Savers Value Village (NYSE:SVV) Shares Gap Down Following Weak Earnings

Shares of Savers Value Village, Inc. (NYSE:SVV) gapped down prior to trading on Friday following a dissappointing earnings announcement. The stock had previously closed at $11.26, but opened at $10.38. Savers Value Village shares last traded at $9.39, with a volume of 507,887 shares.

The company reported $0.05 earnings per share for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.04). Savers Value Village had a return on equity of 9.11% and a net margin of 4.93%. The business had revenue of $401.99 million for the quarter, compared to analyst estimates of $402.00 million.

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 stock a “neutral” rating in a report on Friday, January 17th. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $12.20.

Insider Buying and Selling at Savers Value Village

In related news, General Counsel Richard A. Medway sold 4,800 shares of the firm’s stock in a transaction on Tuesday, January 21st. The stock was sold at an average price of $11.48, for a total value of $55,104.00. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 2.38% of the company’s stock.

Institutional Investors Weigh In On Savers Value Village

Large investors have recently bought and sold shares of the company. AIA Group Ltd lifted its position in shares of Savers Value Village by 120.6% during the 3rd quarter. AIA Group Ltd now owns 106,641 shares of the company’s stock worth $1,122,000 after buying an additional 58,297 shares during the last quarter. GSA Capital Partners LLP bought a new position in shares of Savers Value Village in the third quarter worth about $248,000. Baillie Gifford & Co. boosted its stake in shares of Savers Value Village by 34.8% in the 3rd quarter. Baillie Gifford & Co. now owns 550,634 shares of the company’s stock valued at $5,793,000 after purchasing an additional 142,101 shares in the last quarter. Aigen Investment Management LP grew its holdings in shares of Savers Value Village by 29.0% during the 3rd quarter. Aigen Investment Management LP now owns 15,449 shares of the company’s stock valued at $163,000 after purchasing an additional 3,477 shares during the last quarter. Finally, Primecap Management Co. CA acquired a new position in Savers Value Village during the 3rd quarter worth approximately $651,000. 98.78% of the stock is currently owned by institutional investors and hedge funds.

Savers Value Village Stock Performance

The company has a debt-to-equity ratio of 1.70, a quick ratio of 0.86 and a current ratio of 1.04. The firm has a market cap of $1.49 billion, a P/E ratio of 20.34 and a beta of 1.09. The company’s 50 day moving average is $10.68 and its 200 day moving average is $10.07.

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.