Savers Value Village (NYSE:SVV) Shares Down 3.7%

Savers Value Village, Inc. (NYSE:SVV)’s share price traded down 3.7% on Friday . The stock traded as low as $9.02 and last traded at $9.03. 143,803 shares traded hands during mid-day trading, a decline of 81% from the average session volume of 761,992 shares. The stock had previously closed at $9.38.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the stock. JPMorgan Chase & Co. lowered shares of Savers Value Village from an “overweight” rating to a “neutral” rating and dropped their price objective for the company from $21.00 to $12.00 in a research note on Monday, July 22nd. Robert W. Baird dropped their price objective on shares of Savers Value Village from $21.00 to $13.00 and set an “outperform” rating on the stock in a research note on Friday, August 9th. Loop Capital dropped their price objective on shares of Savers Value Village from $23.00 to $15.00 and set a “buy” rating on the stock in a research note on Monday, August 12th. The Goldman Sachs Group lowered shares of Savers Value Village from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $14.00 to $10.00 in a research note on Friday, August 9th. Finally, Piper Sandler decreased their target price on shares of Savers Value Village from $13.00 to $11.00 and set an “overweight” rating for the company in a research report on Friday, August 9th. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, Savers Value Village presently has an average rating of “Moderate Buy” and a consensus price target of $12.20.

Savers Value Village Price Performance

The company has a quick ratio of 0.87, a current ratio of 1.03 and a debt-to-equity ratio of 1.75. The company has a market capitalization of $1.42 billion, a P/E ratio of 21.59 and a beta of 1.67. The company’s 50-day simple moving average is $10.50 and its 200 day simple moving average is $14.46.

Savers Value Village (NYSE:SVV) last posted its earnings results on Thursday, August 8th. The company reported $0.14 EPS for the quarter, missing the consensus estimate of $0.20 by ($0.06). The business had revenue of $396.70 million during the quarter, compared to the consensus estimate of $391.13 million. Savers Value Village had a return on equity of 2.88% and a net margin of 2.47%. The business’s revenue was up 4.6% on a year-over-year basis. During the same period in the prior year, the firm earned $0.22 earnings per share. As a group, sell-side analysts expect that Savers Value Village, Inc. will post 0.28 earnings per share for the current fiscal year.

Institutional Trading of Savers Value Village

Several large investors have recently modified their holdings of the company. Hsbc Holdings PLC boosted its holdings in shares of Savers Value Village by 6.7% during the 2nd quarter. Hsbc Holdings PLC now owns 27,879 shares of the company’s stock worth $335,000 after buying an additional 1,749 shares during the period. Parallel Advisors LLC bought a new stake in shares of Savers Value Village during the 4th quarter worth $36,000. Sei Investments Co. boosted its holdings in shares of Savers Value Village by 8.9% during the 2nd quarter. Sei Investments Co. now owns 58,704 shares of the company’s stock worth $719,000 after buying an additional 4,808 shares during the period. nVerses Capital LLC bought a new stake in Savers Value Village in the 2nd quarter valued at $62,000. Finally, Mount Yale Investment Advisors LLC bought a new stake in Savers Value Village in the 1st quarter valued at $193,000. 98.78% of the stock is owned by institutional investors.

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.