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

Shares of Savers Value Village, Inc. (NYSE:SVV - Get Free Report) have received an average rating of "Moderate Buy" from the nine brokerages that are presently covering the stock, Marketbeat Ratings reports. Three 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. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $12.29.

Several research firms have issued reports on SVV. Piper Sandler raised their target price on Savers Value Village from $10.00 to $11.00 and gave the stock a "neutral" rating in a research note on Friday, May 2nd. Northland Capmk upgraded Savers Value Village to a "strong-buy" rating in a research report on Tuesday, June 10th. Northland Securities began coverage on Savers Value Village in a research report on Tuesday, June 10th. They set an "outperform" rating and a $15.00 price target for the company. The Goldman Sachs Group raised 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. Finally, William Blair began coverage on Savers Value Village in a research report on Friday, April 4th. They set an "outperform" rating for the company.

Savers Value Village Trading Down 1.1%

SVV stock traded down $0.11 during midday trading on Thursday, hitting $10.26. 742,845 shares of the company's stock were exchanged, compared to its average volume of 762,827. The business has a 50-day simple moving average of $10.22 and a two-hundred day simple moving average of $9.58. The company has a current ratio of 0.74, a quick ratio of 0.57 and a debt-to-equity ratio of 1.69. The stock has a market capitalization of $1.59 billion, a PE ratio of 68.41 and a beta of 0.99. Savers Value Village has a 1-year low of $6.48 and a 1-year high of $12.83.

Insider Transactions at Savers Value Village

In related news, General Counsel Richard A. Medway sold 16,490 shares of Savers Value Village stock in a transaction on 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 Securities & Exchange Commission, which is available through the SEC website. Also, CEO Mark T. Walsh sold 40,000 shares of Savers Value Village stock in a transaction on Thursday, May 15th. The shares were 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. Insiders sold a total of 57,094 shares of company stock worth $550,834 over the last ninety days. Company insiders own 3.09% of the company's stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. T. Rowe Price Investment Management Inc. boosted its holdings in Savers Value Village by 19.6% in the first quarter. T. Rowe Price Investment Management Inc. now owns 7,137,153 shares of the company's stock valued at $49,247,000 after purchasing an additional 1,167,253 shares during the period. Baillie Gifford & Co. lifted its holdings in Savers Value Village by 76.4% during the 1st quarter. Baillie Gifford & Co. now owns 6,509,978 shares of the company's stock worth $44,919,000 after buying an additional 2,820,500 shares during the last quarter. Vanguard Group Inc. lifted its holdings in Savers Value Village by 3.0% during the 4th quarter. Vanguard Group Inc. now owns 2,382,647 shares of the company's stock worth $24,422,000 after buying an additional 68,316 shares during the last quarter. Ameriprise Financial Inc. purchased a new stake in Savers Value Village during the 4th quarter worth about $11,324,000. Finally, Geode Capital Management LLC lifted its holdings in Savers Value Village by 2.2% during the 4th quarter. Geode Capital Management LLC now owns 554,854 shares of the company's stock worth $5,689,000 after buying an additional 11,855 shares during the last quarter. 98.78% of the stock is currently owned by hedge funds and other institutional investors.

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.