Savers Value Village, Inc. (NYSE:SVV) Given Average Rating of "Moderate Buy" by Brokerages

Savers Value Village, Inc. (NYSE:SVV - Get Free Report) has been assigned an average recommendation of "Moderate Buy" from the seven ratings firms that are currently covering the stock, Marketbeat Ratings reports. Three analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $12.20.

Several brokerages have recently issued reports on SVV. Piper Sandler increased their price objective on Savers Value Village from $11.00 to $12.00 and gave the company a "neutral" rating in a research note on Friday, August 1st. Northland Securities initiated coverage on Savers Value Village in a research note on Tuesday, June 10th. They issued an "outperform" rating and a $15.00 price objective on the stock. Wall Street Zen raised shares of Savers Value Village from a "hold" rating to a "buy" rating in a research report on Saturday, August 2nd. The Goldman Sachs Group lifted their price objective on shares of Savers Value Village from $9.00 to $10.00 and gave the stock a "neutral" rating in a research report on Friday, May 2nd. Finally, Northland Capmk raised shares of Savers Value Village to a "strong-buy" rating in a research report on Tuesday, June 10th.

Insiders Place Their Bets

In related news, insider Melinda L. Geisser sold 7,824 shares of the business's stock in a transaction on Monday, August 4th. The shares were sold at an average price of $11.48, for a total value of $89,819.52. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, General Counsel Richard A. Medway sold 15,000 shares of Savers Value Village stock in a transaction on Monday, August 4th. The shares were sold at an average price of $11.48, for a total transaction of $172,200.00. The disclosure for this sale can be found here. Over the last three months, insiders sold 97,708 shares of company stock valued at $1,065,394. 3.09% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. BNP Paribas Financial Markets acquired a new position in Savers Value Village in the fourth quarter valued at $36,000. Sandia Investment Management LP acquired a new position in Savers Value Village in the second quarter valued at $51,000. GAMMA Investing LLC increased its stake in Savers Value Village by 386.7% in the first quarter. GAMMA Investing LLC now owns 5,879 shares of the company's stock valued at $41,000 after purchasing an additional 4,671 shares during the period. Versant Capital Management Inc acquired a new position in shares of Savers Value Village during the first quarter worth about $51,000. Finally, Savant Capital LLC acquired a new position in shares of Savers Value Village during the second quarter worth about $104,000. 98.78% of the stock is currently owned by institutional investors and hedge funds.

Savers Value Village Stock Performance

NYSE:SVV opened at $11.10 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. The stock has a market capitalization of $1.73 billion, a P/E ratio of 52.84 and a beta of 1.00. The company has a 50 day moving average price of $10.56 and a 200 day moving average price of $9.64. Savers Value Village has a fifty-two week low of $6.48 and a fifty-two week high of $11.97.

Savers Value Village (NYSE:SVV - Get Free Report) last posted its quarterly earnings data on Thursday, July 31st. The company reported $0.14 earnings per share for the quarter, topping analysts' consensus estimates of $0.12 by $0.02. The firm had revenue of $417.21 million during the quarter, compared to analysts' expectations of $405.75 million. Savers Value Village had a net margin of 2.14% and a return on equity of 8.85%. The firm's quarterly revenue was up 7.9% on a year-over-year basis. During the same quarter last year, the company posted $0.14 EPS. Equities research analysts forecast that Savers Value Village will post 0.28 EPS for the current 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.