Thrivent Financial for Lutherans Cuts Holdings in Savers Value Village, Inc. (NYSE:SVV)

Thrivent Financial for Lutherans decreased its holdings in shares of Savers Value Village, Inc. (NYSE:SVV - Free Report) by 93.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 130,312 shares of the company's stock after selling 1,938,309 shares during the quarter. Thrivent Financial for Lutherans owned 0.08% of Savers Value Village worth $1,371,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of SVV. Makaira Partners LLC bought a new stake in Savers Value Village during the second quarter worth about $27,418,000. The Manufacturers Life Insurance Company lifted its position in Savers Value Village by 34.3% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 1,883,269 shares of the company's stock worth $23,051,000 after buying an additional 481,423 shares during the last quarter. Baillie Gifford & Co. purchased a new stake in Savers Value Village in the second quarter worth approximately $5,000,000. Millennium Management LLC grew its position in Savers Value Village by 79.3% during the second quarter. Millennium Management LLC now owns 316,097 shares of the company's stock valued at $3,869,000 after acquiring an additional 139,811 shares during the last quarter. Finally, AIA Group Ltd grew its position in Savers Value Village by 120.6% during the third quarter. AIA Group Ltd now owns 106,641 shares of the company's stock valued at $1,122,000 after acquiring an additional 58,297 shares during the last quarter. 98.78% of the stock is currently owned by institutional investors.

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 on Tuesday, November 12th. The stock was sold at an average price of $10.31, for a total transaction of $81,335.59. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 2.38% of the stock is currently owned by company insiders.

Savers Value Village Trading Up 1.1 %

Shares of SVV stock traded up $0.10 during mid-day trading on Friday, reaching $9.35. The stock had a trading volume of 253,312 shares, compared to its average volume of 942,844. 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 stock's 50-day moving average price is $9.98 and its two-hundred day moving average price is $10.68. The firm has a market capitalization of $1.50 billion, a PE ratio of 20.33 and a beta of 1.59. Savers Value Village, Inc. has a 52-week low of $7.78 and a 52-week high of $21.33.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. Loop Capital cut their price objective on shares of Savers Value Village from $23.00 to $15.00 and set a "buy" rating for the company in a research note on Monday, August 12th. Robert W. Baird cut their price target on shares of Savers Value Village from $21.00 to $13.00 and set an "outperform" rating for the company in a research report on Friday, August 9th. The Goldman Sachs Group downgraded Savers Value Village from a "buy" rating to a "neutral" rating and decreased their price objective for the stock from $14.00 to $10.00 in a report on Friday, August 9th. Finally, 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 investment analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $12.00.

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.