Savers Value Village, Inc. (NYSE:SVV) Receives $11.83 Average Price Target from Brokerages

Savers Value Village, Inc. (NYSE:SVV - Get Free Report) has earned an average rating of "Moderate Buy" from the seven analysts that are currently covering the company, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $11.83.

Several brokerages have commented on SVV. William Blair assumed coverage on Savers Value Village in a research note on Friday, April 4th. They set an "outperform" rating for the company. UBS Group cut their price objective on Savers Value Village from $14.00 to $13.00 and set a "buy" rating on the stock in a research report on Friday, February 21st. The Goldman Sachs Group boosted their target price 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. JPMorgan Chase & Co. lowered their price objective on Savers Value Village from $10.00 to $9.00 and set a "neutral" rating for the company in a research note on Friday, February 21st. Finally, 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 research note on Friday, May 2nd.

Savers Value Village Trading Down 0.7%

Shares of SVV stock traded down $0.08 on Friday, reaching $10.65. 447,801 shares of the stock were exchanged, compared to its average volume of 776,804. The stock has a market cap of $1.65 billion, a P/E ratio of 59.17 and a beta of 0.95. The company has a quick ratio of 0.86, a current ratio of 1.04 and a debt-to-equity ratio of 1.70. The firm has a 50 day moving average of $9.42 and a two-hundred day moving average of $9.46. Savers Value Village has a 1-year low of $6.48 and a 1-year high of $13.95.

Insiders Place Their Bets

In related news, insider T. Charles Hunsinger purchased 6,000 shares of the company's stock in a transaction dated Friday, March 7th. The shares were acquired at an average cost of $7.25 per share, for a total transaction of $43,500.00. Following the transaction, the insider now owns 14,100 shares of the company's stock, valued at $102,225. This trade represents a 74.07% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, General Counsel Richard A. Medway sold 16,490 shares of the company's 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 disclosure for this sale can be found here. Insiders sold a total of 57,094 shares of company stock valued at $550,834 over the last 90 days. 2.38% of the stock is owned by company insiders.

Institutional Trading of Savers Value Village

Several hedge funds have recently bought and sold shares of SVV. AQR Capital Management LLC bought a new position in Savers Value Village in the 1st quarter worth about $120,000. Maverick Capital Ltd. boosted its position 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 worth $339,000 after buying an additional 21,743 shares during the period. Landscape Capital Management L.L.C. bought a new position in Savers Value Village in the 1st quarter worth approximately $1,495,000. Walleye Capital LLC bought a new position in Savers Value Village in the 1st quarter worth approximately $74,000. Finally, AlphaQuest LLC increased its position in Savers Value Village by 237.2% in the 1st quarter. AlphaQuest LLC now owns 37,206 shares of the company's stock valued at $257,000 after acquiring an additional 26,172 shares during the period. 98.78% of the stock is currently owned by 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.