Savers Value Village (NYSE:SVV) Shares Down 3.1% - Should You Sell?

Savers Value Village, Inc. (NYSE:SVV - Get Free Report)'s share price was down 3.1% during mid-day trading on Thursday . The company traded as low as $10.47 and last traded at $10.55. Approximately 53,049 shares traded hands during mid-day trading, a decline of 93% from the average daily volume of 761,809 shares. The stock had previously closed at $10.88.

Analysts Set New Price Targets

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

Savers Value Village Price Performance

The company has a current ratio of 0.74, a quick ratio of 0.57 and a debt-to-equity ratio of 1.69. The company has a market cap of $1.69 billion, a price-to-earnings ratio of 72.54 and a beta of 0.99. The firm's fifty day simple moving average is $10.34 and its 200 day simple moving average is $9.61.

Insider Activity at Savers Value Village

In other Savers Value Village news, General Counsel Richard A. Medway sold 16,490 shares of the business's stock in a transaction that occurred on Thursday, May 8th. The shares were sold at an average price of $11.49, for a total transaction of $189,470.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Mark T. Walsh sold 40,000 shares of the business's stock in a transaction that occurred on 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. Insiders have sold a total of 57,094 shares of company stock valued at $550,834 in the last quarter. 3.09% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. BNP Paribas Financial Markets acquired a new position in shares of Savers Value Village in the 4th quarter valued at $36,000. GAMMA Investing LLC boosted its holdings 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 buying an additional 4,671 shares in the last quarter. Versant Capital Management Inc acquired a new position in shares of Savers Value Village in the 1st quarter valued at $51,000. KLP Kapitalforvaltning AS acquired a new position in shares of Savers Value Village in the 4th quarter valued at $57,000. Finally, Walleye Capital LLC acquired a new position in shares of Savers Value Village in the 1st quarter valued at $74,000. Institutional investors and hedge funds 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.