Savers Value Village (NYSE:SVV) Shares Gap Down Following Insider Selling

Savers Value Village, Inc. (NYSE:SVV - Get Free Report) shares gapped down before the market opened on Tuesday after an insider sold shares in the company. 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.

Specifically, General Counsel Richard A. Medway sold 16,490 shares of the company's stock in a transaction on Thursday, May 8th. The stock was sold at an average price of $11.49, for a total transaction of $189,470.10. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the company. The Goldman Sachs Group upped their price objective on Savers Value Village from $9.00 to $10.00 and gave the stock a "neutral" rating in a research report on Friday, May 2nd. JPMorgan Chase & Co. decreased their target price on shares of Savers Value Village from $10.00 to $9.00 and set a "neutral" rating for the company in a research note on Friday, February 21st. UBS Group dropped their target price on shares of Savers Value Village from $14.00 to $13.00 and set a "buy" rating for the company in a report on Friday, February 21st. Piper Sandler raised their target price on shares of Savers Value Village from $10.00 to $11.00 and gave the stock a "neutral" rating in a research report on Friday, May 2nd. Finally, William Blair began coverage on shares of Savers Value Village in a report on Friday, April 4th. They set an "outperform" rating on the stock. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $11.83.

Savers Value Village Trading Up 1.7%

The company has a current ratio of 1.04, a quick ratio of 0.86 and a debt-to-equity ratio of 1.70. The business's fifty day simple moving average is $8.54 and its two-hundred day simple moving average is $9.46. The stock has a market capitalization of $1.54 billion, a P/E ratio of 54.64 and a beta of 0.95.

Savers Value Village (NYSE:SVV - Get Free Report) last issued its quarterly earnings results on Thursday, February 20th. The company reported $0.05 EPS for the quarter, missing the consensus estimate of $0.09 by ($0.04). The business 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%. As a group, analysts forecast that Savers Value Village, Inc. will post 0.28 earnings per share for the current year.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. T. Rowe Price Investment Management Inc. grew its position in Savers Value Village by 19.6% in the 1st quarter. T. Rowe Price Investment Management Inc. now owns 7,137,153 shares of the company's stock valued at $49,247,000 after purchasing an additional 1,167,253 shares during the period. Baillie Gifford & Co. lifted its position in Savers Value Village by 76.4% in the 1st quarter. Baillie Gifford & Co. now owns 6,509,978 shares of the company's stock worth $44,919,000 after buying an additional 2,820,500 shares during the last quarter. Vanguard Group Inc. lifted its position in Savers Value Village by 3.0% in the fourth quarter. Vanguard Group Inc. now owns 2,382,647 shares of the company's stock valued at $24,422,000 after purchasing an additional 68,316 shares during the last quarter. Ameriprise Financial Inc. bought a new position in shares of Savers Value Village during the fourth quarter valued at approximately $11,324,000. Finally, Geode Capital Management LLC increased its stake in shares of Savers Value Village by 2.2% during the fourth quarter. Geode Capital Management LLC now owns 554,854 shares of the company's stock valued at $5,689,000 after purchasing an additional 11,855 shares in the last quarter. Institutional investors own 98.78% of the company's stock.

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.