Savers Value Village (NYSE:SVV) Price Target Raised to $11.00

Savers Value Village (NYSE:SVV) had its target price lifted by Piper Sandler from $10.00 to $11.00 in a report released on Friday,Benzinga reports. Piper Sandler currently has a neutral rating on the stock.

Savers Value Village Price Performance

Shares of NYSE SVV opened at $11.25 on Friday. The firm’s 50-day simple moving average is $9.86 and its 200 day simple moving average is $10.04. The stock has a market cap of $1.80 billion, a P/E ratio of 24.45 and a beta of 1.04. The company has a quick ratio of 0.86, a current ratio of 1.04 and a debt-to-equity ratio of 1.70. Savers Value Village has a fifty-two week low of $7.78 and a fifty-two week high of $21.33.

Insider Buying and Selling at Savers Value Village

In related news, COO Jubran N. Tanious sold 7,889 shares of the 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 sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 2.38% of the stock is owned by corporate insiders.

Institutional Trading of Savers Value Village

Several hedge funds and other institutional investors have recently modified their holdings of SVV. Aigen Investment Management LP raised its holdings in shares of Savers Value Village by 29.0% during the 3rd quarter. Aigen Investment Management LP now owns 15,449 shares of the company’s stock valued at $163,000 after purchasing an additional 3,477 shares in the last quarter. GSA Capital Partners LLP bought a new position in Savers Value Village in the 3rd quarter worth approximately $248,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new stake in Savers Value Village in the 3rd quarter worth $252,000. Victory Capital Management Inc. bought a new position in Savers Value Village during the second quarter valued at about $255,000. Finally, Hsbc Holdings PLC raised its stake in shares of Savers Value Village by 6.7% in the second quarter. Hsbc Holdings PLC now owns 27,879 shares of the company’s stock valued at $335,000 after purchasing an additional 1,749 shares in the last quarter. 98.78% of the stock is currently owned by hedge funds and other institutional investors.

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.