Savers Value Village (NYSE:SVV) Research Coverage Started at Northland Securities

Northland Securities initiated coverage on shares of Savers Value Village (NYSE:SVV) in a report issued on Tuesday, Marketbeat reports. The firm issued an outperform rating and a $15.00 price objective on the stock.

A number of other analysts have also recently commented on the stock. UBS Group dropped their target price on shares of Savers Value Village from $14.00 to $13.00 and set a “buy” rating on the stock in a report on Friday, February 21st. William Blair started coverage on shares of Savers Value Village in a report on Friday, April 4th. They set an “outperform” rating on the stock. Piper Sandler boosted their target price on shares of Savers Value Village from $10.00 to $11.00 and gave the company a “neutral” rating in a report on Friday, May 2nd. JPMorgan Chase & Co. dropped their target price on shares of Savers Value Village from $10.00 to $9.00 and set a “neutral” rating on the stock in a report on Friday, February 21st. Finally, The Goldman Sachs Group lifted their price target on Savers Value Village from $9.00 to $10.00 and gave the stock a “neutral” rating in a research report on Friday, May 2nd. Three equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Savers Value Village has a consensus rating of “Moderate Buy” and an average price target of $12.29.

Savers Value Village Stock Performance

NYSE:SVV opened at $10.55 on Tuesday. The stock has a market cap of $1.64 billion, a P/E ratio of 58.61 and a beta of 0.99. The firm’s fifty day simple moving average is $9.82 and its 200 day simple moving average is $9.53. Savers Value Village has a twelve month low of $6.48 and a twelve month high of $13.17. The company has a quick ratio of 0.86, a current ratio of 1.04 and a debt-to-equity ratio of 1.70.

Insider Buying and Selling at Savers Value Village

In other news, CEO Mark T. Walsh sold 40,000 shares of the stock in a transaction that occurred on Thursday, May 15th. The shares were sold at an average price of $8.86, for a total value of $354,400.00. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, General Counsel Richard A. Medway sold 16,490 shares of the stock in a transaction that occurred on Thursday, May 8th. The stock was sold at an average price of $11.49, for a total transaction of $189,470.10. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 57,094 shares of company stock worth $550,834. Company insiders own 3.09% of the company’s stock.

Hedge Funds Weigh In On Savers Value Village

Several institutional investors have recently made changes to their positions in SVV. BNP Paribas Financial Markets bought a new position in shares of Savers Value Village in the 4th quarter worth approximately $36,000. GAMMA Investing LLC increased its holdings in Savers Value Village by 386.7% in the 1st quarter. GAMMA Investing LLC now owns 5,879 shares of the company’s stock worth $41,000 after acquiring an additional 4,671 shares in the last quarter. Versant Capital Management Inc purchased a new stake in Savers Value Village in the 1st quarter worth approximately $51,000. KLP Kapitalforvaltning AS purchased a new stake in Savers Value Village in the 4th quarter worth approximately $57,000. Finally, Walleye Capital LLC purchased a new stake in Savers Value Village in the 1st quarter worth approximately $74,000. Institutional investors own 98.78% of the company’s stock.

Savers Value Village Company Profile

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.