Savers Value Village (NYSE:SVV) Shares Gap Up - Time to Buy?

Savers Value Village, Inc. (NYSE:SVV - Get Free Report)'s share price gapped up before the market opened 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 changing hands.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on SVV shares. Piper Sandler boosted their price objective on shares of Savers Value Village from $10.00 to $11.00 and gave the company a "neutral" rating in a research report on Friday, May 2nd. The Goldman Sachs Group boosted their price objective on shares of Savers Value Village from $9.00 to $10.00 and gave the company a "neutral" rating in a research report on Friday, May 2nd. Northland Securities started coverage on shares of Savers Value Village in a research report on Tuesday. They set an "outperform" rating and a $15.00 price objective on the stock. 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. Finally, Northland Capmk upgraded shares of Savers Value Village to a "strong-buy" rating in a report on Tuesday. Three investment analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $12.29.

Savers Value Village Trading Down 1.5%

The stock has a market cap of $1.68 billion, a P/E ratio of 60.08 and a beta of 0.99. The company has a current ratio of 1.04, a quick ratio of 0.86 and a debt-to-equity ratio of 1.70. The stock's fifty day moving average price is $9.77 and its 200 day moving average price is $9.52.

Insider Activity

In related news, General Counsel Richard A. Medway sold 16,490 shares of the company's stock in a transaction dated 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 legal filing with the SEC, which is available at this hyperlink. Also, CEO Mark T. Walsh sold 40,000 shares of the company's stock in a transaction dated Thursday, May 15th. The stock was 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. In the last 90 days, insiders have sold 57,094 shares of company stock worth $550,834. Corporate insiders own 2.38% of the company's stock.

Hedge Funds Weigh In On Savers Value Village

Hedge funds have recently bought and sold shares of the company. BNP Paribas Financial Markets bought a new position in Savers Value Village in the 4th quarter worth about $36,000. GAMMA Investing LLC boosted its stake in Savers Value Village by 386.7% in the 1st quarter. GAMMA Investing LLC now owns 5,879 shares of the company's stock worth $41,000 after purchasing an additional 4,671 shares in the last quarter. Versant Capital Management Inc bought a new position in Savers Value Village in the 1st quarter worth about $51,000. KLP Kapitalforvaltning AS bought a new position in Savers Value Village in the 4th quarter worth about $57,000. Finally, Walleye Capital LLC bought a new position in Savers Value Village in the 1st quarter worth about $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.