T. Charles Hunsinger Buys 6,000 Shares of Savers Value Village, Inc. (NYSE:SVV) Stock

Savers Value Village, Inc. (NYSE:SVV) insider T. Charles Hunsinger bought 6,000 shares of Savers Value Village stock in a transaction that occurred on Friday, March 7th. The stock was purchased at an average cost of $7.25 per share, with a total value of $43,500.00. Following the completion of the transaction, the insider now owns 14,100 shares of the company’s stock, valued at $102,225. This trade represents a 74.07 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Savers Value Village Trading Down 2.5 %

SVV stock traded down $0.18 during midday trading on Tuesday, hitting $6.86. 1,029,876 shares of the company’s stock were exchanged, compared to its average volume of 722,191. Savers Value Village, Inc. has a one year low of $6.48 and a one year high of $19.98. The company has a debt-to-equity ratio of 1.70, a quick ratio of 0.86 and a current ratio of 1.04. The company has a market cap of $1.09 billion, a PE ratio of 38.09 and a beta of 1.41. The stock’s fifty day moving average price is $10.04 and its 200-day moving average price is $9.93.

Savers Value Village (NYSE:SVV) last released its quarterly earnings results 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 during the quarter, compared to analyst estimates of $402.00 million. Research analysts predict that Savers Value Village, Inc. will post 0.28 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on SVV shares. UBS Group lowered their price objective on Savers Value Village from $14.00 to $13.00 and set a “buy” rating on the stock in a research note on Friday, February 21st. Piper Sandler lowered their price target on shares of Savers Value Village from $11.00 to $10.00 and set a “neutral” rating for the company in a report on Monday, February 24th. Finally, JPMorgan Chase & Co. reduced their target price 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, February 21st. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $11.67.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in SVV. Geode Capital Management LLC grew its stake in shares of Savers Value Village by 10.2% in the third quarter. Geode Capital Management LLC now owns 542,999 shares of the company’s stock valued at $5,714,000 after buying an additional 50,051 shares in the last quarter. Baillie Gifford & Co. increased its position in 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 acquiring an additional 3,138,844 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new position in shares of Savers Value Village during the third quarter worth approximately $252,000. FMR LLC raised its holdings in Savers Value Village by 30.8% in the 3rd quarter. FMR LLC now owns 3,437,895 shares of the company’s stock valued at $36,167,000 after acquiring an additional 808,867 shares in the last quarter. Finally, Primecap Management Co. CA bought a new stake in shares of Savers Value Village during the 3rd quarter valued at $651,000. Institutional investors own 98.78% of the company’s stock.

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.