Savers Value Village, Inc. (NYSE:SVV) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Shares of Savers Value Village, Inc. (NYSE:SVV) have been given an average rating of “Moderate Buy” by the nine research firms that are presently covering the stock, MarketBeat Ratings reports. Three analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $12.29.

A number of analysts have recently issued reports on SVV shares. Northland Capmk upgraded Savers Value Village to a “strong-buy” rating in a research report on Tuesday, June 10th. Northland Securities initiated coverage on Savers Value Village in a research report on Tuesday, June 10th. They set an “outperform” rating and a $15.00 price objective on the stock. William Blair initiated coverage on Savers Value Village in a research report on Friday, April 4th. They issued an “outperform” rating on the stock. The Goldman Sachs Group upped their price target on Savers Value Village from $9.00 to $10.00 and gave the company a “neutral” rating in a research report on Friday, May 2nd. Finally, Piper Sandler upped their price target 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.

Insiders Place Their Bets

In other Savers Value Village news, CEO Mark T. Walsh sold 40,000 shares of the company’s stock in a transaction that occurred on Thursday, May 15th. The shares were sold at an average price of $8.86, for a total value of $354,400.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, General Counsel Richard A. Medway sold 16,490 shares of the firm’s stock in a transaction that occurred on 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. In the last 90 days, insiders sold 57,094 shares of company stock valued at $550,834. Company insiders own 3.09% of the company’s stock.

Institutional Investors Weigh In On Savers Value Village

Several institutional investors have recently bought and sold shares of SVV. Baillie Gifford & Co. lifted its stake in Savers Value Village by 76.4% in the 1st quarter. Baillie Gifford & Co. now owns 6,509,978 shares of the company’s stock valued at $44,919,000 after acquiring an additional 2,820,500 shares in the last quarter. T. Rowe Price Investment Management Inc. boosted its position in Savers Value Village by 49.3% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 5,969,900 shares of the company’s stock valued at $61,192,000 after purchasing an additional 1,970,894 shares during the last quarter. Ameriprise Financial Inc. acquired a new position in Savers Value Village during the fourth quarter valued at approximately $11,324,000. Marshall Wace LLP boosted its position in Savers Value Village by 1,328.7% during the fourth quarter. Marshall Wace LLP now owns 541,103 shares of the company’s stock valued at $5,546,000 after purchasing an additional 503,230 shares during the last quarter. Finally, Primecap Management Co. CA boosted its position in Savers Value Village by 662.1% during the fourth quarter. Primecap Management Co. CA now owns 471,750 shares of the company’s stock valued at $4,835,000 after purchasing an additional 409,850 shares during the last quarter. Institutional investors own 98.78% of the company’s stock.

Savers Value Village Price Performance

Shares of Savers Value Village stock opened at $10.29 on Thursday. The firm has a fifty day simple moving average of $10.17 and a 200-day simple moving average of $9.58. The company has a current ratio of 0.74, a quick ratio of 0.57 and a debt-to-equity ratio of 1.69. Savers Value Village has a 1-year low of $6.48 and a 1-year high of $12.83. The stock has a market capitalization of $1.60 billion, a price-to-earnings ratio of 68.60 and a beta of 0.99.

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.