Insider Selling: Savers Value Village, Inc. (NYSE:SVV) General Counsel Sells 2,637 Shares of Stock

Key Points

• Richard A. Medway, General Counsel of Savers Value Village, Inc., sold a total of 2,637 shares at an average price of $10.48 on July 31, contributing to a series of sales over the past weeks.
• Savers Value Village's stock price increased by 1.7%, trading at $11.67, with a market cap of $1.81 billion and a P/E ratio of 55.57.
• In its latest earnings report, Savers Value Village posted an EPS of $0.14, exceeding analysts' expectations and showing a 7.9% revenue increase compared to the same quarter last year.

Savers Value Village, Inc. (NYSE:SVV - Get Free Report) General Counsel Richard A. Medway sold 2,637 shares of the stock in a transaction on Thursday, July 31st. The shares were sold at an average price of $10.48, for a total transaction of $27,635.76. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

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

• On Wednesday, July 23rd, Richard A. Medway sold 4,228 shares of Savers Value Village stock. The stock was sold at an average price of $10.51, for a total transaction of $44,436.28.
• On Tuesday, July 22nd, Richard A. Medway sold 600 shares of Savers Value Village stock. The shares were sold at an average price of $10.51, for a total transaction of $6,306.00.
• On Friday, July 18th, Richard A. Medway sold 1,800 shares of Savers Value Village stock. The shares were sold at an average price of $10.53, for a total transaction of $18,954.00.
• On Thursday, July 3rd, Richard A. Medway sold 17,619 shares of Savers Value Village stock. The shares were sold at an average price of $10.65, for a total transaction of $187,642.35.
• On Monday, May 12th, Richard A. Medway sold 604 shares of Savers Value Village stock. The stock was sold at an average price of $11.53, for a total transaction of $6,964.12.
• On Thursday, May 8th, Richard A. Medway sold 16,490 shares of Savers Value Village stock. The stock was sold at an average price of $11.49, for a total transaction of $189,470.10.

Savers Value Village Stock Up 1.7%

SVV traded up $0.20 during trading on Monday, reaching $11.67. 1,228,426 shares of the stock were exchanged, compared to its average volume of 804,556. The stock has a market cap of $1.81 billion, a P/E ratio of 55.57 and a beta of 1.00. Savers Value Village, Inc. has a twelve month low of $6.48 and a twelve month high of $11.89. The stock's 50 day moving average price is $10.37 and its two-hundred day moving average price is $9.61. The company has a debt-to-equity ratio of 1.69, a quick ratio of 0.57 and a current ratio of 0.74.

Savers Value Village (NYSE:SVV - Get Free Report) last released its quarterly earnings data on Thursday, July 31st. The company reported $0.14 EPS for the quarter, topping analysts' consensus estimates of $0.12 by $0.02. Savers Value Village had a net margin of 2.14% and a return on equity of 8.86%. The firm had revenue of $417.21 million during the quarter, compared to analysts' expectations of $405.75 million. During the same period in the previous year, the business posted $0.14 earnings per share. The company's revenue for the quarter was up 7.9% compared to the same quarter last year. Equities analysts expect that Savers Value Village, Inc. will post 0.28 EPS for the current year.

Analysts Set New Price Targets

Several brokerages have commented on SVV. Northland Securities began coverage on shares of Savers Value Village in a report on Tuesday, June 10th. They set an "outperform" rating and a $15.00 target price on the stock. Wall Street Zen upgraded shares of Savers Value Village from a "hold" rating to a "buy" rating in a report on Saturday. JPMorgan Chase & Co. lifted their price objective on shares of Savers Value Village from $9.00 to $11.00 and gave the company a "neutral" rating in a report on Monday, July 28th. The Goldman Sachs Group lifted their price objective on shares of Savers Value Village from $9.00 to $10.00 and gave the company a "neutral" rating in a report on Friday, May 2nd. Finally, Northland Capmk upgraded shares of Savers Value Village to a "strong-buy" rating in a report on Tuesday, June 10th. Three analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $12.71.

Hedge Funds Weigh In On Savers Value Village

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Primecap Management Co. CA boosted its position in shares of Savers Value Village by 0.4% in the first quarter. Primecap Management Co. CA now owns 473,525 shares of the company's stock valued at $3,267,000 after acquiring an additional 1,775 shares during the period. American Century Companies Inc. boosted its position in shares of Savers Value Village by 15.6% in the fourth quarter. American Century Companies Inc. now owns 15,410 shares of the company's stock valued at $158,000 after acquiring an additional 2,085 shares during the period. BNP Paribas Financial Markets bought a new stake in shares of Savers Value Village in the fourth quarter valued at about $36,000. Wells Fargo & Company MN boosted its position in shares of Savers Value Village by 51.7% in the fourth quarter. Wells Fargo & Company MN now owns 10,931 shares of the company's stock valued at $112,000 after acquiring an additional 3,725 shares during the period. Finally, Hsbc Holdings PLC boosted its position in shares of Savers Value Village by 12.6% in the fourth quarter. Hsbc Holdings PLC now owns 39,883 shares of the company's stock valued at $410,000 after acquiring an additional 4,454 shares during the period. 98.78% of the stock is owned by institutional investors.

Savers Value Village Company Profile

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.

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