Savers Value Village (NYSE:SVV) General Counsel Sells $17,368.99 in Stock

Key Points

• Savers Value Village's General Counsel Richard Medway sold 1,333 shares of the company stock for $17,368.99 at an average price of $13.03.
• The company's recent quarterly earnings report showed earnings per share of $0.14, surpassing estimates, with a revenue of $417.21 million.
• Several institutional investors have recently increased their stakes in Savers Value Village, with 98.78% of the stock now owned by hedge funds and other institutional investors.

Savers Value Village, Inc. (NYSE:SVV - Get Free Report) General Counsel Richard Medway sold 1,333 shares of the business's stock in a transaction that occurred on Thursday, September 11th. The stock was sold at an average price of $13.03, for a total value of $17,368.99. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Savers Value Village Price Performance

Shares of SVV traded up $0.31 during mid-day trading on Monday, hitting $12.75. 2,053,482 shares of the stock were exchanged, compared to its average volume of 871,824. The company has a market cap of $1.98 billion, a PE ratio of 60.69 and a beta of 1.02. Savers Value Village, Inc. has a 52-week low of $6.48 and a 52-week high of $13.11. The firm has a 50-day moving average of $11.19 and a two-hundred day moving average of $9.85. The company has a debt-to-equity ratio of 1.65, a quick ratio of 0.51 and a current ratio of 0.69.

Savers Value Village (NYSE:SVV - Get Free Report) last issued its quarterly earnings data on Thursday, July 31st. The company reported $0.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.12 by $0.02. Savers Value Village had a return on equity of 8.85% and a net margin of 2.14%.The business had revenue of $417.21 million for the quarter, compared to analysts' expectations of $405.75 million. During the same period in the prior year, the firm earned $0.14 EPS. The company's revenue for the quarter was up 7.9% on a year-over-year basis. Savers Value Village has set its FY 2025 guidance at 0.410-0.480 EPS. On average, equities analysts predict that Savers Value Village, Inc. will post 0.28 earnings per share for the current year.

Institutional Investors Weigh In On Savers Value Village

A number of hedge funds have recently made changes to their positions in SVV. BNP Paribas Financial Markets purchased a new stake in Savers Value Village in the fourth quarter valued at about $36,000. Sandia Investment Management LP purchased a new position in shares of Savers Value Village in the second quarter worth about $51,000. Lazard Asset Management LLC purchased a new position in shares of Savers Value Village in the second quarter worth about $57,000. GAMMA Investing LLC raised its stake 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 worth $41,000 after purchasing an additional 4,671 shares during the last quarter. Finally, Versant Capital Management Inc purchased a new position in shares of Savers Value Village in the first quarter worth about $51,000. 98.78% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms recently weighed in on SVV. Wall Street Zen upgraded Savers Value Village from a "hold" rating to a "buy" rating in a report on Saturday, August 2nd. Piper Sandler increased their price target on Savers Value Village from $11.00 to $12.00 and gave the stock a "neutral" rating in a research report on Friday, August 1st. JPMorgan Chase & Co. increased their price target on Savers Value Village from $9.00 to $11.00 and gave the stock a "neutral" rating in a research report on Monday, July 28th. Northland Capmk raised Savers Value Village to a "strong-buy" rating in a research report on Tuesday, June 10th. Finally, Northland Securities initiated coverage on Savers Value Village in a research report on Tuesday, June 10th. They set an "outperform" rating and a $15.00 price target on the stock. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, Savers Value Village presently has a consensus rating of "Moderate Buy" and a consensus price target of $12.20.

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.

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