Savers Value Village (NYSE:SVV) Trading 3.4% Higher – Time to Buy?

Savers Value Village, Inc. (NYSE:SVV) rose 3.4% during mid-day trading on Tuesday . The company traded as high as $10.00 and last traded at $9.97. Approximately 15,687 shares changed hands during mid-day trading, a decline of 98% from the average daily volume of 728,088 shares. The stock had previously closed at $9.64.

Analyst Ratings Changes

Separately, Piper Sandler restated a “neutral” rating and set a $10.00 price objective (down from $11.00) on shares of Savers Value Village in a report on Friday, November 8th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $12.00.

Savers Value Village Stock Performance

The company has a market capitalization of $1.65 billion, a PE ratio of 22.41 and a beta of 1.40. The company has a debt-to-equity ratio of 1.70, a current ratio of 1.04 and a quick ratio of 0.86. The company’s fifty day moving average is $9.82 and its 200-day moving average is $10.40.

Insider Buying and Selling at Savers Value Village

In other Savers Value Village news, COO Jubran N. Tanious sold 7,889 shares of the business’s stock in a transaction that occurred on 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 SEC, which is available at this link. 2.38% of the stock is owned by insiders.

Hedge Funds Weigh In On Savers Value Village

Several hedge funds have recently made changes to their positions in SVV. nVerses Capital LLC acquired a new position in shares of Savers Value Village in the second quarter valued at about $62,000. Aigen Investment Management LP boosted its position in Savers Value Village by 29.0% in the third quarter. Aigen Investment Management LP now owns 15,449 shares of the company’s stock valued at $163,000 after buying an additional 3,477 shares during the last quarter. Victory Capital Management Inc. acquired a new position in Savers Value Village in the 2nd quarter worth approximately $255,000. GSA Capital Partners LLP purchased a new stake in Savers Value Village during the third quarter worth $248,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new stake in Savers Value Village during the third quarter valued at $252,000. 98.78% of the stock is 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.