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

Northland Securities initiated coverage on shares of Savers Value Village (NYSE:SVV) in a research report sent to investors on Tuesday, MarketBeat reports. The brokerage issued an outperform rating and a $15.00 price target on the stock.

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

Savers Value Village Trading Down 2.2%

Savers Value Village stock opened at $10.55 on Tuesday. The firm has a 50 day moving average of $9.82 and a 200 day moving average of $9.53. The firm has a market capitalization of $1.64 billion, a price-to-earnings ratio of 58.61 and a beta of 0.99. Savers Value Village has a 12-month low of $6.48 and a 12-month high of $13.17. The company has a current ratio of 1.04, a quick ratio of 0.86 and a debt-to-equity ratio of 1.70.

Insider Transactions at Savers Value Village

In other Savers Value Village news, General Counsel Richard A. Medway sold 16,490 shares of the stock in a transaction dated Thursday, May 8th. The stock was sold at an average price of $11.49, for a total value of $189,470.10. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Mark T. Walsh sold 40,000 shares of the business’s stock in a transaction that occurred on Thursday, May 15th. The stock was sold at an average price of $8.86, for a total value of $354,400.00. The disclosure for this sale can be found here. In the last ninety days, insiders sold 57,094 shares of company stock worth $550,834. 3.09% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Savers Value Village

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. BNP Paribas Financial Markets acquired a new position in shares of Savers Value Village in the fourth quarter valued at approximately $36,000. GAMMA Investing LLC boosted its position 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 purchasing an additional 4,671 shares in the last quarter. Versant Capital Management Inc purchased a new stake in Savers Value Village during the first quarter worth $51,000. KLP Kapitalforvaltning AS purchased a new stake in shares of Savers Value Village in the fourth quarter valued at $57,000. Finally, Walleye Capital LLC purchased a new stake in shares of Savers Value Village in the first quarter valued at $74,000. Hedge funds and other 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.