Savers Value Village (NYSE:SVV) Shares Up 3.4% – Should You Buy?

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

Analyst Upgrades and Downgrades

Separately, Piper Sandler reiterated 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 research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, Savers Value Village has an average rating of “Hold” and an average target price of $12.00.

Savers Value Village Price Performance

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 stock has a market capitalization of $1.65 billion, a PE ratio of 22.41 and a beta of 1.40. The stock’s 50 day moving average is $9.82 and its two-hundred day moving average is $10.40.

Insider Activity

In other news, COO Jubran N. Tanious sold 7,889 shares of the company’s 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 document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 2.38% of the company’s stock.

Hedge Funds Weigh In On Savers Value Village

A number of institutional investors and hedge funds have recently bought and sold shares of SVV. nVerses Capital LLC purchased a new stake in Savers Value Village in the 2nd quarter valued at $62,000. Aigen Investment Management LP grew its stake in shares of Savers Value Village by 29.0% in the 3rd 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 period. GSA Capital Partners LLP acquired a new stake in shares of Savers Value Village during the 3rd quarter worth approximately $248,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new stake in shares of Savers Value Village during the 3rd quarter worth approximately $252,000. Finally, Victory Capital Management Inc. purchased a new stake in shares of Savers Value Village during the 2nd quarter valued at approximately $255,000. 98.78% of the stock is currently owned by institutional investors and hedge funds.

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.