Northland Securities Initiates Coverage on Savers Value Village (NYSE:SVV)

Stock analysts at Northland Securities initiated coverage on shares of Savers Value Village (NYSE:SVV) in a research report issued to clients and investors on Tuesday, Marketbeat.com reports. The brokerage set an “outperform” rating and a $15.00 price target on the stock. Northland Securities’ target price indicates a potential upside of 38.72% from the stock’s previous close.

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

Savers Value Village Trading Down 1.5%

SVV opened at $10.81 on Tuesday. The stock has a market capitalization of $1.68 billion, a P/E ratio of 60.08 and a beta of 0.99. Savers Value Village has a 12 month low of $6.48 and a 12 month high of $13.62. The firm’s fifty day simple moving average is $9.77 and its 200 day simple moving average is $9.52. 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 Transactions at Savers Value Village

In other news, General Counsel Richard A. Medway sold 16,490 shares of the business’s stock in a transaction dated 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 document filed with the SEC, which can be accessed through this link. Also, CEO Mark T. Walsh sold 40,000 shares of the business’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 disclosure for this sale can be found here. Insiders have sold 57,094 shares of company stock worth $550,834 in the last ninety days. Insiders own 2.38% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of SVV. BNP Paribas Financial Markets acquired a new position in Savers Value Village in the 4th quarter valued at about $36,000. GAMMA Investing LLC grew its stake in Savers Value Village by 386.7% in the 1st quarter. GAMMA Investing LLC now owns 5,879 shares of the company’s stock valued at $41,000 after buying an additional 4,671 shares during the last quarter. Versant Capital Management Inc acquired a new position in Savers Value Village in the 1st quarter valued at about $51,000. KLP Kapitalforvaltning AS acquired a new position in Savers Value Village in the 4th quarter valued at about $57,000. Finally, Walleye Capital LLC acquired a new position in Savers Value Village in the 1st quarter valued at about $74,000. Institutional investors and hedge funds 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.