Savers Value Village (NYSE:SVV) Releases Earnings Results, Hits Estimates

Savers Value Village (NYSE:SVV) announced its quarterly earnings data on Thursday. The company reported $0.15 earnings per share for the quarter, hitting the consensus estimate of $0.15, FiscalAI reports. The business had revenue of $464.67 million for the quarter, compared to analyst estimates of $458.63 million. Savers Value Village had a negative net margin of 0.11% and a positive return on equity of 9.18%.

Savers Value Village Stock Down 4.3%

NYSE SVV traded down $0.46 on Thursday, hitting $10.17. 3,682,550 shares of the stock traded hands, compared to its average volume of 879,842. The company has a current ratio of 0.81, a quick ratio of 0.61 and a debt-to-equity ratio of 1.76. The stock has a 50-day moving average of $10.18 and a 200 day moving average of $10.87. Savers Value Village has a twelve month low of $6.48 and a twelve month high of $13.89. The company has a market capitalization of $1.59 billion, a P/E ratio of -1,015.48 and a beta of 0.97.

Insider Buying and Selling at Savers Value Village

In related news, COO Jubran N. Tanious sold 57,706 shares of the firm’s stock in a transaction on Thursday, December 18th. The stock was sold at an average price of $9.21, for a total transaction of $531,472.26. Following the transaction, the chief operating officer directly owned 99,712 shares in the company, valued at $918,347.52. This trade represents a 36.66% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 3.09% of the company’s stock.

Institutional Trading of Savers Value Village

Institutional investors and hedge funds have recently modified their holdings of the business. Caitong International Asset Management Co. Ltd lifted its position in shares of 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 last quarter. Sandia Investment Management LP acquired a new stake in Savers Value Village during the second quarter worth about $51,000. Lazard Asset Management LLC bought a new position in Savers Value Village in the second quarter worth about $57,000. Blair William & Co. IL bought a new position in Savers Value Village in the fourth quarter worth about $93,000. Finally, Susquehanna Portfolio Strategies LLC acquired a new position in Savers Value Village in the fourth quarter valued at approximately $112,000. 98.78% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on SVV. Weiss Ratings reiterated a “sell (d)” rating on shares of Savers Value Village in a report on Monday, December 29th. UBS Group reaffirmed a “buy” rating on shares of Savers Value Village in a research report on Wednesday. Craig Hallum started coverage on Savers Value Village in a report on Monday, January 26th. They set a “buy” rating and a $19.00 target price on the stock. Finally, Wall Street Zen lowered Savers Value Village from a “buy” rating to a “hold” rating in a research report on Saturday, November 8th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, three have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Savers Value Village presently has a consensus rating of “Moderate Buy” and an average target price of $14.43.

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.