Savers Value Village, Inc. (NYSE:SVV) Sees Significant Growth in Short Interest

Key Points

• Savers Value Village, Inc. experienced a significant increase in short interest in September, rising by 65.8% to a total of 9,070,000 shares, which makes up approximately 22.5% of its shares sold short.
• The company's stock recently traded at $12.96, with a market cap of $2.02 billion and an earnings per share (EPS) of $0.18 reported for the last quarter.
• Equities analysts have varied opinions on the stock, with a mix of ratings including one "Strong Buy," four "Buy," three "Hold," and one "Sell," while the average price target is $13.17.

Savers Value Village, Inc. (NYSE:SVV - Get Free Report) was the recipient of a large growth in short interest in the month of September. As of September 30th, there was short interest totaling 9,070,000 shares, a growth of 65.8% from the September 15th total of 5,470,000 shares. Approximately 22.5% of the company's shares are sold short. Based on an average daily trading volume, of 1,320,000 shares, the days-to-cover ratio is presently 6.9 days. Based on an average daily trading volume, of 1,320,000 shares, the days-to-cover ratio is presently 6.9 days. Approximately 22.5% of the company's shares are sold short.

Savers Value Village Price Performance

SVV traded up $0.19 during trading on Wednesday, reaching $12.96. 838,668 shares of the stock were exchanged, compared to its average volume of 1,570,805. The business's 50 day moving average price is $12.50 and its two-hundred day moving average price is $10.95. The company has a debt-to-equity ratio of 1.65, a current ratio of 0.69 and a quick ratio of 0.51. The company has a market capitalization of $2.02 billion, a price-to-earnings ratio of 61.69 and a beta of 1.07. Savers Value Village has a 1 year low of $6.48 and a 1 year high of $13.89.

Savers Value Village (NYSE:SVV - Get Free Report) last posted its earnings results on Wednesday, January 15th. The company reported $0.18 EPS for the quarter. The company had revenue of $394.80 million for the quarter. Savers Value Village had a return on equity of 8.85% and a net margin of 2.14%. As a group, equities research analysts anticipate that Savers Value Village will post 0.28 earnings per share for the current year.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. JPMorgan Chase & Co. lifted their price objective on Savers Value Village from $9.00 to $11.00 and gave the company a "neutral" rating in a research note on Monday, July 28th. Weiss Ratings reaffirmed a "sell (d+)" rating on shares of Savers Value Village in a research report on Wednesday, October 8th. Wall Street Zen raised Savers Value Village from a "hold" rating to a "buy" rating in a report on Saturday, August 2nd. BTIG Research initiated coverage on Savers Value Village in a report on Tuesday, October 14th. They issued a "buy" rating and a $18.00 target price on the stock. Finally, Piper Sandler upped their price objective on Savers Value Village from $11.00 to $12.00 and gave the stock a "neutral" rating in a report on Friday, August 1st. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Savers Value Village currently has an average rating of "Moderate Buy" and an average price target of $13.17.

Insider Activity at Savers Value Village

In other Savers Value Village news, Director William T. Allen sold 12,402 shares of Savers Value Village stock in a transaction dated Friday, August 15th. The stock was sold at an average price of $11.15, for a total value of $138,282.30. Following the completion of the transaction, the director directly owned 16,655 shares of the company's stock, valued at $185,703.25. The trade was a 42.68% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Melinda L. Geisser sold 20,000 shares of Savers Value Village stock in a transaction dated Friday, September 26th. The shares were sold at an average price of $13.69, for a total value of $273,800.00. The disclosure for this sale can be found here. Insiders sold a total of 217,863 shares of company stock worth $2,755,037 over the last ninety days. Company insiders own 3.09% of the company's stock.

Institutional Trading of Savers Value Village

Institutional investors and hedge funds have recently made changes to their positions in the stock. Universal Beteiligungs und Servicegesellschaft mbH lifted its position in shares of Savers Value Village by 91.5% in the first quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 370,976 shares of the company's stock valued at $2,560,000 after acquiring an additional 177,261 shares in the last quarter. GAMMA Investing LLC lifted its position in shares of Savers Value Village by 386.7% in the first quarter. GAMMA Investing LLC now owns 5,879 shares of the company's stock valued at $41,000 after acquiring an additional 4,671 shares in the last quarter. Federated Hermes Inc. lifted its position in shares of Savers Value Village by 671.3% in the first quarter. Federated Hermes Inc. now owns 185,107 shares of the company's stock valued at $1,277,000 after acquiring an additional 161,107 shares in the last quarter. Nuveen LLC purchased a new stake in shares of Savers Value Village in the first quarter valued at $742,000. Finally, AlphaQuest LLC lifted its position in shares of Savers Value Village by 237.2% in the first quarter. AlphaQuest LLC now owns 37,206 shares of the company's stock valued at $257,000 after acquiring an additional 26,172 shares in the last quarter. 98.78% of the stock is currently owned by hedge funds and other 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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