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

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 stock was sold at an average price of $10.31, for a total value of $81,335.59. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Savers Value Village Price Performance

NYSE SVV opened at $9.16 on Friday. The firm’s fifty day simple moving average is $10.10 and its two-hundred day simple moving average is $11.19. The firm 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. Savers Value Village, Inc. has a 12-month low of $7.78 and a 12-month high of $21.33.

Analyst Ratings Changes

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. nVerses Capital LLC purchased a new stake in Savers Value Village during the 2nd quarter worth approximately $62,000. Aigen Investment Management LP grew its holdings 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. Mount Yale Investment Advisors LLC acquired a new position in shares of Savers Value Village in the 1st quarter valued at $193,000. GSA Capital Partners LLP purchased a new position in Savers Value Village in the 3rd quarter worth $248,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new stake in Savers Value Village during the 3rd quarter worth about $252,000. 98.78% of the stock is currently owned by hedge funds and other institutional investors.

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.