Melinda Geisser Sells 14,059 Shares of Savers Value Village (NYSE:SVV) Stock

Savers Value Village, Inc. (NYSE:SVV) insider Melinda Geisser sold 14,059 shares of the business’s stock in a transaction dated Monday, August 3rd. The stock was sold at an average price of $10.48, for a total value of $147,338.32. Following the transaction, the insider directly owned 10,576 shares of the company’s stock, valued at $110,836.48. This represents a 57.07% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Savers Value Village Price Performance

Shares of NYSE:SVV opened at $10.89 on Thursday. The company has a market cap of $1.68 billion, a price-to-earnings ratio of 77.79 and a beta of 1.21. The business has a 50 day moving average price of $9.77 and a 200 day moving average price of $9.21. The company has a quick ratio of 0.59, a current ratio of 0.79 and a debt-to-equity ratio of 1.64. Savers Value Village, Inc. has a twelve month low of $6.91 and a twelve month high of $13.89.

Savers Value Village (NYSE:SVV) last issued its quarterly earnings results on Wednesday, May 6th. The company reported $0.02 EPS for the quarter, hitting the consensus estimate of $0.02. Savers Value Village had a return on equity of 12.47% and a net margin of 1.29%.The company had revenue of $403.19 million for the quarter, compared to the consensus estimate of $394.53 million. During the same period in the previous year, the business posted $0.02 EPS. The company’s revenue for the quarter was up 8.9% on a year-over-year basis. Research analysts predict that Savers Value Village, Inc. will post 0.35 earnings per share for the current year.

Analysts Set New Price Targets

SVV has been the subject of several research analyst reports. Weiss Ratings cut shares of Savers Value Village from a “sell (d+)” rating to a “sell (d)” rating in a research note on Thursday, May 7th. Robert W. Baird decreased their price target on shares of Savers Value Village from $13.00 to $12.00 and set an “outperform” rating on the stock in a research report on Thursday, May 7th. BTIG Research dropped their price objective on shares of Savers Value Village from $18.00 to $15.00 and set a “buy” rating on the stock in a report on Thursday, May 7th. Finally, Piper Sandler cut their price objective on shares of Savers Value Village from $12.00 to $11.00 and set a “neutral” rating for the company in a research report on Monday, May 4th. Four equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $14.60.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of SVV. Handelsbanken Fonder AB increased its holdings in Savers Value Village by 81.7% in the 2nd quarter. Handelsbanken Fonder AB now owns 38,700 shares of the company’s stock valued at $390,000 after buying an additional 17,400 shares during the period. Militia Capital Management LLC bought a new position in shares of Savers Value Village during the 1st quarter worth about $2,858,000. Bank of America Corp DE lifted its holdings in shares of Savers Value Village by 4.5% during the 1st quarter. Bank of America Corp DE now owns 119,931 shares of the company’s stock worth $892,000 after acquiring an additional 5,166 shares during the period. Royal Bank of Canada boosted its position in shares of Savers Value Village by 801.5% during the 1st quarter. Royal Bank of Canada now owns 11,233 shares of the company’s stock valued at $83,000 after acquiring an additional 9,987 shares in the last quarter. Finally, Quantinno Capital Management LP boosted its position in shares of Savers Value Village by 102.9% during the 1st quarter. Quantinno Capital Management LP now owns 150,695 shares of the company’s stock valued at $1,121,000 after acquiring an additional 76,430 shares in the last quarter. 98.78% of the stock is owned by institutional investors.

Savers Value Village Company Profile

Savers Value Village, Inc (NYSE: SVV) is a publicly traded thrift retailer that operates a network of donation-based retail stores. Headquartered in Bellevue, Washington, the company specializes in selling second-hand apparel, footwear, household items, accessories and other pre-owned goods. Through its retail stores, SVV offers value-conscious shoppers the opportunity to purchase quality, gently used merchandise at affordable prices.

At the heart of the company’s model is a partnership network with more than 500 nonprofit organizations across North America.