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

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

Analysts Set New Price Targets

SVV has been the topic of several recent analyst reports. Robert W. Baird reduced 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 research note on Friday, August 9th. Piper Sandler reissued a “neutral” rating and set a $10.00 target price (down previously from $11.00) on shares of Savers Value Village in a research report on Friday, November 8th. The Goldman Sachs Group downgraded shares of 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 report on Friday, August 9th. Finally, Loop Capital cut 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 research report on Monday, August 12th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, Savers Value Village has a consensus rating of “Hold” and a consensus price target of $12.00.

Savers Value Village Stock Performance

The company has a current ratio of 1.04, a quick ratio of 0.86 and a debt-to-equity ratio of 1.70. The stock has a market capitalization of $1.50 billion, a PE ratio of 20.30 and a beta of 1.59. The firm’s fifty day moving average price is $10.06 and its two-hundred day moving average price is $10.78.

Insider Activity

In related news, COO Jubran N. Tanious sold 7,889 shares of the business’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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 2.38% of the company’s stock.

Institutional Investors Weigh In On Savers Value Village

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. FMR LLC increased its holdings in Savers Value Village by 30.8% in the 3rd quarter. FMR LLC now owns 3,437,895 shares of the company’s stock worth $36,167,000 after acquiring an additional 808,867 shares in the last quarter. Makaira Partners LLC purchased a new stake in Savers Value Village in the 2nd quarter worth $27,418,000. Thrivent Financial for Lutherans increased its holdings in Savers Value Village by 329.5% in the 2nd quarter. Thrivent Financial for Lutherans now owns 2,068,621 shares of the company’s stock worth $25,320,000 after acquiring an additional 1,586,964 shares in the last quarter. The Manufacturers Life Insurance Company increased its holdings in Savers Value Village by 34.3% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 1,883,269 shares of the company’s stock worth $23,051,000 after acquiring an additional 481,423 shares in the last quarter. Finally, Baillie Gifford & Co. increased its holdings in Savers Value Village by 34.8% in the 3rd quarter. Baillie Gifford & Co. now owns 550,634 shares of the company’s stock worth $5,793,000 after acquiring an additional 142,101 shares in the last quarter. 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.