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

Savers Value Village, Inc. (NYSE:SVV) General Counsel Richard A. Medway sold 16,490 shares of Savers Value Village 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Savers Value Village Price Performance

Shares of SVV opened at $9.98 on Wednesday. The business’s 50-day moving average is $8.44 and its two-hundred day moving average is $9.47. The company has a market capitalization of $1.57 billion, a P/E ratio of 55.45 and a beta of 0.95. Savers Value Village, Inc. has a fifty-two week low of $6.48 and a fifty-two week high of $14.71. The company has a debt-to-equity ratio of 1.70, a quick ratio of 0.86 and a current ratio of 1.04.

Savers Value Village (NYSE:SVV) last announced its quarterly earnings results on Thursday, February 20th. The company reported $0.05 earnings per share for the quarter, missing the consensus estimate of $0.09 by ($0.04). Savers Value Village had a net margin of 1.89% and a return on equity of 8.74%. The company had revenue of $401.99 million for the quarter, compared to analysts’ expectations of $402.00 million. Research analysts predict that Savers Value Village, Inc. will post 0.28 earnings per share for the current year.

Hedge Funds Weigh In On Savers Value Village

Large investors have recently made changes to their positions in the company. BNP Paribas Financial Markets acquired a new position in shares of Savers Value Village during the 4th quarter worth approximately $36,000. KLP Kapitalforvaltning AS purchased a new stake in shares of Savers Value Village during the fourth quarter worth about $57,000. GAMMA Investing LLC raised its position in shares of Savers Value Village by 386.7% during the 1st quarter. GAMMA Investing LLC now owns 5,879 shares of the company’s stock worth $41,000 after purchasing an additional 4,671 shares during the last quarter. Versant Capital Management Inc purchased a new position in Savers Value Village in the 1st quarter valued at about $51,000. Finally, Wexford Capital LP acquired a new stake in Savers Value Village in the 4th quarter worth about $106,000. 98.78% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

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.