Richard A. Medway Sells 16,490 Shares of Savers Value Village, Inc. (NYSE:SVV) Stock

Savers Value Village, Inc. (NYSE:SVV - Get Free Report) General Counsel Richard A. Medway sold 16,490 shares of the stock in a transaction that occurred on Thursday, May 8th. The stock was sold at an average price of $11.49, for a total transaction of $189,470.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Richard A. Medway also recently made the following trade(s):

• On Monday, May 12th, Richard A. Medway sold 604 shares of Savers Value Village stock. The shares were sold at an average price of $11.53, for a total transaction of $6,964.12.

Savers Value Village Stock Performance

Shares of SVV stock traded up $0.46 during trading hours on Friday, hitting $10.09. The stock had a trading volume of 1,472,753 shares, compared to its average volume of 784,133. Savers Value Village, Inc. has a twelve month low of $6.48 and a twelve month high of $14.28. 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 stock's 50 day moving average is $8.61 and its 200 day moving average is $9.46. The firm has a market capitalization of $1.59 billion, a PE ratio of 56.03 and a beta of 0.95.

Savers Value Village (NYSE:SVV - Get Free Report) last released 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). The business had revenue of $401.99 million during the quarter, compared to analysts' expectations of $402.00 million. Savers Value Village had a return on equity of 8.74% and a net margin of 1.89%. As a group, research analysts forecast that Savers Value Village, Inc. will post 0.28 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of analysts have weighed in on SVV shares. JPMorgan Chase & Co. reduced their price objective on shares of Savers Value Village from $10.00 to $9.00 and set a "neutral" rating for the company in a research note on Friday, February 21st. William Blair initiated coverage on shares of Savers Value Village in a research report on Friday, April 4th. They issued an "outperform" rating on the stock. The Goldman Sachs Group boosted their price objective on shares of Savers Value Village from $9.00 to $10.00 and gave the company a "neutral" rating in a research report on Friday, May 2nd. Piper Sandler upped their price objective on shares of Savers Value Village from $10.00 to $11.00 and gave the stock a "neutral" rating in a research note on Friday, May 2nd. Finally, UBS Group decreased their price target on shares of 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. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, Savers Value Village has an average rating of "Moderate Buy" and an average target price of $11.83.

Institutional Investors Weigh In On Savers Value Village

Hedge funds and other institutional investors have recently bought and sold shares of the business. AQR Capital Management LLC acquired a new position in Savers Value Village during the 1st quarter valued at approximately $120,000. Maverick Capital Ltd. lifted its holdings in shares of Savers Value Village by 79.5% during the first quarter. Maverick Capital Ltd. now owns 49,092 shares of the company's stock valued at $339,000 after purchasing an additional 21,743 shares during the last quarter. Landscape Capital Management L.L.C. purchased a new stake in shares of Savers Value Village during the first quarter valued at $1,495,000. Walleye Capital LLC acquired a new position in Savers Value Village during the first quarter valued at $74,000. Finally, AlphaQuest LLC raised its position in Savers Value Village by 237.2% during the first quarter. AlphaQuest LLC now owns 37,206 shares of the company's stock valued at $257,000 after buying an additional 26,172 shares during the period. 98.78% of the stock is currently owned by hedge funds and other 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.