Savers Value Village, Inc. (NYSE:SVV) COO Jubran N. Tanious Sells 7,889 Shares

Savers Value Village, Inc. (NYSE:SVV) 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 legal filing with the SEC, which is available at this hyperlink.

Savers Value Village Trading Down 3.4 %

Shares of SVV stock opened at $9.16 on Friday. The company has a debt-to-equity ratio of 1.70, a quick ratio of 0.87 and a current ratio of 1.04. The stock has a fifty day simple moving average of $10.10 and a two-hundred day simple moving average of $11.15. The firm has a market capitalization of $1.46 billion, a PE ratio of 19.91 and a beta of 1.59. Savers Value Village, Inc. has a 52-week low of $7.78 and a 52-week high of $21.33.

Wall Street Analysts Forecast Growth

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

Institutional Trading of Savers Value Village

Several institutional investors have recently made changes to their positions in SVV. Hsbc Holdings PLC lifted its holdings in Savers Value Village by 6.7% in the 2nd quarter. Hsbc Holdings PLC now owns 27,879 shares of the company’s stock worth $335,000 after purchasing an additional 1,749 shares in the last quarter. Aigen Investment Management LP raised its position in shares of Savers Value Village by 29.0% during the third 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. raised its position in shares of Savers Value Village by 8.9% during the second quarter. Sei Investments Co. now owns 58,704 shares of the company’s stock valued at $719,000 after buying an additional 4,808 shares during the last quarter. nVerses Capital LLC purchased a new position in shares of Savers Value Village in the second quarter worth $62,000. Finally, Mount Yale Investment Advisors LLC bought a new position in shares of Savers Value Village during the first quarter worth $193,000. Hedge funds and other institutional investors 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.