Savers Value Village, Inc. (NYSE:SVV) General Counsel Richard A. Medway Sells 4,800 Shares

Savers Value Village, Inc. (NYSE:SVV) General Counsel Richard A. Medway sold 4,800 shares of Savers Value Village stock in a transaction that occurred on Tuesday, January 21st. The stock was sold at an average price of $11.48, for a total value of $55,104.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Savers Value Village Stock Down 0.3 %

Shares of NYSE:SVV opened at $11.23 on Friday. The company has a market capitalization of $1.79 billion, a P/E ratio of 24.40 and a beta of 1.04. Savers Value Village, Inc. has a 52-week low of $7.78 and a 52-week high of $21.33. The company has a quick ratio of 0.86, a current ratio of 1.04 and a debt-to-equity ratio of 1.70. The stock’s fifty day simple moving average is $9.94 and its 200-day simple moving average is $10.03.

Savers Value Village (NYSE:SVV) last posted its quarterly earnings results on Thursday, November 7th. The company reported $0.11 earnings per share for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.06). Savers Value Village had a return on equity of 9.11% and a net margin of 4.93%. The company had revenue of $394.80 million for the quarter, compared to analysts’ expectations of $401.94 million. During the same period in the prior year, the business earned ($0.05) EPS. As a group, equities research analysts forecast 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

Institutional investors have recently added to or reduced their stakes in the company. Makaira Partners LLC acquired a new position in shares of Savers Value Village in the 2nd quarter valued at about $27,418,000. FMR LLC lifted its position in Savers Value Village by 30.8% during the third quarter. FMR LLC now owns 3,437,895 shares of the company’s stock valued at $36,167,000 after buying an additional 808,867 shares in the last quarter. The Manufacturers Life Insurance Company lifted its position in Savers Value Village by 34.3% during the second quarter. The Manufacturers Life Insurance Company now owns 1,883,269 shares of the company’s stock valued at $23,051,000 after buying an additional 481,423 shares in the last quarter. Maverick Capital Ltd. purchased a new stake in Savers Value Village during the third quarter worth approximately $2,163,000. Finally, PDT Partners LLC acquired a new stake in shares of Savers Value Village in the third quarter worth $1,698,000. Hedge funds and other institutional investors own 98.78% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Piper Sandler lifted their target price on shares of Savers Value Village from $10.00 to $11.00 and gave the company a “neutral” rating in a report on Friday, January 17th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $12.20.

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.