Savers Value Village (NYSE:SVV) Shares Down 5.8% - Should You Sell?

Key Points

• Savers Value Village shares fell 5.8% to about $10 in Tuesday trading; volume was 96% below the average daily volume.
• Analyst views are mixed but average to Hold, with a consensus price target of $13.29. Four analysts rate the stock Buy, four Hold, and one Sell.
• The latest quarter beat expectations: earnings were $0.16 per share versus $0.15 expected, while revenue of $463.08 million exceeded estimates and grew 8.5% year over year.

Savers Value Village, Inc. (NYSE:SVV - Get Free Report) traded down 5.8% during mid-day trading on Tuesday. The stock traded as low as $10.07 and last traded at $9.9970. 48,517 shares changed hands during mid-day trading, a decline of 96% from the average daily volume of 1,256,858 shares. The stock had previously closed at $10.61.

Analyst Ratings Changes

SVV has been the topic of a number of recent research reports. Piper Sandler lifted their price target on shares of Savers Value Village from $10.00 to $11.00 and gave the stock a "neutral" rating in a report on Friday, August 7th. JPMorgan Chase & Co. raised their target price on Savers Value Village from $11.00 to $14.00 and gave the stock a "neutral" rating in a research report on Friday, August 7th. Wall Street Zen raised Savers Value Village from a "hold" rating to a "buy" rating in a report on Saturday. The Goldman Sachs Group reaffirmed a "neutral" rating and set a $11.00 target price on shares of Savers Value Village in a report on Friday, August 7th. Finally, Wells Fargo & Company assumed coverage on Savers Value Village in a research report on Friday, September 18th. They issued an "equal weight" rating and a $11.00 price target on the stock. Four research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $13.29.

Savers Value Village Stock Down 5.0%

The stock's 50-day moving average price is $9.54 and its 200-day moving average price is $9.41. The company has a current ratio of 0.84, a quick ratio of 0.66 and a debt-to-equity ratio of 1.59. The stock has a market cap of $1.55 billion, a price-to-earnings ratio of 25.21 and a beta of 1.22.

Savers Value Village (NYSE:SVV - Get Free Report) last posted its quarterly earnings data on Thursday, November 5th. The company reported $0.16 earnings per share for the quarter, topping the consensus estimate of $0.15 by $0.01. The company had revenue of $463.08 million during the quarter, compared to analysts' expectations of $459.22 million. Savers Value Village had a net margin of 1.42% and a return on equity of 14.58%. Savers Value Village's revenue for the quarter was up 8.5% compared to the same quarter last year. During the same period in the prior year, the company posted $0.14 earnings per share. On average, sell-side analysts expect that Savers Value Village, Inc. will post 0.39 earnings per share for the current year.

Insider Buying and Selling at Savers Value Village

In other news, Director William T. Allen sold 26,151 shares of Savers Value Village stock in a transaction dated Wednesday, September 16th. The stock was sold at an average price of $9.22, for a total value of $241,112.22. Following the completion of the transaction, the director directly owned 28,861 shares of the company's stock, valued at approximately $266,098.42. This trade represents a 47.54% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 3.46% of the company's stock.

Institutional Investors Weigh In On Savers Value Village

Several large investors have recently added to or reduced their stakes in SVV. Squarepoint Ops LLC lifted its stake in Savers Value Village by 2.2% during the 2nd quarter. Squarepoint Ops LLC now owns 136,665 shares of the company's stock valued at $1,379,000 after acquiring an additional 2,900 shares in the last quarter. Integrated Wealth Concepts LLC purchased a new stake in shares of Savers Value Village in the second quarter valued at about $33,000. Bank of America Corp DE raised its holdings in shares of Savers Value Village by 4.5% in the first quarter. Bank of America Corp DE now owns 119,931 shares of the company's stock valued at $892,000 after purchasing an additional 5,166 shares during the last quarter. WoodTrust Financial Corp raised its holdings in shares of Savers Value Village by 21.0% in the third quarter. WoodTrust Financial Corp now owns 37,500 shares of the company's stock valued at $345,000 after purchasing an additional 6,500 shares during the last quarter. Finally, State of Alaska Department of Revenue bought a new position in shares of Savers Value Village during the third quarter valued at about $76,000. Institutional investors and hedge funds own 98.78% of the company's stock.

About Savers Value Village

Savers Value Village Inc. operates a for-profit thrift store business, selling secondhand clothing, accessories, household goods, books and other merchandise. Its stores operate under several banners, including Savers, Value Village, Village des Valeurs, Unique and 2nd Ave. The company sources much of its merchandise through relationships with nonprofit organizations. It purchases donated goods from these partners, then sorts, processes and sells items through its retail stores, helping extend the useful life of donated products while providing revenue to nonprofit partners.

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