Savers Value Village (NYSE:SVV) Shares Gap Up – What’s Next?

Savers Value Village, Inc. (NYSE:SVV) gapped up prior to trading on Thursday . The stock had previously closed at $9.57, but opened at $9.80. Savers Value Village shares last traded at $9.69, with a volume of 2,662,557 shares traded.

Analyst Upgrades and Downgrades

Several research analysts have commented on SVV shares. William Blair started coverage on shares of Savers Value Village in a report on Friday, April 4th. They issued an “outperform” rating for the company. The Goldman Sachs Group upped their target price on shares of Savers Value Village from $9.00 to $10.00 and gave the stock a “neutral” rating in a research report on Friday, May 2nd. JPMorgan Chase & Co. reduced their target price on shares of 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. Piper Sandler upped their target price on shares of Savers Value Village from $10.00 to $11.00 and gave the stock a “neutral” rating in a research report on Friday, May 2nd. Finally, UBS Group reduced their target price on shares of Savers Value Village from $14.00 to $13.00 and set a “buy” rating on the stock in a research report on Friday, February 21st. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $11.83.

Savers Value Village Stock Performance

The stock has a market cap of $1.59 billion, a P/E ratio of 56.03 and a beta of 0.95. 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’s 50-day moving average price is $8.61 and its 200-day moving average price is $9.47.

Savers Value Village (NYSE:SVV) last released its quarterly earnings data 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 company had revenue of $401.99 million for the quarter, compared to the consensus estimate of $402.00 million. Savers Value Village had a net margin of 1.89% and a return on equity of 8.74%. Sell-side analysts expect that Savers Value Village, Inc. will post 0.28 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Savers Value Village news, insider T. Charles Hunsinger purchased 6,000 shares of Savers Value Village stock in a transaction that occurred on Friday, March 7th. The shares were bought at an average price of $7.25 per share, for a total transaction of $43,500.00. Following the completion of the transaction, the insider now owns 14,100 shares of the company’s stock, valued at approximately $102,225. This trade represents a 74.07% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, General Counsel Richard A. Medway sold 16,490 shares of the business’s stock in a transaction on Thursday, May 8th. The stock was sold at an average price of $11.49, for a total transaction of $189,470.10. The disclosure for this sale can be found here. 2.38% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Savers Value Village

Large investors have recently bought and sold shares of the business. BNP Paribas Financial Markets bought a new position in Savers Value Village during the fourth quarter valued at $36,000. GAMMA Investing LLC increased its position in Savers Value Village by 386.7% during the first quarter. GAMMA Investing LLC now owns 5,879 shares of the company’s stock valued at $41,000 after acquiring an additional 4,671 shares during the last quarter. Versant Capital Management Inc bought a new position in Savers Value Village during the first quarter valued at $51,000. KLP Kapitalforvaltning AS bought a new position in Savers Value Village during the fourth quarter valued at $57,000. Finally, Walleye Capital LLC bought a new position in Savers Value Village during the first quarter valued at $74,000. Institutional investors 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.