Savers Value Village (NYSE:SVV) Now Covered by Northland Securities

Analysts at Northland Securities initiated coverage on shares of Savers Value Village (NYSE:SVV - Get Free Report) in a report released on Tuesday, MarketBeat Ratings reports. The brokerage set an "outperform" rating and a $15.00 price target on the stock. Northland Securities' price target would indicate a potential upside of 45.77% from the company's previous close.

SVV has been the subject of a number of other reports. UBS Group lowered their price objective on Savers Value Village from $14.00 to $13.00 and set a "buy" rating for the company in a research report on Friday, February 21st. William Blair began coverage on shares of Savers Value Village in a research note on Friday, April 4th. They issued an "outperform" rating on the stock. The Goldman Sachs Group lifted their price target 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. 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 report on Friday, May 2nd. Finally, JPMorgan Chase & Co. reduced their price objective on shares of Savers Value Village from $10.00 to $9.00 and set a "neutral" rating on the stock in a research note on Friday, February 21st. 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 stock. According to data from MarketBeat, Savers Value Village currently has an average rating of "Moderate Buy" and an average target price of $12.29.

Savers Value Village Trading Down 2.5%

SVV traded down $0.26 during mid-day trading on Tuesday, reaching $10.29. The stock had a trading volume of 930,578 shares, compared to its average volume of 779,376. The firm's fifty day simple moving average is $9.87 and its two-hundred day simple moving average is $9.53. The stock has a market capitalization of $1.60 billion, a P/E ratio of 57.17 and a beta of 0.99. Savers Value Village has a 52 week low of $6.48 and a 52 week high of $12.83. The company has a debt-to-equity ratio of 1.70, a quick ratio of 0.86 and a current ratio of 1.04.

Insider Activity at Savers Value Village

In related news, CEO Mark T. Walsh sold 40,000 shares of the business's stock in a transaction that occurred on Thursday, May 15th. The stock was sold at an average price of $8.86, for a total value of $354,400.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, General Counsel Richard A. Medway sold 16,490 shares of the firm'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 transaction of $189,470.10. The disclosure for this sale can be found here. Insiders have sold 57,094 shares of company stock worth $550,834 in the last ninety days. Company insiders own 3.09% of the company's stock.

Institutional Investors Weigh In On Savers Value Village

Several institutional investors have recently added to or reduced their stakes in the stock. AQR Capital Management LLC bought a new position in Savers Value Village during the 1st quarter worth about $120,000. Maverick Capital Ltd. grew its holdings 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 in the last quarter. Landscape Capital Management L.L.C. bought a new position in shares of Savers Value Village during the first quarter worth about $1,495,000. Walleye Capital LLC acquired a new stake in Savers Value Village in the 1st quarter valued at approximately $74,000. Finally, AlphaQuest LLC lifted its stake 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 in the last quarter. 98.78% of the stock is 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.