Savers Value Village (NYSE:SVV) Trading Up 6.4% – Time to Buy?

Shares of Savers Value Village, Inc. (NYSE:SVV) shot up 6.4% during trading on Friday . The stock traded as high as $10.09 and last traded at $9.97. 112,541 shares were traded during trading, a decline of 76% from the average session volume of 468,426 shares. The stock had previously closed at $9.37.

Wall Street Analyst Weigh In

Separately, Piper Sandler reaffirmed a “neutral” rating and issued a $10.00 target price (down previously from $11.00) on shares of Savers Value Village in a report on Friday, November 8th. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $12.00.

Savers Value Village Stock Performance

The firm has a market capitalization of $1.67 billion, a PE ratio of 22.72 and a beta of 1.04. The company has a debt-to-equity ratio of 1.70, a quick ratio of 0.86 and a current ratio of 1.04. The business’s fifty day simple moving average is $9.83 and its 200-day simple moving average is $10.09.

Insider Activity at Savers Value Village

In other Savers Value Village news, COO Jubran N. Tanious sold 7,889 shares of the stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $10.31, for a total transaction of $81,335.59. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 2.38% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Savers Value Village

A number of hedge funds have recently made changes to their positions in the company. Aigen Investment Management LP increased its stake in Savers Value Village by 29.0% in the 3rd quarter. Aigen Investment Management LP now owns 15,449 shares of the company’s stock worth $163,000 after acquiring an additional 3,477 shares during the last quarter. GSA Capital Partners LLP bought a new stake in Savers Value Village in the third quarter worth $248,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new stake in Savers Value Village during the third quarter valued at $252,000. Victory Capital Management Inc. purchased a new stake in Savers Value Village during the second quarter valued at $255,000. Finally, Hsbc Holdings PLC lifted its position in Savers Value Village by 6.7% during the second quarter. Hsbc Holdings PLC now owns 27,879 shares of the company’s stock valued at $335,000 after purchasing an additional 1,749 shares during the last quarter. 98.78% of the stock is currently owned by hedge funds and other institutional investors.

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.