Savers Value Village (NYSE:SVV) Trading Up 3.4% - Here's What Happened

Savers Value Village, Inc. (NYSE:SVV - Get Free Report) shares rose 3.4% during mid-day trading on Tuesday . The stock traded as high as $10.00 and last traded at $9.97. Approximately 15,687 shares changed hands during mid-day trading, a decline of 98% from the average daily volume of 728,088 shares. The stock had previously closed at $9.64.

Analyst Upgrades and Downgrades

Separately, Piper Sandler restated a "neutral" rating and issued a $10.00 target price (down previously from $11.00) on shares of Savers Value Village in a research note on Friday, November 8th. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. According to data from MarketBeat.com, Savers Value Village currently has a consensus rating of "Hold" and a consensus target price of $12.00.

Savers Value Village Stock Up 7.0 %

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 stock's fifty day simple moving average is $9.82 and its 200-day simple moving average is $10.42. The stock has a market cap of $1.65 billion, a P/E ratio of 22.41 and a beta of 1.40.

Insider Buying and Selling

In other Savers Value Village news, COO Jubran N. Tanious sold 7,889 shares of the firm'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 document filed with the SEC, which is accessible through this hyperlink. Company insiders own 2.38% of the company's stock.

Institutional Trading of Savers Value Village

Several large investors have recently added to or reduced their stakes in the business. nVerses Capital LLC acquired a new stake in Savers Value Village during the second quarter valued at approximately $62,000. Aigen Investment Management LP increased its holdings in shares of Savers Value Village by 29.0% in the third quarter. Aigen Investment Management LP now owns 15,449 shares of the company's stock valued at $163,000 after buying an additional 3,477 shares in the last quarter. GSA Capital Partners LLP acquired a new stake in shares of Savers Value Village during the 3rd quarter valued at $248,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new position in shares of Savers Value Village in the 3rd quarter worth $252,000. Finally, Victory Capital Management Inc. purchased a new stake in shares of Savers Value Village during the second quarter valued at $255,000. 98.78% of the stock is currently owned by institutional investors and hedge funds.

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.