Savers Value Village (NYSE:SVV) Trading Up 7.5% – Still a Buy?

Savers Value Village, Inc. (NYSE:SVV)’s stock price was up 7.5% during mid-day trading on Tuesday . The stock traded as high as $8.90 and last traded at $8.8650. Approximately 204,182 shares were traded during mid-day trading, a decline of 81% from the average daily volume of 1,048,792 shares. The stock had previously closed at $8.25.

Analyst Upgrades and Downgrades

SVV has been the subject of a number of research reports. UBS Group raised their price objective on Savers Value Village from $13.00 to $16.00 and gave the company a “buy” rating in a research note on Friday, October 31st. Piper Sandler increased their target price on Savers Value Village from $11.00 to $12.00 and gave the stock a “neutral” rating in a report on Friday, August 1st. BTIG Research initiated coverage on shares of Savers Value Village in a research report on Tuesday, October 14th. They issued a “buy” rating and a $18.00 price target for the company. Wall Street Zen lowered shares of Savers Value Village from a “buy” rating to a “hold” rating in a report on Saturday, November 8th. Finally, Weiss Ratings reissued a “sell (d)” rating on shares of Savers Value Village in a research report on Wednesday, November 19th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Savers Value Village has a consensus rating of “Moderate Buy” and a consensus target price of $13.67.

Savers Value Village Price Performance

The stock has a market cap of $1.38 billion, a PE ratio of -884.62 and a beta of 1.02. The company has a debt-to-equity ratio of 1.76, a quick ratio of 0.61 and a current ratio of 0.81. The business has a 50 day moving average price of $11.39 and a two-hundred day moving average price of $11.02.

Savers Value Village (NYSE:SVV) last announced its quarterly earnings data on Wednesday, January 15th. The company reported $0.18 earnings per share (EPS) for the quarter. The firm had revenue of $394.80 million during the quarter. Savers Value Village had a positive return on equity of 9.18% and a negative net margin of 0.11%. Research 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 news, General Counsel Richard A. Medway sold 20,000 shares of the firm’s stock in a transaction that occurred on Friday, September 26th. The shares were sold at an average price of $13.69, for a total transaction of $273,800.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Mark T. Walsh sold 34,184 shares of Savers Value Village stock in a transaction dated Wednesday, September 24th. The stock was sold at an average price of $13.08, for a total value of $447,126.72. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 180,000 shares of company stock worth $2,327,099. Insiders own 3.09% of the company’s stock.

Institutional Trading of Savers Value Village

Hedge funds and other institutional investors have recently modified their holdings of the business. Caitong International Asset Management Co. Ltd boosted its holdings in Savers Value Village by 281.8% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 1,909 shares of the company’s stock worth $25,000 after buying an additional 1,409 shares during the period. Sandia Investment Management LP purchased a new stake in shares of Savers Value Village during the second quarter worth $51,000. Lazard Asset Management LLC purchased a new stake in shares of Savers Value Village during the second quarter worth $57,000. State of Alaska Department of Revenue bought a new position in shares of Savers Value Village in the third quarter worth $107,000. Finally, Salem Investment Counselors Inc. purchased a new position in shares of Savers Value Village in the third quarter valued at $119,000. 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.