Savers Value Village (NYSE:SVV) Upgraded by Northland Capmk to Strong-Buy Rating

Northland Capmk upgraded shares of Savers Value Village (NYSE:SVV - Free Report) to a strong-buy rating in a research note published on Tuesday morning,Zacks.com reports.

SVV has been the topic of a number of other research reports. Piper Sandler upped their target price on Savers Value Village from $10.00 to $11.00 and gave the stock a "neutral" rating in a report on Friday, May 2nd. William Blair started coverage on Savers Value Village in a research report on Friday, April 4th. They set an "outperform" rating on the stock. Northland Securities began coverage on Savers Value Village in a research note on Tuesday. They issued an "outperform" rating and a $15.00 price target on the stock. 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 report on Friday, February 21st. Finally, UBS Group dropped their target price on shares of Savers Value Village from $14.00 to $13.00 and set a "buy" rating on the stock in a report 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 presently has a consensus rating of "Moderate Buy" and a consensus price target of $12.29.

Savers Value Village Trading Down 2.2%

Shares of NYSE SVV traded down $0.24 during midday trading on Tuesday, hitting $10.55. 145,403 shares of the company traded hands, compared to its average volume of 775,023. Savers Value Village has a 12-month low of $6.48 and a 12-month high of $13.62. The firm has a market cap of $1.64 billion, a P/E ratio of 58.61 and a beta of 0.99. The stock has a 50-day moving average price of $9.77 and a 200 day moving average price of $9.52. 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 Buying and Selling

In other 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 shares were sold at an average price of $11.49, for a total value of $189,470.10. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Mark T. Walsh sold 40,000 shares of the stock in a transaction that occurred on Thursday, May 15th. The shares were sold at an average price of $8.86, for a total transaction of $354,400.00. The disclosure for this sale can be found here. Insiders have sold a total of 57,094 shares of company stock worth $550,834 in the last quarter. Corporate insiders own 2.38% of the company's stock.

Institutional Trading of Savers Value Village

Institutional investors and hedge funds have recently modified their holdings of the business. BNP Paribas Financial Markets purchased a new stake in shares of Savers Value Village during the fourth quarter valued at $36,000. GAMMA Investing LLC lifted its stake in 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 bought a new position in Savers Value Village during the 1st quarter valued at about $51,000. KLP Kapitalforvaltning AS purchased a new stake in shares of Savers Value Village during the 4th quarter valued at about $57,000. Finally, Walleye Capital LLC bought a new stake in shares of Savers Value Village in the first quarter worth approximately $74,000. Institutional investors own 98.78% of the company's stock.

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.