Shares of Savers Value Village, Inc. (NYSE:SVV - Get Free Report) gapped down before the market opened on Tuesday following insider selling activity. The stock had previously closed at $11.30, but opened at $10.33. Savers Value Village shares last traded at $10.14, with a volume of 72,675 shares changing hands.
Specifically, General Counsel Richard A. Medway sold 16,490 shares of the company's stock in a transaction dated Thursday, May 8th. The shares were sold at an average price of $11.49, for a total transaction of $189,470.10. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.
Wall Street Analysts Forecast Growth
Several equities analysts recently weighed in on SVV shares. JPMorgan Chase & Co. cut their price target on shares of Savers Value Village from $10.00 to $9.00 and set a "neutral" rating on the stock in a report on Friday, February 21st. UBS Group cut their price target on shares of Savers Value Village from $14.00 to $13.00 and set a "buy" rating on the stock in a report on Friday, February 21st. William Blair started coverage on shares of Savers Value Village in a report on Friday, April 4th. They issued an "outperform" rating on the stock. The Goldman Sachs Group increased their price target on shares of Savers Value Village from $9.00 to $10.00 and gave the stock a "neutral" rating in a report on Friday, May 2nd. Finally, Piper Sandler increased 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, May 2nd. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat.com, Savers Value Village presently has a consensus rating of "Moderate Buy" and a consensus price target of $11.83.
View Our Latest Research Report on SVV
Savers Value Village Stock Up 4.7%
The firm has a market cap of $1.59 billion, a price-to-earnings ratio of 56.03 and a beta of 0.95. The business's 50 day moving average price is $8.61 and its 200 day moving average price is $9.46. The company has a debt-to-equity ratio of 1.70, a quick ratio of 0.86 and a current ratio of 1.04.
Savers Value Village (NYSE:SVV - Get Free Report) last issued its quarterly earnings data on Thursday, February 20th. The company reported $0.05 EPS for the quarter, missing analysts' consensus estimates of $0.09 by ($0.04). The firm had revenue of $401.99 million for the quarter, compared to analyst estimates of $402.00 million. Savers Value Village had a return on equity of 8.74% and a net margin of 1.89%. On average, equities analysts forecast that Savers Value Village, Inc. will post 0.28 EPS for the current year.
Institutional Investors Weigh In On Savers Value Village
A number of hedge funds and other institutional investors have recently made changes to their positions in the company. AQR Capital Management LLC acquired a new stake in shares of Savers Value Village during the 1st quarter worth approximately $120,000. Maverick Capital Ltd. grew its stake in shares of Savers Value Village by 79.5% during the 1st quarter. Maverick Capital Ltd. now owns 49,092 shares of the company's stock worth $339,000 after purchasing an additional 21,743 shares during the period. Landscape Capital Management L.L.C. acquired a new stake in shares of Savers Value Village during the 1st quarter worth approximately $1,495,000. Walleye Capital LLC acquired a new stake in shares of Savers Value Village during the 1st quarter worth approximately $74,000. Finally, AlphaQuest LLC grew its stake in shares of Savers Value Village by 237.2% during the 1st quarter. AlphaQuest LLC now owns 37,206 shares of the company's stock worth $257,000 after purchasing an additional 26,172 shares during the period. Institutional investors and hedge funds own 98.78% of the company's stock.
About Savers Value Village
(
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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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