Savers Value Village, Inc. (NYSE:SVV) Insider T. Charles Hunsinger Buys 6,000 Shares of Stock

Savers Value Village, Inc. (NYSE:SVV) insider T. Charles Hunsinger acquired 6,000 shares of the business’s stock in a transaction dated Friday, March 7th. The shares were bought at an average price of $7.25 per share, for a total transaction of $43,500.00. Following the completion of the acquisition, the insider now owns 14,100 shares in the company, valued at approximately $102,225. This trade represents a 74.07 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Savers Value Village Trading Down 2.5 %

Shares of SVV stock opened at $6.86 on Wednesday. The company has a quick ratio of 0.86, a current ratio of 1.04 and a debt-to-equity ratio of 1.70. The stock has a 50-day simple moving average of $10.04 and a 200 day simple moving average of $9.93. Savers Value Village, Inc. has a fifty-two week low of $6.48 and a fifty-two week high of $19.98. The stock has a market capitalization of $1.09 billion, a P/E ratio of 38.09 and a beta of 1.41.

Savers Value Village (NYSE:SVV) last announced its quarterly earnings data on Thursday, February 20th. The company reported $0.05 EPS for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.04). Savers Value Village had a net margin of 1.89% and a return on equity of 8.74%. The company had revenue of $401.99 million for the quarter, compared to analyst estimates of $402.00 million. On average, sell-side analysts expect that Savers Value Village, Inc. will post 0.28 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Savers Value Village

Several institutional investors and hedge funds have recently bought and sold shares of the business. GSA Capital Partners LLP purchased a new stake in Savers Value Village in the 3rd quarter worth approximately $248,000. Baillie Gifford & Co. increased its stake in shares of Savers Value Village by 34.8% in the third quarter. Baillie Gifford & Co. now owns 550,634 shares of the company’s stock worth $5,793,000 after acquiring an additional 142,101 shares during the last quarter. Aigen Investment Management LP raised its holdings in shares of Savers Value Village by 29.0% during the third quarter. Aigen Investment Management LP now owns 15,449 shares of the company’s stock worth $163,000 after acquiring an additional 3,477 shares in the last quarter. Primecap Management Co. CA acquired a new stake in Savers Value Village during the third quarter valued at $651,000. Finally, Charles Schwab Investment Management Inc. grew its stake in Savers Value Village by 13.5% in the third quarter. Charles Schwab Investment Management Inc. now owns 207,785 shares of the company’s stock valued at $2,186,000 after purchasing an additional 24,746 shares in the last quarter. Hedge funds and other institutional investors own 98.78% of the company’s stock.

Wall Street Analysts Forecast Growth

SVV has been the subject of a number of research reports. Piper Sandler decreased their price target on shares of Savers Value Village from $11.00 to $10.00 and set a “neutral” rating for the company in a research report on Monday, February 24th. UBS Group lowered their target price on Savers Value Village from $14.00 to $13.00 and set a “buy” rating for the company in a research note on Friday, February 21st. Finally, JPMorgan Chase & Co. lowered their price objective on Savers Value Village from $10.00 to $9.00 and set a “neutral” rating for the company in a research note on Friday, February 21st. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $11.67.

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.