Savers Value Village (NYSE:SVV) Stock Price Down 8.2% After Analyst Downgrade

Savers Value Village, Inc. (NYSE:SVV)’s share price dropped 8.2% on Monday 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 $8.30 and last traded at $8.33. Approximately 606,213 shares traded hands during mid-day trading, a decline of 2% from the average daily volume of 616,554 shares. The stock had previously closed at $9.07.

Other analysts have also issued reports about the company. UBS Group lowered their price target on Savers Value Village from $14.00 to $13.00 and set a “buy” rating on the stock in a research note on Friday, February 21st. JPMorgan Chase & Co. cut their price target on shares of Savers Value Village from $10.00 to $9.00 and set a “neutral” rating for the company in a report on Friday, February 21st. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, Savers Value Village currently has an average rating of “Moderate Buy” and an average target price of $11.67.

Insider Transactions 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 shares were sold at an average price of $11.48, for a total value of $55,104.00. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 2.38% of the company’s stock.

Hedge Funds Weigh In On Savers Value Village

Several large investors have recently bought and sold shares of the stock. BNP Paribas Financial Markets acquired a new stake in shares of Savers Value Village during the fourth quarter worth about $36,000. KLP Kapitalforvaltning AS purchased a new position in Savers Value Village during the 4th quarter worth approximately $57,000. Wexford Capital LP acquired a new position in Savers Value Village during the fourth quarter worth approximately $106,000. Wells Fargo & Company MN lifted its stake in Savers Value Village by 51.7% in the fourth quarter. Wells Fargo & Company MN now owns 10,931 shares of the company’s stock valued at $112,000 after buying an additional 3,725 shares during the last quarter. Finally, AlphaQuest LLC acquired a new stake in shares of Savers Value Village in the fourth quarter valued at approximately $113,000. Institutional investors and hedge funds own 98.78% of the company’s stock.

Savers Value Village Price Performance

The company has a fifty day moving average price of $10.58 and a two-hundred day moving average price of $10.05. The firm has a market capitalization of $1.26 billion, a price-to-earnings ratio of 43.92 and a beta of 1.09. The company has a quick ratio of 0.86, a current ratio of 1.04 and a debt-to-equity ratio of 1.70.

Savers Value Village (NYSE:SVV) last issued its quarterly 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 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%. On average, equities research analysts expect that Savers Value Village, Inc. will post 0.28 EPS for the current fiscal year.

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.