Savers Value Village (NYSE:SVV) Reaches New 1-Year Low on Analyst Downgrade

Savers Value Village, Inc. (NYSE:SVV)’s stock price hit a new 52-week low on Tuesday after Piper Sandler lowered their price target on the stock from $11.00 to $10.00. Piper Sandler currently has a neutral rating on the stock. Savers Value Village traded as low as $7.75 and last traded at $7.82, with a volume of 1537194 shares changing hands. The stock had previously closed at $9.07.

Other equities analysts also recently issued reports about the company. UBS Group reduced their price target on Savers Value Village from $14.00 to $13.00 and set a “buy” rating for the company in a report on Friday. JPMorgan Chase & Co. reduced their price target on Savers Value Village from $10.00 to $9.00 and set a “neutral” rating for the company in a report on Friday. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $11.67.

Insider Activity at Savers Value Village

In related news, General Counsel Richard A. Medway sold 4,800 shares of the stock in a transaction on Tuesday, January 21st. The stock was sold at an average price of $11.48, for a total transaction of $55,104.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 2.38% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Savers Value Village

Institutional investors have recently modified their holdings of the business. Geode Capital Management LLC boosted its position in shares of Savers Value Village by 10.2% during the third quarter. Geode Capital Management LLC now owns 542,999 shares of the company’s stock valued at $5,714,000 after buying an additional 50,051 shares during the last quarter. Baillie Gifford & Co. boosted its position in Savers Value Village by 570.0% in the fourth 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 during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new position in Savers Value Village in the third quarter worth about $252,000. FMR LLC boosted its position in Savers Value Village by 30.8% in the third quarter. FMR LLC now owns 3,437,895 shares of the company’s stock worth $36,167,000 after purchasing an additional 808,867 shares during the last quarter. Finally, AIA Group Ltd boosted its position in Savers Value Village by 120.6% in the third quarter. AIA Group Ltd now owns 106,641 shares of the company’s stock worth $1,122,000 after purchasing an additional 58,297 shares during the last quarter. 98.78% of the stock is owned by hedge funds and other institutional investors.

Savers Value Village Price Performance

The firm has a market capitalization of $1.25 billion, a PE ratio of 43.42 and a beta of 1.09. The company has a debt-to-equity ratio of 1.70, a current ratio of 1.04 and a quick ratio of 0.86. The firm has a 50-day simple moving average of $10.63 and a 200-day simple moving average of $10.05.

Savers Value Village (NYSE:SVV) last announced its earnings results on Thursday, February 20th. The company reported $0.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.09 by ($0.04). The firm had revenue of $401.99 million during the quarter, compared to analysts’ expectations 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, equities analysts forecast that Savers Value Village, Inc. will post 0.28 earnings per share for the current year.

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.