Savers Value Village (NYSE:SVV) Trading 6.4% Higher - What's Next?

Savers Value Village, Inc. (NYSE:SVV - Get Free Report) 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 changed hands 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 Analysts Forecast Growth

Separately, Piper Sandler reiterated a "neutral" rating and set a $10.00 price target (down 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 company. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $12.00.

Savers Value Village Stock Performance

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 stock has a market cap of $1.67 billion, a P/E ratio of 22.72 and a beta of 1.04. The company has a 50 day simple moving average of $9.83 and a 200-day simple moving average of $10.10.

Insider Activity

In related news, COO Jubran N. Tanious sold 7,889 shares of the business's 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 sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 2.38% of the company's stock.

Hedge Funds Weigh In On Savers Value Village

A number of institutional investors have recently added to or reduced their stakes in the company. Hsbc Holdings PLC boosted its position in shares of 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 buying an additional 1,749 shares during the last quarter. Aigen Investment Management LP raised its stake in Savers Value Village by 29.0% during 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 last quarter. Sei Investments Co. boosted its stake in shares of Savers Value Village by 8.9% in the 2nd quarter. Sei Investments Co. now owns 58,704 shares of the company's stock worth $719,000 after buying an additional 4,808 shares during the last quarter. TD Asset Management Inc grew its holdings in shares of Savers Value Village by 26.8% in the second quarter. TD Asset Management Inc now owns 52,056 shares of the company's stock worth $637,000 after acquiring an additional 11,000 shares during the period. Finally, Dark Forest Capital Management LP increased its position in Savers Value Village by 71.4% during the second quarter. Dark Forest Capital Management LP now owns 48,090 shares of the company's stock valued at $589,000 after acquiring an additional 20,027 shares during the last quarter. 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.