Savers Value Village (NYSE:SVV) Upgraded at Northland Capmk

Northland Capmk upgraded shares of Savers Value Village (NYSE:SVV) to a strong-buy rating in a research report released on Tuesday morning,Zacks.com reports.

A number of other equities research analysts have also recently commented on the stock. JPMorgan Chase & Co. dropped their price objective on shares of Savers Value Village from $10.00 to $9.00 and set a “neutral” rating on the stock in a research note on Friday, February 21st. Northland Securities assumed coverage on Savers Value Village in a report on Tuesday. They issued an “outperform” rating and a $15.00 price objective on the stock. William Blair initiated coverage on shares of Savers Value Village in a research note on Friday, April 4th. They issued an “outperform” rating on the stock. UBS Group lowered their price target on shares of 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. Finally, Piper Sandler raised their target price on 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 assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Savers Value Village currently has an average rating of “Moderate Buy” and an average price target of $12.29.

Savers Value Village Price Performance

Shares of NYSE:SVV opened at $10.55 on Tuesday. The company has a market cap of $1.64 billion, a PE ratio of 58.61 and a beta of 0.99. Savers Value Village has a twelve month low of $6.48 and a twelve month high of $13.17. The company’s 50 day moving average is $9.82 and its 200 day moving average is $9.53. The company has a current ratio of 1.04, a quick ratio of 0.86 and a debt-to-equity ratio of 1.70.

Insider Activity

In other news, CEO Mark T. Walsh sold 40,000 shares of the company’s stock in a transaction dated 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 legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, 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 transaction of $189,470.10. The disclosure for this sale can be found here. Over the last quarter, insiders sold 57,094 shares of company stock valued at $550,834. 3.09% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Savers Value Village

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. T. Rowe Price Investment Management Inc. increased its holdings in shares of Savers Value Village by 19.6% in the 1st quarter. T. Rowe Price Investment Management Inc. now owns 7,137,153 shares of the company’s stock valued at $49,247,000 after acquiring an additional 1,167,253 shares during the period. Baillie Gifford & Co. boosted its stake in shares of Savers Value Village by 76.4% in the first quarter. Baillie Gifford & Co. now owns 6,509,978 shares of the company’s stock valued at $44,919,000 after buying an additional 2,820,500 shares in the last quarter. Vanguard Group Inc. grew its stake in shares of Savers Value Village by 3.0% during the 4th quarter. Vanguard Group Inc. now owns 2,382,647 shares of the company’s stock worth $24,422,000 after purchasing an additional 68,316 shares during the period. Ameriprise Financial Inc. acquired a new position in Savers Value Village during the fourth quarter worth about $11,324,000. Finally, Geode Capital Management LLC increased its stake in Savers Value Village by 2.2% in the 4th quarter. Geode Capital Management LLC now owns 554,854 shares of the company’s stock valued at $5,689,000 after purchasing an additional 11,855 shares in the last quarter. 98.78% of the stock is currently owned by institutional investors and hedge funds.

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.