Savers Value Village (NYSE:SVV) Coverage Initiated by Analysts at Northland Securities

Equities research analysts at Northland Securities began coverage on shares of Savers Value Village (NYSE:SVV) in a research note issued to investors on Tuesday,Briefing.com Automated Import reports. The brokerage set an “outperform” rating and a $15.00 price target on the stock. Northland Securities’ price objective points to a potential upside of 41.31% from the stock’s current price.

Several other equities analysts have also issued reports on the company. William Blair initiated coverage on Savers Value Village in a report on Friday, April 4th. They issued an “outperform” rating for the company. UBS Group cut their price objective on Savers Value Village from $14.00 to $13.00 and set a “buy” rating on the stock in a research report on Friday, February 21st. Piper Sandler raised their target price 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. The Goldman Sachs Group lifted their target price on Savers Value Village from $9.00 to $10.00 and gave the stock a “neutral” rating in a research note on Friday, May 2nd. Finally, JPMorgan Chase & Co. reduced 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 research report on Friday, February 21st. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $12.29.

Savers Value Village Trading Up 2.9%

Shares of SVV stock opened at $10.62 on Tuesday. The company has a debt-to-equity ratio of 1.70, a quick ratio of 0.86 and a current ratio of 1.04. The company has a market capitalization of $1.65 billion, a price-to-earnings ratio of 58.98 and a beta of 0.99. Savers Value Village has a 52-week low of $6.48 and a 52-week high of $13.62. The company has a 50-day simple moving average of $9.62 and a two-hundred day simple moving average of $9.50.

Insider Buying and Selling at Savers Value Village

In other Savers Value Village news, CEO Mark T. Walsh sold 40,000 shares of the company’s stock in a transaction dated Thursday, May 15th. The shares were 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 SEC, which is available through the SEC website. Also, General Counsel Richard A. Medway sold 16,490 shares of the stock in a transaction dated Thursday, May 8th. The stock was 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 a total of 57,094 shares of company stock worth $550,834 over the last ninety days. 2.38% of the stock is currently owned by company insiders.

Institutional Trading of Savers Value Village

Several hedge funds and other institutional investors have recently modified their holdings of the business. Baillie Gifford & Co. grew its stake in Savers Value Village by 570.0% in the 4th quarter. Baillie Gifford & Co. now owns 3,689,478 shares of the company’s stock valued at $37,817,000 after buying an additional 3,138,844 shares in the last quarter. Handelsbanken Fonder AB bought a new position in shares of Savers Value Village in the fourth quarter worth $138,000. Bank of New York Mellon Corp grew its position in shares of Savers Value Village by 94.0% in the fourth quarter. Bank of New York Mellon Corp now owns 124,901 shares of the company’s stock valued at $1,280,000 after purchasing an additional 60,507 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of Savers Value Village by 8.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 225,267 shares of the company’s stock valued at $2,309,000 after purchasing an additional 17,482 shares during the period. Finally, Aigen Investment Management LP raised its stake in shares of Savers Value Village by 11.2% during the 4th quarter. Aigen Investment Management LP now owns 17,175 shares of the company’s stock valued at $176,000 after purchasing an additional 1,726 shares during the period. Institutional investors 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.