Savers Value Village (NYSE:SVV) Rating Increased to Strong-Buy at Northland Capmk

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

A number of other research analysts have also recently weighed in on the company. William Blair initiated coverage on Savers Value Village in a report on Friday, April 4th. They issued an “outperform” rating on the stock. The Goldman Sachs Group raised their price target 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. UBS Group dropped their price objective on Savers Value Village from $14.00 to $13.00 and set a “buy” rating on the stock in a report on Friday, February 21st. Northland Securities started coverage on shares of Savers Value Village in a research note on Tuesday. They issued an “outperform” rating and a $15.00 target price on the stock. Finally, JPMorgan Chase & Co. dropped their price target on Savers Value Village from $10.00 to $9.00 and set a “neutral” rating on the stock in a research report 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. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $12.29.

Savers Value Village Stock Down 2.2%

Shares of NYSE:SVV opened at $10.55 on Tuesday. The stock’s 50-day moving average price is $9.82 and its two-hundred day moving average price 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. Savers Value Village has a 12-month low of $6.48 and a 12-month high of $13.17. The firm has a market cap of $1.64 billion, a price-to-earnings ratio of 58.61 and a beta of 0.99.

Insider Buying and Selling

In related news, CEO Mark T. Walsh sold 40,000 shares of Savers Value Village 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 sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, General Counsel Richard A. Medway sold 16,490 shares of the business’s 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 valued at $550,834 in the last quarter. Company insiders own 3.09% of the company’s stock.

Institutional Investors Weigh In On Savers Value Village

Institutional investors and hedge funds have recently modified their holdings of the stock. BNP Paribas Financial Markets purchased a new position in shares of Savers Value Village in the fourth quarter worth approximately $36,000. GAMMA Investing LLC increased its stake in shares of Savers Value Village by 386.7% during the 1st quarter. GAMMA Investing LLC now owns 5,879 shares of the company’s stock worth $41,000 after purchasing an additional 4,671 shares during the last quarter. Versant Capital Management Inc bought a new position in Savers Value Village during the first quarter valued at about $51,000. KLP Kapitalforvaltning AS bought a new position in shares of Savers Value Village in the 4th quarter valued at approximately $57,000. Finally, Walleye Capital LLC bought a new position in shares of Savers Value Village in the first quarter valued at approximately $74,000. Institutional investors and hedge funds own 98.78% of the company’s stock.

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.