Savers Value Village (NYSE:SVV) Stock Price Down 0.5% - What's Next?

Shares of Savers Value Village, Inc. (NYSE:SVV - Get Free Report) traded down 0.5% during mid-day trading on Friday . The stock 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 Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. William Blair assumed coverage on Savers Value Village in a research report on Friday, April 4th. They set an "outperform" rating on the stock. Northland Securities assumed coverage on Savers Value Village in a research report on Tuesday, June 10th. They set an "outperform" rating and a $15.00 price target on the stock. 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. Northland Capmk upgraded Savers Value Village to a "strong-buy" rating in a research report on Tuesday, June 10th. Finally, Piper Sandler lifted their price target on Savers Value Village from $10.00 to $11.00 and gave the company a "neutral" rating in a research report on Friday, May 2nd. Three investment analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $12.29.

Savers Value Village Stock Down 0.5%

The company has a debt-to-equity ratio of 1.69, a current ratio of 0.74 and a quick ratio of 0.57. The firm has a market cap of $1.57 billion, a PE ratio of 67.54 and a beta of 0.99. The business has a fifty day moving average price of $10.30 and a two-hundred day moving average price of $9.61.

Insider Activity

In related news, CEO Mark T. Walsh sold 40,000 shares of Savers Value Village stock in a transaction on Thursday, May 15th. The stock was sold at an average price of $8.86, for a total transaction of $354,400.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Melinda L. Geisser sold 48,000 shares of Savers Value Village stock in a transaction on Thursday, July 3rd. The shares were sold at an average price of $10.80, for a total value of $518,400.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 122,713 shares of company stock worth $1,256,877. 3.09% of the stock is owned by corporate insiders.

Institutional Trading of Savers Value Village

Institutional investors and hedge funds have recently made changes to their positions in the stock. BNP Paribas Financial Markets acquired a new position in shares of Savers Value Village during the 4th quarter worth about $36,000. KLP Kapitalforvaltning AS acquired a new position in shares of Savers Value Village during the 4th quarter worth about $57,000. GAMMA Investing LLC lifted its position in shares of 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 purchasing an additional 4,671 shares during the last quarter. Versant Capital Management Inc bought a new stake in shares of Savers Value Village in the 1st quarter worth approximately $51,000. Finally, Wexford Capital LP bought a new position in Savers Value Village in the fourth quarter worth $106,000. Institutional investors and hedge funds 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.