Savers Value Village (NYSE:SVV) Stock Price Up 5.1% - Still a Buy?

Savers Value Village, Inc. (NYSE:SVV - Get Free Report)'s stock price shot up 5.1% during trading on Friday . The company traded as high as $7.61 and last traded at $7.47. 117,217 shares changed hands during trading, a decline of 84% from the average session volume of 728,871 shares. The stock had previously closed at $7.11.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on SVV shares. William Blair assumed coverage on shares of Savers Value Village in a research report on Friday, April 4th. They set an "outperform" rating on the stock. JPMorgan Chase & Co. lowered their price objective on Savers Value Village from $10.00 to $9.00 and set a "neutral" rating on the stock in a research note on Friday, February 21st. Piper Sandler dropped their target price on Savers Value Village from $11.00 to $10.00 and set a "neutral" rating for the company in a report on Monday, February 24th. Finally, UBS Group decreased their price target on Savers Value Village from $14.00 to $13.00 and set a "buy" rating on the stock in a research note on Friday, February 21st. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $11.67.

Savers Value Village Trading Up 11.8 %

The company's fifty day moving average price is $8.50 and its two-hundred day moving average price is $9.56. 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 cap of $1.31 billion, a price-to-earnings ratio of 45.95 and a beta of 1.24.

Savers Value Village (NYSE:SVV - Get Free Report) last released its quarterly earnings results on Thursday, February 20th. The company reported $0.05 earnings per share for the quarter, missing analysts' consensus estimates of $0.09 by ($0.04). The business had revenue of $401.99 million for the quarter, compared to analyst estimates of $402.00 million. Savers Value Village had a net margin of 1.89% and a return on equity of 8.74%. Research analysts expect that Savers Value Village, Inc. will post 0.28 earnings per share for the current year.

Insider Activity at Savers Value Village

In related news, insider T. Charles Hunsinger purchased 6,000 shares of the firm's stock in a transaction dated Friday, March 7th. The shares were acquired at an average cost of $7.25 per share, with a total value of $43,500.00. Following the completion of the purchase, the insider now directly owns 14,100 shares of the company's stock, valued at $102,225. This trade represents a 74.07 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, General Counsel Richard A. Medway sold 4,800 shares of the business's stock in a transaction that occurred on Tuesday, January 21st. The stock was sold at an average price of $11.48, for a total transaction of $55,104.00. The disclosure for this sale can be found here. 2.38% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Savers Value Village

Hedge funds have recently added to or reduced their stakes in the company. BNP Paribas Financial Markets acquired a new position in Savers Value Village during the 4th quarter valued at about $36,000. KLP Kapitalforvaltning AS bought a new stake in shares of Savers Value Village during the fourth quarter worth approximately $57,000. GAMMA Investing LLC lifted its holdings in Savers Value Village by 386.7% in the first quarter. GAMMA Investing LLC now owns 5,879 shares of the company's stock valued at $41,000 after buying an additional 4,671 shares during the period. Versant Capital Management Inc bought a new position in Savers Value Village in the first quarter valued at approximately $51,000. Finally, Wexford Capital LP bought a new position in Savers Value Village in the fourth quarter valued at approximately $106,000. 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.