Savers Value Village (NYSE:SVV) Insider Melinda Geisser Sells 14,059 Shares

Savers Value Village, Inc. (NYSE:SVV) insider Melinda Geisser sold 14,059 shares of the firm’s stock in a transaction on Monday, August 3rd. The shares were sold at an average price of $10.48, for a total transaction of $147,338.32. Following the completion of the transaction, the insider directly owned 10,576 shares of the company’s stock, valued at approximately $110,836.48. The trade was a 57.07% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Savers Value Village Trading Up 0.7%

Savers Value Village stock opened at $10.71 on Wednesday. The company has a debt-to-equity ratio of 1.64, a quick ratio of 0.59 and a current ratio of 0.79. Savers Value Village, Inc. has a fifty-two week low of $6.91 and a fifty-two week high of $13.89. The stock has a market cap of $1.65 billion, a P/E ratio of 76.47 and a beta of 1.21. The firm’s fifty day moving average price is $9.72 and its 200-day moving average price is $9.21.

Savers Value Village (NYSE:SVV) last posted its quarterly earnings data on Wednesday, May 6th. The company reported $0.02 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.02. Savers Value Village had a return on equity of 12.47% and a net margin of 1.29%.The company had revenue of $403.19 million during the quarter, compared to analyst estimates of $394.53 million. During the same quarter last year, the company earned $0.02 earnings per share. The firm’s quarterly revenue was up 8.9% on a year-over-year basis. Equities research analysts forecast that Savers Value Village, Inc. will post 0.35 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Savers Value Village

Several institutional investors and hedge funds have recently made changes to their positions in the business. Caitong International Asset Management Co. Ltd lifted its stake in Savers Value Village by 281.8% in the third quarter. Caitong International Asset Management Co. Ltd now owns 1,909 shares of the company’s stock worth $25,000 after purchasing an additional 1,409 shares during the last quarter. Sandia Investment Management LP bought a new stake in shares of Savers Value Village in the 2nd quarter valued at about $51,000. Lazard Asset Management LLC purchased a new stake in Savers Value Village during the 2nd quarter valued at about $57,000. Royal Bank of Canada grew its position in Savers Value Village by 801.5% during the 1st quarter. Royal Bank of Canada now owns 11,233 shares of the company’s stock worth $83,000 after acquiring an additional 9,987 shares during the last quarter. Finally, Caxton Associates LLP purchased a new position in Savers Value Village in the 1st quarter worth approximately $90,000. Institutional investors own 98.78% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. BTIG Research cut their price target on shares of Savers Value Village from $18.00 to $15.00 and set a “buy” rating for the company in a research note on Thursday, May 7th. Robert W. Baird cut their target price on shares of Savers Value Village from $13.00 to $12.00 and set an “outperform” rating for the company in a research report on Thursday, May 7th. Weiss Ratings cut Savers Value Village from a “sell (d+)” rating to a “sell (d)” rating in a research note on Thursday, May 7th. Finally, Piper Sandler dropped their price target on Savers Value Village from $12.00 to $11.00 and set a “neutral” rating for the company in a research note on Monday, May 4th. Four analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Savers Value Village has a consensus rating of “Moderate Buy” and an average target price of $14.60.

About Savers Value Village

Savers Value Village, Inc (NYSE: SVV) is a publicly traded thrift retailer that operates a network of donation-based retail stores. Headquartered in Bellevue, Washington, the company specializes in selling second-hand apparel, footwear, household items, accessories and other pre-owned goods. Through its retail stores, SVV offers value-conscious shoppers the opportunity to purchase quality, gently used merchandise at affordable prices.

At the heart of the company’s model is a partnership network with more than 500 nonprofit organizations across North America.