Savers Value Village (NYSE:SVV) Given New $11.00 Price Target at Piper Sandler

Savers Value Village (NYSE:SVV) had its price target raised by equities research analysts at Piper Sandler from $10.00 to $11.00 in a research report issued to clients and investors on Friday,Benzinga reports. The firm currently has a “neutral” rating on the stock. Piper Sandler’s target price would suggest a potential downside of 1.87% from the company’s previous close.

Savers Value Village Trading Up 0.1 %

Shares of SVV stock traded up $0.01 on Friday, hitting $11.21. The stock had a trading volume of 252,500 shares, compared to its average volume of 679,504. The firm has a market capitalization of $1.79 billion, a P/E ratio of 24.37 and a beta of 1.04. Savers Value Village has a 1 year low of $7.78 and a 1 year high of $21.33. The company has a debt-to-equity ratio of 1.70, a current ratio of 1.04 and a quick ratio of 0.86. The company’s 50 day moving average price is $9.84 and its 200-day moving average price is $10.08.

Insider Buying and Selling

In other news, COO Jubran N. Tanious sold 7,889 shares of the company’s stock in a transaction dated 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 legal filing with the Securities & Exchange Commission, which can be accessed through this link. 2.38% of the stock is owned by insiders.

Hedge Funds Weigh In On Savers Value Village

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Victory Capital Management Inc. acquired a new stake in shares of Savers Value Village during the second quarter worth about $255,000. Hsbc Holdings PLC raised its stake in Savers Value Village by 6.7% during the 2nd quarter. Hsbc Holdings PLC now owns 27,879 shares of the company’s stock valued at $335,000 after acquiring an additional 1,749 shares during the last quarter. XTX Topco Ltd lifted its holdings in shares of Savers Value Village by 281.1% during the second 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 period. Sei Investments Co. boosted its holdings in shares of Savers Value Village by 8.9% in the second quarter. Sei Investments Co. now owns 58,704 shares of the company’s stock valued at $719,000 after acquiring an additional 4,808 shares in the last quarter. Finally, Thrivent Financial for Lutherans increased its stake in shares of Savers Value Village by 329.5% during the second quarter. Thrivent Financial for Lutherans now owns 2,068,621 shares of the company’s stock worth $25,320,000 after acquiring an additional 1,586,964 shares during the period. 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.