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

Northland Securities initiated coverage on shares of Savers Value Village (NYSE:SVV) in a research report report published on Tuesday, MarketBeat reports. The brokerage issued an outperform rating and a $15.00 target price on the stock.

SVV has been the topic of several other research reports. The Goldman Sachs Group raised their target price on shares of Savers Value Village from $9.00 to $10.00 and gave the company a “neutral” rating in a report on Friday, May 2nd. William Blair began coverage on shares of Savers Value Village in a report on Friday, April 4th. They issued an “outperform” rating on the stock. UBS Group reduced their target price on shares of Savers Value Village from $14.00 to $13.00 and set a “buy” rating on the stock in a report on Friday, February 21st. Piper Sandler raised their target price on shares of Savers Value Village from $10.00 to $11.00 and gave the company a “neutral” rating in a report on Friday, May 2nd. Finally, JPMorgan Chase & Co. reduced their target price on shares of Savers Value Village from $10.00 to $9.00 and set a “neutral” rating on the stock in a report on Friday, February 21st. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $12.29.

Savers Value Village Stock Up 3.6%

Shares of NYSE:SVV opened at $11.00 on Tuesday. The firm’s 50 day moving average price is $9.70 and its 200 day moving average price is $9.51. The stock has a market cap of $1.71 billion, a price-to-earnings ratio of 61.09 and a beta of 0.99. Savers Value Village has a fifty-two week low of $6.48 and a fifty-two week high of $13.62. 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 at Savers Value Village

In other Savers Value Village news, General Counsel Richard A. Medway sold 16,490 shares of the stock in a transaction that occurred on Thursday, May 8th. The shares were sold at an average price of $11.49, for a total value of $189,470.10. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Mark T. Walsh sold 40,000 shares of the stock in a transaction that occurred on Thursday, May 15th. The shares were 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 57,094 shares of company stock worth $550,834 over the last three months. Insiders own 2.38% of the company’s stock.

Hedge Funds Weigh In On Savers Value Village

Hedge funds have recently modified their holdings of the business. Baillie Gifford & Co. grew its position in shares of Savers Value Village by 570.0% during the fourth quarter. Baillie Gifford & Co. now owns 3,689,478 shares of the company’s stock worth $37,817,000 after acquiring an additional 3,138,844 shares during the last quarter. Primecap Management Co. CA grew its position in shares of Savers Value Village by 662.1% during the fourth quarter. Primecap Management Co. CA now owns 471,750 shares of the company’s stock worth $4,835,000 after acquiring an additional 409,850 shares during the last quarter. Bank of New York Mellon Corp grew its position in shares of Savers Value Village by 94.0% during the fourth quarter. Bank of New York Mellon Corp now owns 124,901 shares of the company’s stock worth $1,280,000 after acquiring an additional 60,507 shares during the last quarter. Nuveen Asset Management LLC grew its position in shares of Savers Value Village by 56.8% during the fourth quarter. Nuveen Asset Management LLC now owns 107,270 shares of the company’s stock worth $1,100,000 after acquiring an additional 38,856 shares during the last quarter. Finally, Vanguard Group Inc. grew its position 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 worth $24,422,000 after acquiring an additional 68,316 shares during the last quarter. 98.78% of the stock is currently 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.