Savers Value Village (NYSE:SVV) Stock Price Down 4.6% – Should You Sell?

Savers Value Village, Inc. (NYSE:SVV)’s share price fell 4.6% during mid-day trading on Tuesday . The stock traded as low as $9.14 and last traded at $9.23. 38,625 shares traded hands during trading, a decline of 95% from the average session volume of 736,477 shares. The stock had previously closed at $9.68.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on SVV. Robert W. Baird decreased their price target on shares of Savers Value Village from $21.00 to $13.00 and set an “outperform” rating on the stock in a report on Friday, August 9th. The Goldman Sachs Group lowered shares of Savers Value Village from a “buy” rating to a “neutral” rating and decreased their price target for the company from $14.00 to $10.00 in a report on Friday, August 9th. Loop Capital reduced their target price on shares of Savers Value Village from $23.00 to $15.00 and set a “buy” rating on the stock in a report on Monday, August 12th. Finally, Piper Sandler reissued a “neutral” rating and set a $10.00 target price (down from $11.00) on shares of Savers Value Village in a report on Friday, November 8th. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $12.00.

Savers Value Village Stock Performance

The stock’s 50 day moving average price is $10.04 and its 200 day moving average price is $10.75. 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 company has a market capitalization of $1.48 billion, a P/E ratio of 20.11 and a beta of 1.59.

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 value of $81,335.59. The transaction was disclosed in a document filed with the SEC, which is available through this link. Insiders own 2.38% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the stock. Hsbc Holdings PLC lifted its position in shares of Savers Value Village by 6.7% during the 2nd quarter. Hsbc Holdings PLC now owns 27,879 shares of the company’s stock valued at $335,000 after acquiring an additional 1,749 shares during the period. Aigen Investment Management LP lifted its position in shares of 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 acquiring an additional 3,477 shares during the period. Sei Investments Co. lifted its position in shares of Savers Value Village by 8.9% during the 2nd quarter. Sei Investments Co. now owns 58,704 shares of the company’s stock valued at $719,000 after acquiring an additional 4,808 shares during the period. nVerses Capital LLC acquired a new position in shares of Savers Value Village during the 2nd quarter valued at $62,000. Finally, TD Asset Management Inc lifted its position in shares of Savers Value Village by 26.8% during the 2nd quarter. TD Asset Management Inc now owns 52,056 shares of the company’s stock valued at $637,000 after acquiring an additional 11,000 shares during the period. Institutional investors and hedge funds own 98.78% of the company’s stock.

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.