Savers Value Village, Inc. (NYSE:SVV) General Counsel Richard A. Medway Sells 16,490 Shares

Savers Value Village, Inc. (NYSE:SVV) General Counsel Richard A. Medway sold 16,490 shares of the stock in a transaction that occurred on Thursday, May 8th. The shares were sold at an average price of $11.49, for a total value of $189,470.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Savers Value Village Price Performance

Savers Value Village stock opened at $9.98 on Wednesday. The stock’s 50 day moving average is $8.44 and its 200 day moving average is $9.47. 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 market cap of $1.57 billion, a P/E ratio of 55.45 and a beta of 0.95. Savers Value Village, Inc. has a one year low of $6.48 and a one year high of $14.71.

Savers Value Village (NYSE:SVV) last posted its quarterly earnings data on Thursday, February 20th. The company reported $0.05 EPS 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 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, research analysts expect that Savers Value Village, Inc. will post 0.28 EPS for the current year.

Analysts Set New Price Targets

SVV has been the subject of several recent analyst reports. UBS Group cut their price objective on 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 increased their price target on Savers Value Village from $10.00 to $11.00 and gave the company a “neutral” rating in a research note on Friday, May 2nd. JPMorgan Chase & Co. decreased their target price on Savers Value Village from $10.00 to $9.00 and set a “neutral” rating on the stock in a research report on Friday, February 21st. The Goldman Sachs Group lifted their price target on 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, William Blair started coverage on Savers Value Village in a research note on Friday, April 4th. They set an “outperform” rating on the stock. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, Savers Value Village currently has an average rating of “Moderate Buy” and a consensus price target of $11.83.

Hedge Funds Weigh In On Savers Value Village

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Baillie Gifford & Co. lifted its stake in shares of 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 acquiring an additional 3,138,844 shares during the period. Primecap Management Co. CA lifted its stake in shares of Savers Value Village by 662.1% in the fourth quarter. Primecap Management Co. CA now owns 471,750 shares of the company’s stock worth $4,835,000 after acquiring an additional 409,850 shares during the period. Bank of New York Mellon Corp lifted its stake in shares of Savers Value Village by 94.0% in the fourth quarter. Bank of New York Mellon Corp now owns 124,901 shares of the company’s stock worth $1,280,000 after acquiring an additional 60,507 shares during the period. Vanguard Group Inc. increased its holdings 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 worth $24,422,000 after purchasing an additional 68,316 shares in the last quarter. Finally, Renaissance Technologies LLC increased its holdings in Savers Value Village by 389.9% in the fourth quarter. Renaissance Technologies LLC now owns 82,800 shares of the company’s stock worth $849,000 after purchasing an additional 65,900 shares in the last quarter. 98.78% of the stock is owned by institutional investors and hedge funds.

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.