Savers Value Village (NYSE:SVV) Stock Price Expected to Rise, Piper Sandler Analyst Says

Savers Value Village (NYSE:SVV) had its target price increased by investment analysts at Piper Sandler from $10.00 to $11.00 in a research report issued on Friday,Benzinga reports. The brokerage presently has a “neutral” rating on the stock. Piper Sandler’s price target indicates a potential downside of 1.87% from the company’s previous close.

Savers Value Village Price Performance

SVV stock traded up $0.01 during midday trading on Friday, hitting $11.21. 252,500 shares of the stock were exchanged, compared to its average volume of 679,504. The stock’s 50-day moving average price is $9.84 and its 200-day moving average price is $10.08. The company has a debt-to-equity ratio of 1.70, a quick ratio of 0.86 and a current ratio of 1.04. The stock has a market cap of $1.79 billion, a price-to-earnings ratio of 24.37 and a beta of 1.04. Savers Value Village has a fifty-two week low of $7.78 and a fifty-two week high of $21.33.

Insider Activity at Savers Value Village

In related news, COO Jubran N. Tanious sold 7,889 shares of the stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $10.31, for a total transaction of $81,335.59. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 2.38% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Savers Value Village

Several hedge funds have recently modified their holdings of the company. Hsbc Holdings PLC lifted its stake in shares of Savers Value Village by 6.7% during the second quarter. Hsbc Holdings PLC now owns 27,879 shares of the company’s stock valued at $335,000 after buying an additional 1,749 shares during the period. Aigen Investment Management LP raised its holdings in Savers Value Village by 29.0% in the 3rd quarter. Aigen Investment Management LP now owns 15,449 shares of the company’s stock valued at $163,000 after acquiring an additional 3,477 shares during the last quarter. Sei Investments Co. lifted its stake in shares of Savers Value Village by 8.9% during the 2nd quarter. Sei Investments Co. now owns 58,704 shares of the company’s stock worth $719,000 after purchasing an additional 4,808 shares during the period. Dark Forest Capital Management LP boosted its holdings in shares of Savers Value Village by 71.4% during the second quarter. Dark Forest Capital Management LP now owns 48,090 shares of the company’s stock worth $589,000 after purchasing an additional 20,027 shares during the last quarter. Finally, Victory Capital Management Inc. purchased a new stake in shares of Savers Value Village in the second quarter valued at $255,000. 98.78% of the stock is owned by institutional investors and hedge funds.

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.