JPMorgan Chase & Co. Has $36.10 Million Holdings in Savers Value Village, Inc. (NYSE:SVV)

JPMorgan Chase & Co. decreased its stake in Savers Value Village, Inc. (NYSE:SVV - Free Report) by 6.9% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,431,101 shares of the company's stock after selling 254,181 shares during the period. JPMorgan Chase & Co. owned approximately 2.15% of Savers Value Village worth $36,095,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. FMR LLC grew its position in Savers Value Village by 30.8% in the 3rd quarter. FMR LLC now owns 3,437,895 shares of the company's stock worth $36,167,000 after purchasing an additional 808,867 shares during the last quarter. Makaira Partners LLC bought a new stake in shares of Savers Value Village in the second quarter valued at about $27,418,000. Thrivent Financial for Lutherans grew its position in 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 buying an additional 1,586,964 shares in the last quarter. The Manufacturers Life Insurance Company increased its stake in Savers Value Village by 34.3% during the second quarter. The Manufacturers Life Insurance Company now owns 1,883,269 shares of the company's stock valued at $23,051,000 after acquiring an additional 481,423 shares during the period. Finally, Baillie Gifford & Co. raised its holdings in Savers Value Village by 34.8% in the 3rd quarter. Baillie Gifford & Co. now owns 550,634 shares of the company's stock valued at $5,793,000 after acquiring an additional 142,101 shares in the last quarter. Institutional investors own 98.78% of the company's stock.

Savers Value Village Price Performance

NYSE:SVV traded down $0.34 during mid-day trading on Tuesday, hitting $9.30. The company's stock had a trading volume of 640,096 shares, compared to its average volume of 477,174. 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 company has a market capitalization of $1.49 billion, a price-to-earnings ratio of 20.22 and a beta of 1.04. Savers Value Village, Inc. has a fifty-two week low of $7.78 and a fifty-two week high of $21.33. The stock has a fifty day moving average of $9.86 and a 200-day moving average of $10.11.

Analysts Set New Price Targets

Separately, Piper Sandler reissued a "neutral" rating and set a $10.00 price objective (down previously from $11.00) on shares of Savers Value Village in a report on Friday, November 8th. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $12.00.

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 that occurred 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 through the SEC website. Company insiders own 2.38% of the company's stock.

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.