Savers Value Village (NYSE:SVV) Sees Unusually-High Trading Volume – Here’s What Happened

Savers Value Village, Inc. (NYSE:SVV) saw an uptick in trading volume on Friday . 792,407 shares were traded during trading, an increase of 11% from the previous session’s volume of 715,812 shares.The stock last traded at $10.13 and had previously closed at $10.23.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on SVV. Robert W. Baird cut their target price on shares of Savers Value Village from $21.00 to $13.00 and set an “outperform” rating for the company in a report on Friday, August 9th. JPMorgan Chase & Co. cut shares of Savers Value Village from an “overweight” rating to a “neutral” rating and dropped their price target for the company from $21.00 to $12.00 in a research note on Monday, July 22nd. Loop Capital dropped their price target on shares of Savers Value Village from $23.00 to $15.00 and set a “buy” rating on the stock in a research note on Monday, August 12th. Piper Sandler dropped their price target on shares of Savers Value Village from $13.00 to $11.00 and set an “overweight” rating on the stock in a research note on Friday, August 9th. Finally, The Goldman Sachs Group cut shares of Savers Value Village from a “buy” rating to a “neutral” rating and dropped their price target for the company from $14.00 to $10.00 in a research note on Friday, August 9th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $12.20.

Savers Value Village Price Performance

The stock’s 50-day moving average price is $9.91 and its 200 day moving average price is $11.67. The company has a quick ratio of 0.87, a current ratio of 1.03 and a debt-to-equity ratio of 1.75. The firm has a market capitalization of $1.65 billion, a price-to-earnings ratio of 44.70 and a beta of 1.59.

Savers Value Village (NYSE:SVV) last released its quarterly earnings data on Thursday, August 8th. The company reported $0.14 EPS for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.06). The business had revenue of $396.70 million during the quarter, compared to analyst estimates of $391.13 million. Savers Value Village had a net margin of 2.47% and a return on equity of 2.88%. The firm’s revenue was up 4.6% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.22 EPS. Equities research analysts expect that Savers Value Village, Inc. will post 0.28 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Savers Value Village

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Makaira Partners LLC acquired a new stake in shares of Savers Value Village in the second quarter valued at approximately $27,418,000. Thrivent Financial for Lutherans grew its stake in shares of Savers Value Village by 329.5% in the 2nd quarter. Thrivent Financial for Lutherans now owns 2,068,621 shares of the company’s stock valued at $25,320,000 after buying an additional 1,586,964 shares during the period. The Manufacturers Life Insurance Company increased its holdings in shares of Savers Value Village by 34.3% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 1,883,269 shares of the company’s stock worth $23,051,000 after buying an additional 481,423 shares during the last quarter. Baillie Gifford & Co. purchased a new stake in shares of Savers Value Village during the 2nd quarter valued at approximately $5,000,000. Finally, Millennium Management LLC lifted its holdings in Savers Value Village by 79.3% in the second quarter. Millennium Management LLC now owns 316,097 shares of the company’s stock valued at $3,869,000 after acquiring an additional 139,811 shares during the last quarter. Institutional investors and hedge funds 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.