Insider Selling: Savers Value Village, Inc. (NYSE:SVV) COO Sells 7,889 Shares of Stock

Savers Value Village, Inc. (NYSE:SVV) COO Jubran N. Tanious sold 7,889 shares of the firm’s stock in a transaction that occurred 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 Securities & Exchange Commission, which can be accessed through this link.

Savers Value Village Price Performance

Shares of Savers Value Village stock opened at $9.16 on Friday. The stock has a market capitalization of $1.46 billion, a P/E ratio of 19.91 and a beta of 1.59. The company has a current ratio of 1.04, a quick ratio of 0.87 and a debt-to-equity ratio of 1.70. The business’s fifty day moving average price is $10.10 and its 200 day moving average price is $11.19. Savers Value Village, Inc. has a twelve month low of $7.78 and a twelve month high of $21.33.

Institutional Investors Weigh In On Savers Value Village

Several large investors have recently made changes to their positions in the business. nVerses Capital LLC purchased a new stake in shares of Savers Value Village during the 2nd quarter valued at about $62,000. Mount Yale Investment Advisors LLC acquired a new stake in Savers Value Village in the first quarter valued at approximately $193,000. Oppenheimer Asset Management Inc. purchased a new stake in shares of Savers Value Village during the first quarter valued at approximately $267,000. Aigen Investment Management LP lifted 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 worth $163,000 after purchasing an additional 3,477 shares in the last quarter. Finally, Victory Capital Management Inc. acquired a new stake in Savers Value Village during the 2nd quarter valued at $255,000. Institutional investors and hedge funds own 98.78% of the company’s stock.

Wall Street Analyst Weigh In

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

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.