Savers Value Village (NYSE:SVV) Trading Down 0.5% - Here's Why

Savers Value Village, Inc. (NYSE:SVV - Get Free Report) fell 0.5% during trading on Friday . The company traded as low as $10.07 and last traded at $10.13. 806,706 shares changed hands during trading, an increase of 7% from the average session volume of 754,767 shares. The stock had previously closed at $10.18.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on SVV. William Blair started coverage on Savers Value Village in a research note on Friday, April 4th. They set an "outperform" rating on the stock. Northland Capmk raised Savers Value Village to a "strong-buy" rating in a research report on Tuesday, June 10th. Northland Securities assumed coverage on Savers Value Village in a research report on Tuesday, June 10th. They issued an "outperform" rating and a $15.00 target price for the company. The Goldman Sachs Group lifted their price target on Savers Value Village from $9.00 to $10.00 and gave the company a "neutral" rating in a research report on Friday, May 2nd. Finally, Piper Sandler boosted their target price 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. Three research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $12.29.

Savers Value Village Stock Performance

The firm has a 50 day moving average of $10.28 and a 200-day moving average of $9.61. The company has a market cap of $1.61 billion, a P/E ratio of 68.97 and a beta of 0.99. The company has a quick ratio of 0.57, a current ratio of 0.74 and a debt-to-equity ratio of 1.69.

Insider Activity

In related news, General Counsel Richard A. Medway sold 17,619 shares of Savers Value Village stock in a transaction that occurred on Thursday, July 3rd. The stock was sold at an average price of $10.65, for a total transaction of $187,642.35. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Melinda L. Geisser sold 48,000 shares of Savers Value Village stock in a transaction dated Thursday, July 3rd. The stock was sold at an average price of $10.80, for a total transaction of $518,400.00. The disclosure for this sale can be found here. Insiders have sold 124,513 shares of company stock worth $1,275,831 in the last ninety days. Company insiders own 3.09% of the company's stock.

Institutional Trading of Savers Value Village

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. BNP Paribas Financial Markets acquired a new stake in Savers Value Village in the fourth quarter valued at $36,000. GAMMA Investing LLC grew its stake in shares of Savers Value Village by 386.7% in the 1st quarter. GAMMA Investing LLC now owns 5,879 shares of the company's stock valued at $41,000 after purchasing an additional 4,671 shares during the last quarter. Versant Capital Management Inc purchased a new stake in shares of Savers Value Village in the first quarter valued at about $51,000. KLP Kapitalforvaltning AS purchased a new position in Savers Value Village in the fourth quarter worth $57,000. Finally, Walleye Capital LLC acquired a new stake in shares of Savers Value Village in the 1st quarter worth approximately $74,000. Hedge funds and other institutional investors own 98.78% of the company's stock.

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.