Savers Value Village (NYSE:SVV) Shares Gap Up - What's Next?

Savers Value Village, Inc. (NYSE:SVV - Get Free Report) shares gapped up prior to trading on Tuesday . The stock had previously closed at $10.61, but opened at $11.00. Savers Value Village shares last traded at $11.04, with a volume of 36,782 shares trading hands.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on SVV shares. 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 research note on Friday, February 21st. JPMorgan Chase & Co. dropped their target price 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. Northland Capmk upgraded shares of Savers Value Village to a "strong-buy" rating in a research note on Tuesday. William Blair started coverage on shares of Savers Value Village in a research note on Friday, April 4th. They issued an "outperform" rating on the stock. Finally, Northland Securities started coverage on shares of Savers Value Village in a research note on Tuesday. They issued an "outperform" rating and a $15.00 target price on the stock. Three equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Savers Value Village currently has an average rating of "Moderate Buy" and a consensus price target of $12.29.

Savers Value Village Trading Down 2.5%

The firm's 50-day moving average price is $9.87 and its 200-day moving average price is $9.53. 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 company has a market cap of $1.60 billion, a P/E ratio of 57.17 and a beta of 0.99.

Insider Activity

In related news, 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 transaction of $354,400.00. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, 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 transaction of $189,470.10. The disclosure for this sale can be found here. Insiders have sold a total of 57,094 shares of company stock valued at $550,834 over the last quarter. Company insiders own 3.09% of the company's stock.

Institutional Trading of Savers Value Village

A number of hedge funds and other institutional investors have recently bought and sold shares of SVV. BNP Paribas Financial Markets bought a new stake in Savers Value Village during the 4th quarter worth approximately $36,000. GAMMA Investing LLC increased its holdings in Savers Value Village by 386.7% during the 1st quarter. GAMMA Investing LLC now owns 5,879 shares of the company's stock worth $41,000 after acquiring an additional 4,671 shares during the period. Versant Capital Management Inc bought a new stake in Savers Value Village during the 1st quarter worth approximately $51,000. KLP Kapitalforvaltning AS bought a new stake in Savers Value Village during the 4th quarter worth approximately $57,000. Finally, Walleye Capital LLC bought a new stake in Savers Value Village during the 1st 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.