the stock in a report on Friday. JPMorgan Chase & Co. dropped their price target on shares of Savers Value Village from $10.00 to $9.00 and set a “neutral” rating on the stock in a research note on Friday. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, Savers Value Village presently has an average rating of “Moderate Buy” and an average price target of $11.67.

Insider Buying and Selling

In other Savers Value Village news, General Counsel Richard A. Medway sold 4,800 shares of the business’s stock in a transaction that occurred on Tuesday, January 21st. The shares were sold at an average price of $11.48, for a total value of $55,104.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 2.38% of the stock is owned by company insiders.

Institutional Investors Weigh In On Savers Value Village

A number of large investors have recently added to or reduced their stakes in the company. AIA Group Ltd raised its position in Savers Value Village by 120.6% in the 3rd quarter. AIA Group Ltd now owns 106,641 shares of the company’s stock worth $1,122,000 after purchasing an additional 58,297 shares during the period. GSA Capital Partners LLP bought a new stake in shares of Savers Value Village in the 3rd quarter valued at about $248,000. Baillie Gifford & Co. grew its position in Savers Value Village by 34.8% during the 3rd quarter. Baillie Gifford & Co. now owns 550,634 shares of the company’s stock worth $5,793,000 after acquiring an additional 142,101 shares during the last quarter. Aigen Investment Management LP increased its stake in Savers Value Village by 29.0% in the 3rd quarter. Aigen Investment Management LP now owns 15,449 shares of the company’s stock worth $163,000 after purchasing an additional 3,477 shares during the period. Finally, Primecap Management Co. CA bought a new stake in Savers Value Village in the third quarter valued at approximately $651,000. Hedge funds and other institutional investors own 98.78% of the company’s stock.

Savers Value Village Price Performance

The firm’s fifty day moving average price is $10.67 and its 200-day moving average price is $10.06. 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 stock has a market cap of $1.33 billion, a P/E ratio of 46.31 and a beta of 1.09.

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