Savers Value Village (NYSE:SVV) Stock Price Down 4.6% – Should You Sell?

Shares of Savers Value Village, Inc. (NYSE:SVV) fell 4.6% during trading on Tuesday . The stock traded as low as $9.14 and last traded at $9.23. 38,625 shares changed hands during trading, a decline of 95% from the average session volume of 736,477 shares. The stock had previously closed at $9.68.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on SVV. Piper Sandler reaffirmed a “neutral” rating and set a $10.00 target price (down previously from $11.00) on shares of Savers Value Village in a report on Friday, November 8th. Robert W. Baird reduced their target price on shares of Savers Value Village from $21.00 to $13.00 and set an “outperform” rating for the company in a report on Friday, August 9th. Loop Capital reduced their target price on shares of Savers Value Village from $23.00 to $15.00 and set a “buy” rating for the company in a report on Monday, August 12th. Finally, The Goldman Sachs Group cut shares of Savers Value Village from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $14.00 to $10.00 in a research note on Friday, August 9th. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $12.00.

Savers Value Village Stock Down 2.1 %

The company has a current ratio of 1.04, a quick ratio of 0.86 and a debt-to-equity ratio of 1.70. The firm’s 50 day simple moving average is $10.04 and its two-hundred day simple moving average is $10.75. The firm has a market cap of $1.48 billion, a price-to-earnings ratio of 20.11 and a beta of 1.59.

Insiders Place Their Bets

In other news, COO Jubran N. Tanious sold 7,889 shares of the business’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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 2.38% of the company’s stock.

Hedge Funds Weigh In On Savers Value Village

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Geode Capital Management LLC raised its position in shares of Savers Value Village by 10.2% in the 3rd quarter. Geode Capital Management LLC now owns 542,999 shares of the company’s stock valued at $5,714,000 after buying an additional 50,051 shares in the last quarter. Maverick Capital Ltd. bought a new stake in shares of Savers Value Village during the 3rd quarter valued at approximately $2,163,000. PDT Partners LLC bought a new stake in shares of Savers Value Village during the 3rd quarter valued at approximately $1,698,000. Verition Fund Management LLC grew its holdings in shares of Savers Value Village by 31.5% during the 3rd quarter. Verition Fund Management LLC now owns 250,594 shares of the company’s stock valued at $2,636,000 after purchasing an additional 60,007 shares during the last quarter. Finally, Northwest & Ethical Investments L.P. grew its holdings in shares of Savers Value Village by 89.9% during the 3rd quarter. Northwest & Ethical Investments L.P. now owns 99,500 shares of the company’s stock valued at $1,047,000 after purchasing an additional 47,100 shares during the last quarter. 98.78% of the stock is currently 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.