Savers Value Village (NYSE:SVV) General Counsel Richard Medway Sells 10,000 Shares of Stock

Savers Value Village, Inc. (NYSE:SVV) General Counsel Richard Medway sold 10,000 shares of the firm’s stock in a transaction that occurred on Monday, August 3rd. The stock was sold at an average price of $10.48, for a total transaction of $104,800.00. Following the transaction, the general counsel directly owned 14,440 shares in the company, valued at approximately $151,331.20. This trade represents a 40.92% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Savers Value Village Stock Performance

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. The company has a market capitalization of $1.65 billion, a PE ratio of 76.47 and a beta of 1.21. The company has a 50 day moving average price of $9.72 and a 200-day moving average price of $9.21. Savers Value Village, Inc. has a fifty-two week low of $6.91 and a fifty-two week high of $13.89.

Savers Value Village (NYSE:SVV) last announced its quarterly earnings data on Wednesday, May 6th. The company reported $0.02 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.02. The company had revenue of $403.19 million for the quarter, compared to analysts’ expectations of $394.53 million. Savers Value Village had a return on equity of 12.47% and a net margin of 1.29%.Savers Value Village’s revenue was up 8.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.02 earnings per share. As a group, equities analysts forecast that Savers Value Village, Inc. will post 0.35 earnings per share for the current year.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of SVV. Vanguard Group Inc. lifted its position in Savers Value Village by 6.7% during the third quarter. Vanguard Group Inc. now owns 3,857,682 shares of the company’s stock valued at $51,114,000 after acquiring an additional 242,149 shares during the last quarter. Capital Research Global Investors increased its position in shares of Savers Value Village by 72.9% during the fourth quarter. Capital Research Global Investors now owns 3,330,459 shares of the company’s stock worth $31,106,000 after purchasing an additional 1,403,909 shares in the last quarter. Ameriprise Financial Inc. lifted its holdings in shares of Savers Value Village by 4.4% during the 3rd quarter. Ameriprise Financial Inc. now owns 2,245,409 shares of the company’s stock valued at $29,752,000 after purchasing an additional 94,685 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Savers Value Village by 30.3% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,864,548 shares of the company’s stock valued at $13,869,000 after purchasing an additional 433,296 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership boosted its position in shares of Savers Value Village by 118.3% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 1,745,540 shares of the company’s stock worth $12,987,000 after purchasing an additional 945,823 shares in the last quarter. Institutional investors own 98.78% of the company’s stock.

Analyst Ratings Changes

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