Savers Value Village, Inc. (NYSE:SVV) General Counsel Richard A. Medway Sells 4,800 Shares

Savers Value Village, Inc. (NYSE:SVV) General Counsel Richard A. Medway sold 4,800 shares of the company’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 filing with the SEC, which is accessible through this link.

Savers Value Village Price Performance

NYSE SVV traded down $0.04 during trading on Thursday, reaching $11.23. 326,782 shares of the company traded hands, compared to its average volume of 669,313. The stock’s 50 day moving average price is $9.94 and its two-hundred day moving average price is $10.03. Savers Value Village, Inc. has a 1-year low of $7.78 and a 1-year high of $21.33. The company has a market cap of $1.79 billion, a price-to-earnings ratio of 24.40 and a beta of 1.04. 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 earnings results on Thursday, November 7th. The company reported $0.11 earnings per share for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.06). Savers Value Village had a net margin of 4.93% and a return on equity of 9.11%. The business had revenue of $394.80 million during the quarter, compared to analyst estimates of $401.94 million. During the same quarter last year, the business posted ($0.05) earnings per share. As a group, analysts anticipate that Savers Value Village, Inc. will post 0.28 EPS for the current year.

Analyst Upgrades and Downgrades

Separately, Piper Sandler boosted their price target on shares of Savers Value Village from $10.00 to $11.00 and gave the stock a “neutral” rating in a research report on Friday, January 17th. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, Savers Value Village currently has a consensus rating of “Hold” and an average target price of $12.20.

Institutional Trading of Savers Value Village

Several hedge funds have recently added to or reduced their stakes in SVV. Makaira Partners LLC acquired a new position in shares of Savers Value Village during the second quarter worth about $27,418,000. FMR LLC grew its position in shares of Savers Value Village by 30.8% in the 3rd quarter. FMR LLC now owns 3,437,895 shares of the company’s stock valued at $36,167,000 after acquiring an additional 808,867 shares during the period. The Manufacturers Life Insurance Company raised its stake in Savers Value Village by 34.3% in the second quarter. The Manufacturers Life Insurance Company now owns 1,883,269 shares of the company’s stock valued at $23,051,000 after buying an additional 481,423 shares during the period. Maverick Capital Ltd. bought a new position in Savers Value Village during the third quarter worth $2,163,000. Finally, PDT Partners LLC bought a new position in Savers Value Village in the 3rd quarter valued at about $1,698,000. 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.