Savers Value Village (NYSE:SVV) Shares Gap Up After Analyst Upgrade

Savers Value Village, Inc. (NYSE:SVV - Get Free Report) shares gapped up before the market opened on Friday after The Goldman Sachs Group raised their price target on the stock from $9.00 to $10.00. The stock had previously closed at $9.51, but opened at $10.57. The Goldman Sachs Group currently has a neutral rating on the stock. Savers Value Village shares last traded at $10.31, with a volume of 272,183 shares traded.

Other equities research analysts also recently issued reports about the stock. JPMorgan Chase & Co. cut their target price on shares of 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. 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 dropped their price target on Savers Value Village from $14.00 to $13.00 and set a "buy" rating on the stock in a research note on Friday, February 21st. Finally, Piper Sandler raised their target price on shares of Savers Value Village from $10.00 to $11.00 and gave the stock a "neutral" rating in a research note on Friday. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $11.83.

Insider Activity at Savers Value Village

In other Savers Value Village news, insider T. Charles Hunsinger bought 6,000 shares of the business's stock in a transaction on Friday, March 7th. The stock was purchased at an average cost of $7.25 per share, for a total transaction of $43,500.00. Following the completion of the purchase, the insider now directly owns 14,100 shares of the company's stock, valued at approximately $102,225. This trade represents a 74.07 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. 2.38% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of SVV. BNP Paribas Financial Markets bought a new stake in Savers Value Village during the 4th quarter worth $36,000. GAMMA Investing LLC increased its stake in shares of 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 buying an additional 4,671 shares during the period. Versant Capital Management Inc acquired a new position in shares of Savers Value Village in the first quarter valued at approximately $51,000. KLP Kapitalforvaltning AS bought a new position in Savers Value Village in the 4th quarter valued at approximately $57,000. Finally, Wexford Capital LP bought a new stake in Savers Value Village during the 4th quarter worth approximately $106,000. 98.78% of the stock is currently owned by institutional investors and hedge funds.

Savers Value Village Stock Performance

The stock has a market capitalization of $1.71 billion, a price-to-earnings ratio of 60.10 and a beta of 0.95. The company's 50-day simple moving average is $7.99 and its 200-day simple moving average is $9.41. The company has a current ratio of 1.04, a quick ratio of 0.86 and a debt-to-equity ratio of 1.70.

Savers Value Village (NYSE:SVV - Get Free Report) last announced its earnings results on Thursday, February 20th. The company reported $0.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.09 by ($0.04). The company had revenue of $401.99 million for the quarter, compared to the consensus estimate of $402.00 million. Savers Value Village had a return on equity of 8.74% and a net margin of 1.89%. On average, analysts expect that Savers Value Village, Inc. will post 0.28 EPS for the current year.

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.