Savers Value Village, Inc. (NYSE:SVV) General Counsel Sells $44,436.28 in Stock

Key Points

• Richard A. Medway, the General Counsel of Savers Value Village, Inc., sold 4,228 shares at an average price of $10.51, totaling approximately $44,436.
• Savers Value Village shares have experienced fluctuations, with a 1-year low of $6.48 and a 1-year high of $11.89, currently trading at around $10.09.
• Institutional investors hold a significant stake in Savers Value Village, with 98.78% of the company's stock owned by institutional investors and hedge funds.

Savers Value Village, Inc. (NYSE:SVV - Get Free Report) General Counsel Richard A. Medway sold 4,228 shares of the company's stock in a transaction on Wednesday, July 23rd. The stock was sold at an average price of $10.51, for a total transaction of $44,436.28. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.

Richard A. Medway also recently made the following trade(s):

• On Tuesday, July 22nd, Richard A. Medway sold 600 shares of Savers Value Village stock. The stock was sold at an average price of $10.51, for a total value of $6,306.00.
• On Friday, July 18th, Richard A. Medway sold 1,800 shares of Savers Value Village stock. The stock was sold at an average price of $10.53, for a total value of $18,954.00.
• On Thursday, July 3rd, Richard A. Medway sold 17,619 shares of Savers Value Village stock. The shares were sold at an average price of $10.65, for a total transaction of $187,642.35.
• On Monday, May 12th, Richard A. Medway sold 604 shares of Savers Value Village stock. The shares were sold at an average price of $11.53, for a total transaction of $6,964.12.
• On Thursday, May 8th, Richard A. Medway sold 16,490 shares of Savers Value Village stock. The stock was sold at an average price of $11.49, for a total transaction of $189,470.10.

Savers Value Village Stock Down 4.3%

SVV stock traded down $0.45 during trading on Tuesday, hitting $9.98. 591,642 shares of the stock traded hands, compared to its average volume of 545,100. Savers Value Village, Inc. has a 1 year low of $6.48 and a 1 year high of $11.89. The firm's 50 day moving average is $10.32 and its two-hundred day moving average is $9.63. The stock has a market cap of $1.55 billion, a price-to-earnings ratio of 66.53 and a beta of 0.99. The company has a debt-to-equity ratio of 1.69, a current ratio of 0.74 and a quick ratio of 0.57.

Institutional Trading of Savers Value Village

Institutional investors have recently bought and sold shares of the company. Charles Schwab Investment Management Inc. lifted its stake in shares of Savers Value Village by 8.4% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 225,267 shares of the company's stock worth $2,309,000 after purchasing an additional 17,482 shares during the period. American Century Companies Inc. raised its stake in Savers Value Village by 15.6% during the 4th quarter. American Century Companies Inc. now owns 15,410 shares of the company's stock worth $158,000 after acquiring an additional 2,085 shares during the period. KLP Kapitalforvaltning AS bought a new stake in Savers Value Village during the 4th quarter worth approximately $57,000. Vanguard Group Inc. raised its stake in Savers Value Village by 3.0% during the 4th quarter. Vanguard Group Inc. now owns 2,382,647 shares of the company's stock worth $24,422,000 after acquiring an additional 68,316 shares during the period. Finally, Norges Bank bought a new stake in Savers Value Village during the 4th quarter worth approximately $207,000. 98.78% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts have weighed in on SVV shares. Northland Securities initiated coverage on Savers Value Village in a report on Tuesday, June 10th. They set an "outperform" rating and a $15.00 price target for the company. William Blair assumed coverage on Savers Value Village in a report on Friday, April 4th. They set an "outperform" rating on the stock. JPMorgan Chase & Co. boosted their price objective on Savers Value Village from $9.00 to $11.00 and gave the company a "neutral" rating in a research note on Monday. The Goldman Sachs Group boosted their target price on Savers Value Village from $9.00 to $10.00 and gave the stock a "neutral" rating in a research report on Friday, May 2nd. Finally, Piper Sandler boosted their price target on shares of Savers Value Village from $10.00 to $11.00 and gave the stock a "neutral" rating in a research note on Friday, May 2nd. Three research analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $12.57.

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.