Savers Value Village, Inc. (NYSE:SVV) Receives Average Recommendation of "Moderate Buy" from Brokerages

Savers Value Village, Inc. (NYSE:SVV - Get Free Report) has been assigned an average rating of "Moderate Buy" from the nine brokerages that are presently covering the firm, MarketBeat.com reports. Three investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating on the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $12.29.

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

Insider Activity at Savers Value Village

In related news, General Counsel Richard A. Medway sold 17,619 shares of Savers Value Village stock in a transaction on Thursday, July 3rd. The stock was sold at an average price of $10.65, for a total transaction of $187,642.35. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Melinda L. Geisser sold 48,000 shares of the company's stock in a transaction that occurred on Thursday, July 3rd. The shares were sold at an average price of $10.80, for a total value of $518,400.00. The disclosure for this sale can be found here. Insiders have sold a total of 122,713 shares of company stock worth $1,256,877 in the last three months. Insiders own 3.09% of the company's stock.

Institutional Investors Weigh In On Savers Value Village

A number of large investors have recently modified their holdings of SVV. AQR Capital Management LLC acquired a new stake in Savers Value Village during the first quarter worth about $120,000. Maverick Capital Ltd. raised its stake in shares of Savers Value Village by 79.5% during the first quarter. Maverick Capital Ltd. now owns 49,092 shares of the company's stock valued at $339,000 after purchasing an additional 21,743 shares in the last quarter. Landscape Capital Management L.L.C. acquired a new stake in Savers Value Village in the first quarter worth about $1,495,000. Walleye Capital LLC bought a new position in Savers Value Village in the 1st quarter valued at about $74,000. Finally, AlphaQuest LLC increased its stake in Savers Value Village by 237.2% during the 1st quarter. AlphaQuest LLC now owns 37,206 shares of the company's stock valued at $257,000 after buying an additional 26,172 shares during the period. Institutional investors and hedge funds own 98.78% of the company's stock.

Savers Value Village Trading Down 1.2%

Shares of Savers Value Village stock traded down $0.13 during trading on Monday, reaching $10.02. The company's stock had a trading volume of 763,808 shares, compared to its average volume of 754,837. Savers Value Village has a 52-week low of $6.48 and a 52-week high of $11.89. The company has a quick ratio of 0.57, a current ratio of 0.74 and a debt-to-equity ratio of 1.69. The firm's 50-day moving average is $10.30 and its two-hundred day moving average is $9.60. The company has a market cap of $1.55 billion, a price-to-earnings ratio of 66.77 and a beta of 0.99.

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.