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

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

Analysts Set New Price Targets

Separately, Piper Sandler reissued a “neutral” rating and issued a $10.00 price objective (down previously from $11.00) on shares of Savers Value Village in a research note on Friday, November 8th. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $12.00.

Savers Value Village Stock Up 11.5 %

The company’s 50 day moving average is $9.83 and its 200 day moving average is $10.09. The company has a market cap of $1.67 billion, a PE ratio of 22.72 and a beta of 1.04. The company has a current ratio of 1.04, a quick ratio of 0.86 and a debt-to-equity ratio of 1.70.

Insider Transactions at Savers Value Village

In related news, COO Jubran N. Tanious sold 7,889 shares of Savers Value Village stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $10.31, for a total value of $81,335.59. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 2.38% of the company’s stock.

Institutional Investors Weigh In On Savers Value Village

Large investors have recently modified their holdings of the business. TD Asset Management Inc increased its holdings in Savers Value Village by 26.8% during the second quarter. TD Asset Management Inc now owns 52,056 shares of the company’s stock valued at $637,000 after buying an additional 11,000 shares during the period. Victory Capital Management Inc. purchased a new position in shares of Savers Value Village in the 2nd quarter valued at $255,000. Hsbc Holdings PLC raised its position in shares of 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 acquiring an additional 1,749 shares in the last quarter. XTX Topco Ltd lifted its stake in shares of Savers Value Village by 281.1% during the 2nd quarter. XTX Topco Ltd now owns 39,080 shares of the company’s stock worth $478,000 after purchasing an additional 28,826 shares during the last quarter. Finally, Sei Investments Co. boosted its position in 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 purchasing an additional 4,808 shares in the last quarter. Institutional investors own 98.78% of the company’s stock.

Savers Value Village Company Profile

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.