Savers Value Village, Inc. (NYSE:SVV) Sees Significant Growth in Short Interest

Savers Value Village, Inc. (NYSE:SVV) saw a large growth in short interest during the month of September. As of September 30th, there was short interest totaling 9,070,000 shares, a growth of 65.8% from the September 15th total of 5,470,000 shares. Approximately 22.5% of the company’s shares are sold short. Based on an average trading volume of 1,320,000 shares, the short-interest ratio is currently 6.9 days. Based on an average trading volume of 1,320,000 shares, the short-interest ratio is currently 6.9 days. Approximately 22.5% of the company’s shares are sold short.

Insider Buying and Selling

In other Savers Value Village news, insider Melinda L. Geisser sold 20,000 shares of the business’s stock in a transaction on Friday, September 26th. The stock was sold at an average price of $13.69, for a total value of $273,800.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, General Counsel Richard A. Medway sold 20,000 shares of the business’s stock in a transaction on Friday, September 26th. The shares were sold at an average price of $13.69, for a total value of $273,800.00. The disclosure for this sale can be found here. Insiders sold a total of 217,863 shares of company stock worth $2,755,037 in the last three months. 3.09% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Savers Value Village

Institutional investors and hedge funds have recently bought and sold shares of the business. GAMMA Investing LLC raised its stake in Savers Value Village by 386.7% during the first quarter. GAMMA Investing LLC now owns 5,879 shares of the company’s stock worth $41,000 after acquiring an additional 4,671 shares during the period. Sandia Investment Management LP acquired a new stake in Savers Value Village during the second quarter worth about $51,000. Lazard Asset Management LLC acquired a new stake in Savers Value Village during the second quarter worth about $57,000. Walleye Capital LLC acquired a new stake in Savers Value Village during the first quarter worth about $74,000. Finally, Savant Capital LLC acquired a new stake in Savers Value Village during the second quarter worth about $104,000. Institutional investors and hedge funds own 98.78% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently commented on the company. BTIG Research assumed coverage on Savers Value Village in a report on Tuesday, October 14th. They set a “buy” rating and a $18.00 price objective for the company. Wall Street Zen upgraded Savers Value Village from a “hold” rating to a “buy” rating in a report on Saturday, August 2nd. JPMorgan Chase & Co. increased their price target on Savers Value Village from $9.00 to $11.00 and gave the company a “neutral” rating in a report on Monday, July 28th. Piper Sandler increased their price target on Savers Value Village from $11.00 to $12.00 and gave the company a “neutral” rating in a report on Friday, August 1st. Finally, Weiss Ratings reissued a “sell (d+)” rating on shares of Savers Value Village in a research report on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $13.17.

Savers Value Village Stock Performance

Shares of SVV stock opened at $13.24 on Friday. The company has a debt-to-equity ratio of 1.65, a quick ratio of 0.51 and a current ratio of 0.69. Savers Value Village has a one year low of $6.48 and a one year high of $13.89. The company’s 50-day simple moving average is $12.55 and its 200-day simple moving average is $10.98. The stock has a market capitalization of $2.06 billion, a price-to-earnings ratio of 63.03 and a beta of 1.07.

Savers Value Village (NYSE:SVV) last issued its quarterly earnings results on Wednesday, January 15th. The company reported $0.18 EPS for the quarter. Savers Value Village had a net margin of 2.14% and a return on equity of 8.85%. The business had revenue of $394.80 million for the quarter. Equities analysts anticipate that Savers Value Village will post 0.28 earnings per share for the current fiscal year.

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.