Savers Value Village (NYSE:SVV) Trading Up 8.9% - Should You Buy?

Savers Value Village, Inc. (NYSE:SVV - Get Free Report) shares shot up 8.9% during mid-day trading on Tuesday . The stock traded as high as $10.67 and last traded at $10.66. 404,507 shares changed hands during trading, a decline of 48% from the average session volume of 774,649 shares. The stock had previously closed at $9.79.

Analyst Ratings Changes

SVV has been the subject of a number of research reports. UBS Group lowered their target price on Savers Value Village from $14.00 to $13.00 and set a "buy" rating for the company in a research report on Friday, February 21st. William Blair assumed coverage on shares of Savers Value Village in a research report on Friday, April 4th. They set an "outperform" rating for the company. Piper Sandler lifted their price objective 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. The Goldman Sachs Group upped their target price 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. 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 analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $11.83.

Savers Value Village Trading Down 0.3%

The company's 50 day moving average price is $9.56 and its two-hundred day moving average price is $9.48. The firm has a market cap of $1.60 billion, a PE ratio of 57.42 and a beta of 0.95. The company has a quick ratio of 0.86, a current ratio of 1.04 and a debt-to-equity ratio of 1.70.

Insider Buying and Selling

In other 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 filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, General Counsel Richard A. Medway sold 16,490 shares of the business's 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 disclosure for this sale can be found here. Insiders have sold 57,094 shares of company stock valued at $550,834 in the last ninety days. 2.38% of the stock is owned by company insiders.

Hedge Funds Weigh In On Savers Value Village

Institutional investors have recently modified their holdings of the stock. T. Rowe Price Investment Management Inc. increased its holdings in Savers Value Village by 19.6% during the 1st quarter. T. Rowe Price Investment Management Inc. now owns 7,137,153 shares of the company's stock worth $49,247,000 after purchasing an additional 1,167,253 shares during the period. Baillie Gifford & Co. grew its position in shares of Savers Value Village by 76.4% during the 1st quarter. Baillie Gifford & Co. now owns 6,509,978 shares of the company's stock worth $44,919,000 after buying an additional 2,820,500 shares in the last quarter. Vanguard Group Inc. increased its stake in shares of Savers Value Village by 3.0% during the fourth quarter. Vanguard Group Inc. now owns 2,382,647 shares of the company's stock valued at $24,422,000 after buying an additional 68,316 shares during the period. Ameriprise Financial Inc. bought a new stake in shares of Savers Value Village in the fourth quarter valued at about $11,324,000. Finally, Geode Capital Management LLC raised its holdings in shares of Savers Value Village by 2.2% in the fourth quarter. Geode Capital Management LLC now owns 554,854 shares of the company's stock valued at $5,689,000 after acquiring an additional 11,855 shares in the last quarter. 98.78% of the stock is owned by hedge funds and other institutional investors.

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.