Savers Value Village (NYSE:SVV) Stock Price Up 6.4% – What’s Next?

Savers Value Village, Inc. (NYSE:SVV)’s stock price rose 6.4% during mid-day trading on Friday . The company traded as high as $10.09 and last traded at $9.97. Approximately 112,541 shares changed hands during mid-day trading, a decline of 76% from the average daily volume of 468,426 shares. The stock had previously closed at $9.37.

Wall Street Analysts Forecast Growth

Separately, Piper Sandler reaffirmed a “neutral” rating and issued a $10.00 target price (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 issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $12.00.

Savers Value Village Price Performance

The company has a market cap of $1.70 billion, a P/E ratio of 23.04 and a beta of 1.04. 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 company’s 50-day moving average price is $9.83 and its 200-day moving average price is $10.10.

Insiders Place Their Bets

In related news, COO Jubran N. Tanious sold 7,889 shares of the company’s stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $10.31, for a total value of $81,335.59. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 2.38% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the stock. FMR LLC boosted its stake in shares of Savers Value Village by 30.8% in the 3rd quarter. FMR LLC now owns 3,437,895 shares of the company’s stock valued at $36,167,000 after purchasing an additional 808,867 shares in the last quarter. Makaira Partners LLC acquired a new stake in shares of Savers Value Village in the second quarter valued at about $27,418,000. Thrivent Financial for Lutherans boosted its holdings in Savers Value Village by 329.5% in the second quarter. Thrivent Financial for Lutherans now owns 2,068,621 shares of the company’s stock valued at $25,320,000 after acquiring an additional 1,586,964 shares during the last quarter. The Manufacturers Life Insurance Company increased its position in Savers Value Village by 34.3% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 1,883,269 shares of the company’s stock valued at $23,051,000 after purchasing an additional 481,423 shares during the period. Finally, Baillie Gifford & Co. raised its holdings in Savers Value Village by 34.8% during the 3rd quarter. Baillie Gifford & Co. now owns 550,634 shares of the company’s stock worth $5,793,000 after purchasing an additional 142,101 shares during the last quarter. 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.