Savers Value Village (NYSE:SVV) Stock Price Down 6% - Here's What Happened

Savers Value Village, Inc. (NYSE:SVV - Get Free Report)'s stock price dropped 6% on Monday . The company traded as low as $10.58 and last traded at $10.57. Approximately 388,833 shares were traded during trading, a decline of 50% from the average daily volume of 774,646 shares. The stock had previously closed at $11.24.

Analysts Set New Price Targets

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

Savers Value Village Trading Up 0.8 %

The company has a market cap of $1.80 billion, a PE ratio of 63.28 and a beta of 0.95. 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 firm has a fifty day moving average of $8.13 and a two-hundred day moving average of $9.43.

Savers Value Village (NYSE:SVV - Get Free Report) last released its earnings results on Thursday, February 20th. The company reported $0.05 earnings per share for the quarter, missing analysts' consensus estimates of $0.09 by ($0.04). The company had revenue of $401.99 million during the quarter, compared to the consensus estimate of $402.00 million. Savers Value Village had a net margin of 1.89% and a return on equity of 8.74%. As a group, sell-side analysts predict that Savers Value Village, Inc. will post 0.28 EPS for the current year.

Insider Activity

In related news, insider T. Charles Hunsinger acquired 6,000 shares of the business's stock in a transaction on Friday, March 7th. The stock was acquired at an average cost of $7.25 per share, with a total value of $43,500.00. Following the acquisition, the insider now directly owns 14,100 shares in the company, valued at $102,225. This represents a 74.07 % increase in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 2.38% of the company's stock.

Institutional Trading of Savers Value Village

Several institutional investors and hedge funds have recently made changes to their positions in the business. Baillie Gifford & Co. boosted its position in Savers Value Village by 570.0% in the 4th quarter. Baillie Gifford & Co. now owns 3,689,478 shares of the company's stock worth $37,817,000 after purchasing an additional 3,138,844 shares in the last quarter. T. Rowe Price Investment Management Inc. boosted its stake in shares of Savers Value Village by 49.3% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 5,969,900 shares of the company's stock valued at $61,192,000 after buying an additional 1,970,894 shares during the period. Ameriprise Financial Inc. acquired a new stake in shares of Savers Value Village in the 4th quarter valued at $11,324,000. Marshall Wace LLP increased its holdings in shares of Savers Value Village by 1,328.7% in the 4th quarter. Marshall Wace LLP now owns 541,103 shares of the company's stock valued at $5,546,000 after acquiring an additional 503,230 shares during the last quarter. Finally, Primecap Management Co. CA boosted its stake in Savers Value Village by 662.1% in the fourth quarter. Primecap Management Co. CA now owns 471,750 shares of the company's stock valued at $4,835,000 after acquiring an additional 409,850 shares in the last quarter. 98.78% of the stock is currently owned by 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.