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

12 May 2024

Defense World

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Savers Value Village NYSESVV Shares Gap Down on Disappointing Earnings

Shares of Savers Value Village, Inc. (NYSE:SVV – Get Free Report) gapped down prior to trading on Friday following a dissappointing earnings announcement. The stock had previously closed at $17.15, but opened at $15.00. Savers Value Village shares last

The company reported ($0.01) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.07). Savers Value Village had a return on equity of 14.98% and a net margin of 3.54%. The company had revenue of $354.17 million during the quarter, compared to analyst estimates of $354.88 million.

Analyst Ratings Changes

A number of analysts recently issued reports on the company. Piper Sandler lowered their target price on Savers Value Village from $24.00 to $19.00 and set an “overweight” rating on the stock in a research report on Friday. Robert W. Baird dropped their price objective on shares of Savers Value Village from $23.00 to $21.00 and set an “outperform” rating for the company in a report on Friday. Nine analysts have rated the stock with a buy rating, According to data from MarketBeat, the company has an average rating of “Buy” and an average price target of $26.13.

Check Out Our Latest Report on SVV

Insider Buying and Selling

In related news, insider Jubran N. Tanious sold 10,000 shares of the company’s stock in a transaction on Monday, February 12th. The shares were sold at an average price of $20.00, for a total transaction of $200,000.00. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, General Counsel Richard A. Medway sold 5,700 shares of the firm’s stock in a transaction that occurred on Wednesday, March 27th. The shares were sold at an average price of $18.98, for a total transaction of $108,186.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Jubran N. Tanious sold 10,000 shares of Savers Value Village stock in a transaction on Monday, February 12th. The shares were sold at an average price of $20.00, for a total transaction of $200,000.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 65,855 shares of company stock valued at $1,238,650.

Institutional Trading of Savers Value Village

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Tower Research Capital LLC TRC increased its holdings in shares of Savers Value Village by 49.9% in the 4th quarter. Tower Research Capital LLC TRC now owns 4,508 shares of the company’s stock valued at $78,000 after acquiring an additional 1,500 shares during the period. Parallel Advisors LLC acquired a new stake in Savers Value Village during the 4th quarter worth approximately $36,000. Amalgamated Bank purchased a new stake in shares of Savers Value Village during the third quarter valued at approximately $60,000. Citigroup Inc. bought a new stake in shares of Savers Value Village in the third quarter worth $92,000. Finally, Quantbot Technologies LP bought a new stake in Savers Value Village during the third quarter valued at $188,000. 98.78% of the stock is currently owned by hedge funds and other institutional investors.

Savers Value Village Price Performance

The company has a current ratio of 1.07, a quick ratio of 0.93 and a debt-to-equity ratio of 2.09. The firm’s fifty day moving average price is $17.93 and its 200-day moving average price is $17.13.

About Savers Value Village

(Get Free Report)

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.