Savers Value Village, Inc. (NYSE:SVV) Insider Acquires $43,500.00 in Stock

Savers Value Village, Inc. (NYSE:SVV) insider T. Charles Hunsinger purchased 6,000 shares of the company’s stock in a transaction dated Friday, March 7th. The stock was purchased at an average price of $7.25 per share, with a total value of $43,500.00. Following the completion of the purchase, the insider now directly owns 14,100 shares in the company, valued at $102,225. The trade was a 74.07 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Savers Value Village Trading Down 2.5 %

Shares of NYSE:SVV traded down $0.18 during trading on Tuesday, reaching $6.86. The stock had a trading volume of 1,029,876 shares, compared to its average volume of 722,191. 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’s fifty day moving average is $10.04 and its 200 day moving average is $9.93. Savers Value Village, Inc. has a 52 week low of $6.48 and a 52 week high of $19.98. The stock has a market cap of $1.09 billion, a price-to-earnings ratio of 38.09 and a beta of 1.41.

Savers Value Village (NYSE:SVV) last announced its earnings results on Thursday, February 20th. The company reported $0.05 EPS for the quarter, missing the consensus estimate of $0.09 by ($0.04). The business 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%. As a group, equities analysts forecast that Savers Value Village, Inc. will post 0.28 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts have recently commented on SVV shares. JPMorgan Chase & Co. cut 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. 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 report on Friday, February 21st. Finally, Piper Sandler dropped their price target on shares of Savers Value Village from $11.00 to $10.00 and set a “neutral” rating for the company in a research note on Monday, February 24th. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $11.67.

Institutional Trading of Savers Value Village

Several large investors have recently modified their holdings of the stock. BNP Paribas Financial Markets acquired a new stake in Savers Value Village in the fourth quarter worth $36,000. KLP Kapitalforvaltning AS bought a new position in shares of Savers Value Village during the 4th quarter worth about $57,000. Wexford Capital LP acquired a new stake in shares of Savers Value Village in the 4th quarter valued at about $106,000. Wells Fargo & Company MN increased its position in Savers Value Village by 51.7% in the 4th quarter. Wells Fargo & Company MN now owns 10,931 shares of the company’s stock valued at $112,000 after buying an additional 3,725 shares in the last quarter. Finally, AlphaQuest LLC acquired a new position in Savers Value Village during the 4th quarter worth approximately $113,000. Institutional investors and hedge funds own 98.78% of the company’s stock.

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.