Savers Value Village (NYSE:SVV - Free Report) had its price objective upped by Piper Sandler from $10.00 to $11.00 in a report issued on Friday morning,Benzinga reports. Piper Sandler currently has a neutral rating on the stock.
Savers Value Village Stock Performance
NYSE:SVV traded up $0.05 during trading hours on Friday, reaching $11.25. 837,241 shares of the stock were exchanged, compared to its average volume of 415,811. Savers Value Village has a 52 week low of $7.78 and a 52 week high of $21.33. The company has a quick ratio of 0.86, a current ratio of 1.04 and a debt-to-equity ratio of 1.70. The stock has a market capitalization of $1.80 billion, a P/E ratio of 24.45 and a beta of 1.04. The firm has a 50 day simple moving average of $9.86 and a 200-day simple moving average of $10.05.
Insiders Place Their Bets
In other Savers Value Village news, COO Jubran N. Tanious sold 7,889 shares of Savers Value Village stock in a transaction that occurred on 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 hyperlink. 2.38% of the stock is currently owned by corporate insiders.
Institutional Trading of Savers Value Village
Hedge funds have recently made changes to their positions in the stock. Geode Capital Management LLC increased its position in Savers Value Village by 10.2% in the third quarter. Geode Capital Management LLC now owns 542,999 shares of the company's stock worth $5,714,000 after buying an additional 50,051 shares during the period. Maverick Capital Ltd. acquired a new stake in shares of Savers Value Village in the 3rd quarter worth about $2,163,000. PDT Partners LLC bought a new stake in Savers Value Village in the 3rd quarter valued at about $1,698,000. Verition Fund Management LLC boosted its stake in 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 period. Finally, Northwest & Ethical Investments L.P. boosted its stake in 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 period. Institutional investors own 98.78% of the company's stock.
About Savers Value Village
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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.
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