Savers Value Village, Inc. (NYSE:SVV) General Counsel Richard A. Medway Sells 1,600 Shares

Savers Value Village, Inc. (NYSE:SVV) General Counsel Richard A. Medway sold 1,600 shares of the business’s stock in a transaction on Monday, January 27th. The stock was sold at an average price of $11.48, for a total value of $18,368.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Richard A. Medway also recently made the following trade(s):

• On Tuesday, January 21st, Richard A. Medway sold 4,800 shares of Savers Value Village stock. The stock was sold at an average price of $11.48, for a total value of $55,104.00.

Savers Value Village Price Performance

Shares of SVV stock traded down $0.24 during trading hours on Wednesday, hitting $11.08. The stock had a trading volume of 594,605 shares, compared to its average volume of 620,811. The company has a debt-to-equity ratio of 1.70, a current ratio of 1.04 and a quick ratio of 0.86. The stock has a market capitalization of $1.77 billion, a price-to-earnings ratio of 24.08 and a beta of 1.04. Savers Value Village, Inc. has a one year low of $7.78 and a one year high of $21.33. The stock’s 50-day moving average price is $10.11 and its two-hundred day moving average price is $10.00.

Savers Value Village (NYSE:SVV) last announced its earnings results on Thursday, November 7th. The company reported $0.11 EPS for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.06). The company had revenue of $394.80 million during the quarter, compared to analysts’ expectations of $401.94 million. Savers Value Village had a return on equity of 9.11% and a net margin of 4.93%. During the same quarter last year, the firm posted ($0.05) EPS. Equities analysts forecast that Savers Value Village, Inc. will post 0.28 EPS for the current year.

Analysts Set New Price Targets

Separately, Piper Sandler raised their target price on 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 analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $12.20.

Institutional Trading of Savers Value Village

Large investors have recently made changes to their positions in the stock. FMR LLC raised its holdings in shares of Savers Value Village by 30.8% in the third 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 in the last quarter. The Manufacturers Life Insurance Company raised its holdings in shares of Savers Value Village by 34.3% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 1,883,269 shares of the company’s stock valued at $23,051,000 after purchasing an additional 481,423 shares in the last quarter. Baillie Gifford & Co. lifted its position 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 worth $5,793,000 after purchasing an additional 142,101 shares during the period. Geode Capital Management LLC boosted its stake in shares of Savers Value Village by 10.2% during the third quarter. Geode Capital Management LLC now owns 542,999 shares of the company’s stock valued at $5,714,000 after purchasing an additional 50,051 shares in the last quarter. Finally, Millennium Management LLC increased its holdings in Savers Value Village by 79.3% during the second quarter. Millennium Management LLC now owns 316,097 shares of the company’s stock valued at $3,869,000 after buying an additional 139,811 shares during the period. 98.78% of the stock is owned by hedge funds and other institutional investors.

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.