Savers Value Village, Inc. (NYSE:SVV) Shares Sold by State Street Corp

State Street Corp cut its position in shares of Savers Value Village, Inc. (NYSE:SVV - Free Report) by 24.1% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 527,839 shares of the company's stock after selling 167,773 shares during the quarter. State Street Corp owned 0.33% of Savers Value Village worth $5,553,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of SVV. nVerses Capital LLC acquired a new stake in shares of Savers Value Village in the second quarter valued at approximately $62,000. Aigen Investment Management LP grew its holdings in Savers Value Village by 29.0% during the 3rd 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 during the last quarter. GSA Capital Partners LLP purchased a new position in Savers Value Village during the third quarter worth $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 third quarter worth $252,000. Finally, Victory Capital Management Inc. purchased a new stake in shares of Savers Value Village in the second quarter valued at $255,000. 98.78% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

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

Savers Value Village Trading Down 2.6 %

SVV traded down $0.28 during midday trading on Friday, hitting $10.31. The company's stock had a trading volume of 283,508 shares, compared to its average volume of 722,871. Savers Value Village, Inc. has a 52-week low of $7.78 and a 52-week high of $21.33. The firm has a 50-day moving average price of $9.83 and a two-hundred day moving average price of $10.24. 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 has a market cap of $1.65 billion, a P/E ratio of 22.41 and a beta of 1.40.

Wall Street Analysts Forecast Growth

Separately, Piper Sandler reissued 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 analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Hold" and an average target price of $12.00.

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.