Savers Value Village (NYSE:SVV) Issues Quarterly Earnings Results, Misses Estimates By $0.04 EPS

Savers Value Village (NYSE:SVV) announced its quarterly earnings results on Thursday. The company reported $0.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.09 by ($0.04), Zacks reports. Savers Value Village had a net margin of 4.93% and a return on equity of 9.11%.

Savers Value Village Price Performance

SVV traded up $0.06 during midday trading on Thursday, hitting $11.26. The company had a trading volume of 538,287 shares, compared to its average volume of 537,849. The company has a debt-to-equity ratio of 1.70, a quick ratio of 0.86 and a current ratio of 1.04. The company has a market capitalization of $1.80 billion, a PE ratio of 24.47 and a beta of 1.09. Savers Value Village has a twelve month low of $7.78 and a twelve month high of $21.33. The firm’s 50-day simple moving average is $10.65 and its 200-day simple moving average is $10.06.

Insider Buying and Selling at Savers Value Village

In related news, General Counsel Richard A. Medway sold 4,800 shares of the business’s stock in a transaction that occurred on Tuesday, January 21st. The shares were sold at an average price of $11.48, for a total transaction of $55,104.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 2.38% of the company’s stock.

Analysts Set New Price Targets

Separately, Piper Sandler lifted their price target on shares of Savers Value Village from $10.00 to $11.00 and gave the company a “neutral” rating in a report on Friday, January 17th. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $12.20.

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.