Insider Selling: Savers Value Village, Inc. (NYSE:SVV) COO Sells 7,889 Shares of Stock

Savers Value Village, Inc. (NYSE:SVV) COO Jubran N. Tanious sold 7,889 shares of the firm’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 available at this hyperlink.

Savers Value Village Price Performance

NYSE:SVV traded down $0.30 during trading hours on Thursday, reaching $9.48. The company had a trading volume of 684,593 shares, compared to its average volume of 741,420. The firm has a market capitalization of $1.52 billion, a PE ratio of 21.26 and a beta of 1.59. The stock has a 50-day moving average of $10.09 and a two-hundred day moving average of $11.25. Savers Value Village, Inc. has a one year low of $7.78 and a one year high of $21.33. The company has a quick ratio of 0.87, a current ratio of 1.04 and a debt-to-equity ratio of 1.70.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on SVV shares. Piper Sandler reiterated a “neutral” rating and issued a $10.00 target price (down previously from $11.00) on shares of Savers Value Village in a research note on Friday, November 8th. Loop Capital decreased their price objective on Savers Value Village from $23.00 to $15.00 and set a “buy” rating on the stock in a report on Monday, August 12th. The Goldman Sachs Group lowered Savers Value Village from a “buy” rating to a “neutral” rating and cut their target price for the company from $14.00 to $10.00 in a research note on Friday, August 9th. Robert W. Baird reduced their target price on Savers Value Village from $21.00 to $13.00 and set an “outperform” rating for the company in a research report on Friday, August 9th. Finally, JPMorgan Chase & Co. lowered shares of Savers Value Village from an “overweight” rating to a “neutral” rating and lowered their price target for the company from $21.00 to $12.00 in a report on Monday, July 22nd. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $12.00.

Hedge Funds Weigh In On Savers Value Village

Several institutional investors have recently added to or reduced their stakes in SVV. Russell Investments Group Ltd. bought a new position in shares of Savers Value Village in the first quarter valued at approximately $1,391,000. Thrivent Financial for Lutherans increased its holdings in Savers Value Village by 329.5% during the 2nd quarter. Thrivent Financial for Lutherans now owns 2,068,621 shares of the company’s stock valued at $25,320,000 after purchasing an additional 1,586,964 shares in the last quarter. Oppenheimer Asset Management Inc. acquired a new stake in Savers Value Village during the 1st quarter valued at $267,000. Makaira Partners LLC bought a new position in Savers Value Village in the 2nd quarter valued at $27,418,000. Finally, Boston Partners acquired a new position in Savers Value Village in the first quarter worth $625,000. 98.78% of the stock is owned by institutional investors.

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.