Northland Securities Initiates Coverage on Savers Value Village (NYSE:SVV)

Analysts at Northland Securities started coverage on shares of Savers Value Village (NYSE:SVV - Get Free Report) in a note issued to investors on Tuesday, MarketBeat Ratings reports. The firm set an "outperform" rating and a $15.00 price target on the stock. Northland Securities' price objective would suggest a potential upside of 38.72% from the company's previous close.

Several other equities analysts have also weighed in on the company. Piper Sandler lifted their price target on Savers Value Village from $10.00 to $11.00 and gave the company a "neutral" rating in a research note on Friday, May 2nd. JPMorgan Chase & Co. cut their price target 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. UBS Group cut their price target on Savers Value Village from $14.00 to $13.00 and set a "buy" rating for the company in a research note on Friday, February 21st. The Goldman Sachs Group lifted their price target on Savers Value Village from $9.00 to $10.00 and gave the company a "neutral" rating in a research note on Friday, May 2nd. Finally, William Blair initiated coverage on Savers Value Village in a research note on Friday, April 4th. They issued an "outperform" rating for the company. Three investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $12.29.

Savers Value Village Stock Performance

Shares of NYSE SVV traded down $0.17 during trading on Tuesday, reaching $10.81. 350,339 shares of the company traded hands, compared to its average volume of 777,510. The firm's fifty day simple moving average is $9.77 and its 200 day simple moving average is $9.52. The stock has a market cap of $1.68 billion, a P/E ratio of 60.08 and a beta of 0.99. Savers Value Village has a 12-month low of $6.48 and a 12-month high of $13.62. The company has a current ratio of 1.04, a quick ratio of 0.86 and a debt-to-equity ratio of 1.70.

Insider Buying and Selling

In related news, General Counsel Richard A. Medway sold 16,490 shares of the company's stock in a transaction that occurred 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 legal filing with the SEC, which is available through this link. Also, CEO Mark T. Walsh sold 40,000 shares of the company's stock in a transaction that occurred 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. In the last three months, insiders have sold 57,094 shares of company stock worth $550,834. Insiders own 2.38% of the company's stock.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. BNP Paribas Financial Markets acquired a new position in Savers Value Village in the fourth quarter valued at approximately $36,000. GAMMA Investing LLC raised its position 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 purchased a new stake in Savers Value Village in the first quarter valued at approximately $51,000. KLP Kapitalforvaltning AS purchased a new stake in Savers Value Village in the fourth quarter valued at approximately $57,000. Finally, Walleye Capital LLC purchased a new stake in Savers Value Village in the first quarter valued at approximately $74,000. 98.78% of the stock is currently owned by institutional investors and hedge funds.

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.