Savers Value Village (NYSE:SVV) Shares Gap Down on Disappointing Earnings

Savers Value Village, Inc. (NYSE:SVV)’s stock price gapped down prior to trading on Friday following a weaker than expected earnings announcement. The stock had previously closed at $11.26, but opened at $10.38. Savers Value Village shares last traded at $9.39, with a volume of 507,887 shares.

The company reported $0.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.04). Savers Value Village had a return on equity of 9.11% and a net margin of 4.93%. The firm had revenue of $401.99 million during the quarter, compared to analysts’ expectations of $402.00 million.

Analyst Ratings Changes

A number of analysts recently issued reports on the company. UBS Group decreased their price objective on Savers Value Village from $14.00 to $13.00 and set a “buy” rating on the stock in a research note on Friday. Piper Sandler boosted their price objective on Savers Value Village from $10.00 to $11.00 and gave the company a “neutral” rating in a research note on Friday, January 17th. Finally, JPMorgan Chase & Co. decreased their target price on Savers Value Village from $10.00 to $9.00 and set a “neutral” rating on the stock in a research note on Friday. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $11.83.

Insider Transactions at Savers Value Village

In related news, General Counsel Richard A. Medway sold 4,800 shares of the stock in a transaction dated Tuesday, January 21st. The stock was sold at an average price of $11.48, for a total transaction of $55,104.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 2.38% of the company’s stock.

Institutional Investors Weigh In On Savers Value Village

Several institutional investors have recently bought and sold shares of the stock. T. Rowe Price Investment Management Inc. boosted its holdings in Savers Value Village by 49.3% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 5,969,900 shares of the company’s stock valued at $61,192,000 after acquiring an additional 1,970,894 shares during the period. Baillie Gifford & Co. lifted its holdings in Savers Value Village by 570.0% in the 4th quarter. Baillie Gifford & Co. now owns 3,689,478 shares of the company’s stock worth $37,817,000 after buying an additional 3,138,844 shares during the period. FMR LLC lifted its holdings in Savers Value Village by 30.8% in the 3rd quarter. FMR LLC now owns 3,437,895 shares of the company’s stock worth $36,167,000 after buying an additional 808,867 shares during the period. Vanguard Group Inc. lifted its holdings in Savers Value Village by 3.0% in the 4th quarter. Vanguard Group Inc. now owns 2,382,647 shares of the company’s stock worth $24,422,000 after buying an additional 68,316 shares during the period. Finally, Ameriprise Financial Inc. purchased a new stake in Savers Value Village in the 4th quarter worth approximately $11,324,000. 98.78% of the stock is currently owned by hedge funds and other institutional investors.

Savers Value Village Trading Down 19.2 %

The company has a current ratio of 1.04, a quick ratio of 0.86 and a debt-to-equity ratio of 1.70. The firm has a fifty day simple moving average of $10.67 and a two-hundred day simple moving average of $10.06. The firm has a market cap of $1.45 billion, a PE ratio of 19.77 and a beta of 1.09.

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.