Savers Value Village (NYSE:SVV) Stock Price Up 13.4% After Better-Than-Expected Earnings

Savers Value Village, Inc. (NYSE:SVV)’s stock price traded up 13.4% on Friday following a stronger than expected earnings report. The company traded as high as $10.43 and last traded at $10.3180. 123,055 shares were traded during trading, a decline of 90% from the average daily volume of 1,243,561 shares. The stock had previously closed at $9.10.

The company reported $0.16 EPS for the quarter, beating analysts’ consensus estimates of $0.15 by $0.01. The firm had revenue of $463.08 million for the quarter, compared to analyst estimates of $459.22 million. Savers Value Village had a return on equity of 14.58% and a net margin of 1.42%. The business’s quarterly revenue was up 8.5% compared to the same quarter last year. During the same period last year, the company earned $0.14 EPS.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. Weiss Ratings upgraded Savers Value Village from a “sell (d)” rating to a “sell (d+)” rating in a report on Wednesday, September 2nd. JPMorgan Chase & Co. boosted their price objective on Savers Value Village from $11.00 to $14.00 and gave the stock a “neutral” rating in a report on Friday, August 7th. The Goldman Sachs Group restated a “neutral” rating and set a $11.00 target price on shares of Savers Value Village in a research report on Friday, August 7th. Piper Sandler raised their target price on shares of Savers Value Village from $10.00 to $11.00 and gave the company a “neutral” rating in a research note on Friday, August 7th. Finally, Wells Fargo & Company initiated coverage on shares of Savers Value Village in a research note on Friday, September 18th. They issued an “equal weight” rating and a $11.00 target price on the stock. Four investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $13.29.

Insiders Place Their Bets

In other Savers Value Village news, Director William Allen sold 26,151 shares of the stock in a transaction dated Wednesday, September 16th. The stock was sold at an average price of $9.22, for a total value of $241,112.22. Following the transaction, the director owned 28,861 shares of the company’s stock, valued at approximately $266,098.42. This represents a 47.54% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Mark Walsh sold 92,059 shares of the stock in a transaction dated Tuesday, August 11th. The shares were sold at an average price of $11.93, for a total value of $1,098,263.87. Following the completion of the transaction, the chief executive officer directly owned 47,363 shares in the company, valued at $565,040.59. The trade was a 66.03% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders have sold 218,210 shares of company stock valued at $2,559,376. 3.46% of the stock is owned by insiders.

Institutional Trading of Savers Value Village

A number of hedge funds have recently modified their holdings of SVV. Fifth Third Bancorp acquired a new position in Savers Value Village during the third quarter valued at approximately $640,000. Counterpoint Mutual Funds LLC bought a new stake in Savers Value Village in the third quarter valued at approximately $241,000. State of Alaska Department of Revenue acquired a new stake in Savers Value Village in the third quarter worth $76,000. WoodTrust Financial Corp raised its holdings in Savers Value Village by 21.0% in the third quarter. WoodTrust Financial Corp now owns 37,500 shares of the company’s stock worth $345,000 after purchasing an additional 6,500 shares during the period. Finally, Integrated Wealth Concepts LLC acquired a new stake in Savers Value Village in the second quarter worth $33,000. 98.78% of the stock is currently owned by institutional investors and hedge funds.

Savers Value Village Trading Up 14.0%

The business’s 50-day moving average price is $9.55 and its two-hundred day moving average price is $9.42. The company has a market capitalization of $1.60 billion, a P/E ratio of 64.87 and a beta of 1.22. The company has a debt-to-equity ratio of 1.59, a current ratio of 0.84 and a quick ratio of 0.66.

About Savers Value Village

Savers Value Village, Inc operates a network of for-profit thrift stores in the United States, Canada and Australia. The company sells previously owned clothing, footwear, accessories, household goods, books and other merchandise through retail locations operating under banners that include Savers, Value Village, Unique and Village des Valeurs.

The company’s business model centers on sourcing secondhand goods through purchases from nonprofit organizations, individual donations and other channels.