Analysts Set Savers Value Village, Inc. (NYSE:SVV) PT at $12.29

Savers Value Village, Inc. (NYSE:SVV - Get Free Report) has received an average rating of "Moderate Buy" from the nine brokerages that are currently covering the company, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold recommendation, five have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $12.29.

A number of research firms have commented on SVV. William Blair began coverage on Savers Value Village in a research report on Friday, April 4th. They set an "outperform" rating for the company. Piper Sandler upped their price objective on shares of Savers Value Village from $10.00 to $11.00 and gave the stock a "neutral" rating in a report on Friday, May 2nd. Northland Securities initiated coverage on shares of Savers Value Village in a research report on Tuesday, June 10th. They set an "outperform" rating and a $15.00 price target on the stock. The Goldman Sachs Group raised their price objective on shares of Savers Value Village from $9.00 to $10.00 and gave the stock a "neutral" rating in a report on Friday, May 2nd. Finally, Northland Capmk upgraded Savers Value Village to a "strong-buy" rating in a research note on Tuesday, June 10th.

Savers Value Village Trading Down 1.7%

SVV traded down $0.18 during trading on Monday, hitting $10.26. 589,742 shares of the stock traded hands, compared to its average volume of 549,538. The firm has a 50-day moving average of $10.31 and a 200 day moving average of $9.62. Savers Value Village has a 12-month low of $6.48 and a 12-month high of $11.89. The firm has a market capitalization of $1.59 billion, a P/E ratio of 68.37 and a beta of 0.99. The company has a debt-to-equity ratio of 1.69, a current ratio of 0.74 and a quick ratio of 0.57.

Insider Transactions at Savers Value Village

In other Savers Value Village news, insider Melinda L. Geisser sold 48,000 shares of Savers Value Village stock in a transaction on Thursday, July 3rd. The stock was sold at an average price of $10.80, for a total value of $518,400.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, General Counsel Richard A. Medway sold 17,619 shares of the business's stock in a transaction on Thursday, July 3rd. The stock was sold at an average price of $10.65, for a total value of $187,642.35. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 125,113 shares of company stock worth $1,282,137. Corporate insiders own 3.09% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. BNP Paribas Financial Markets bought a new stake in Savers Value Village during the fourth quarter valued at about $36,000. GAMMA Investing LLC grew its stake in shares of Savers Value Village by 386.7% during the 1st quarter. GAMMA Investing LLC now owns 5,879 shares of the company's stock valued at $41,000 after acquiring an additional 4,671 shares during the period. Versant Capital Management Inc purchased a new stake in Savers Value Village in the 1st quarter worth approximately $51,000. KLP Kapitalforvaltning AS bought a new stake in Savers Value Village during the 4th quarter worth approximately $57,000. Finally, Walleye Capital LLC purchased a new position in Savers Value Village during the first quarter valued at approximately $74,000. 98.78% of the stock is owned by hedge funds and other institutional investors.

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.