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

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

Analysts Set New Price Targets

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

Savers Value Village Price Performance

The business has a 50-day moving average price of $9.83 and a two-hundred day moving average price of $10.10. The company has a quick ratio of 0.86, a current ratio of 1.04 and a debt-to-equity ratio of 1.70. The company has a market capitalization of $1.70 billion, a price-to-earnings ratio of 23.04 and a beta of 1.04.

Insider Buying and Selling at Savers Value Village

In other Savers Value Village news, COO Jubran N. Tanious sold 7,889 shares of Savers Value Village stock in a transaction 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 through this link. Insiders own 2.38% of the company’s stock.

Institutional Trading of Savers Value Village

Several institutional investors and hedge funds have recently made changes to their positions in SVV. Aigen Investment Management LP raised 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 worth $163,000 after acquiring an additional 3,477 shares during the period. GSA Capital Partners LLP bought a new stake in shares of Savers Value Village in the 3rd quarter worth approximately $248,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new position in Savers Value Village in the third quarter valued at approximately $252,000. Victory Capital Management Inc. bought a new position in Savers Value Village during the second quarter valued at $255,000. Finally, Hsbc Holdings PLC increased its holdings in Savers Value Village by 6.7% in the 2nd quarter. Hsbc Holdings PLC now owns 27,879 shares of the company’s stock worth $335,000 after acquiring an additional 1,749 shares during the last quarter. Hedge funds and other institutional investors 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.