Savers Value Village (NYSE:SVV) Stock Price Up 8.9% - Still a Buy?

Savers Value Village, Inc. (NYSE:SVV - Get Free Report)'s share price rose 8.9% during mid-day trading on Tuesday . The stock traded as high as $10.67 and last traded at $10.66. Approximately 404,507 shares were traded during trading, a decline of 48% from the average daily volume of 774,649 shares. The stock had previously closed at $9.79.

Analyst Upgrades and Downgrades

SVV has been the subject of several analyst reports. UBS Group lowered their price target on shares of Savers Value Village from $14.00 to $13.00 and set a "buy" rating for the company in a report on Friday, February 21st. The Goldman Sachs Group raised their price target on shares of Savers Value Village from $9.00 to $10.00 and gave the stock a "neutral" rating in a report on Friday, May 2nd. Piper Sandler raised their price target on shares of Savers Value Village from $10.00 to $11.00 and gave the stock a "neutral" rating in a report on Friday, May 2nd. William Blair initiated coverage on shares of Savers Value Village in a report on Friday, April 4th. They set an "outperform" rating for the company. Finally, JPMorgan Chase & Co. lowered their price target on shares of Savers Value Village from $10.00 to $9.00 and set a "neutral" rating for the company in a report on Friday, February 21st. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, Savers Value Village currently has a consensus rating of "Moderate Buy" and an average target price of $11.83.

Savers Value Village Stock Down 2.1%

The firm's 50 day moving average price is $9.42 and its two-hundred day moving average price is $9.46. The company has a market cap of $1.62 billion, a P/E ratio of 57.95 and a beta of 0.95. The company has a debt-to-equity ratio of 1.70, a quick ratio of 0.86 and a current ratio of 1.04.

Insider Activity at Savers Value Village

In other Savers Value Village news, General Counsel Richard A. Medway sold 16,490 shares of Savers Value Village stock in a transaction 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 filing with the SEC, which is available through this link. Also, insider T. Charles Hunsinger acquired 6,000 shares of the business's stock in a transaction on Friday, March 7th. The shares were purchased at an average cost of $7.25 per share, for a total transaction of $43,500.00. Following the completion of the acquisition, the insider now directly owns 14,100 shares in the company, valued at approximately $102,225. The trade was a 74.07% increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last 90 days, insiders sold 57,094 shares of company stock valued at $550,834. 2.38% of the stock is owned by company insiders.

Hedge Funds Weigh In On Savers Value Village

Hedge funds have recently bought and sold shares of the company. BNP Paribas Financial Markets purchased a new position in Savers Value Village during the 4th quarter worth $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 worth $41,000 after buying an additional 4,671 shares during the last quarter. Versant Capital Management Inc purchased a new position in shares of Savers Value Village in the 1st quarter worth about $51,000. KLP Kapitalforvaltning AS purchased a new position in shares of Savers Value Village in the 4th quarter worth about $57,000. Finally, Walleye Capital LLC purchased a new position in shares of Savers Value Village in the 1st quarter worth about $74,000. 98.78% of the stock is owned by hedge funds and other institutional investors.

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.