Insider Selling: Savers Value Village, Inc. (NYSE:SVV) Insider Sells 48,000 Shares of Stock

Savers Value Village, Inc. (NYSE:SVV - Get Free Report) insider Melinda L. Geisser sold 48,000 shares of Savers Value Village stock in a transaction that occurred on Thursday, July 3rd. The stock was sold at an average price of $10.80, for a total transaction of $518,400.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Savers Value Village Price Performance

SVV stock traded up $0.06 during mid-day trading on Tuesday, reaching $10.53. 350,029 shares of the company's stock were exchanged, compared to its average volume of 761,654. The company has a market cap of $1.63 billion, a price-to-earnings ratio of 70.20 and a beta of 0.99. Savers Value Village, Inc. has a 12-month low of $6.48 and a 12-month high of $12.83. The stock's 50 day moving average is $10.36 and its 200 day moving average is $9.61. 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 Investors Weigh In On Savers Value Village

A number of institutional investors and hedge funds have recently made changes to their positions in SVV. Baillie Gifford & Co. boosted its stake in shares of Savers Value Village by 76.4% in the first quarter. Baillie Gifford & Co. now owns 6,509,978 shares of the company's stock valued at $44,919,000 after buying an additional 2,820,500 shares in the last quarter. T. Rowe Price Investment Management Inc. grew its position in Savers Value Village by 49.3% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 5,969,900 shares of the company's stock worth $61,192,000 after purchasing an additional 1,970,894 shares during the last quarter. Ameriprise Financial Inc. bought a new position in Savers Value Village during the 4th quarter valued at $11,324,000. Marshall Wace LLP boosted its position in shares of Savers Value Village by 1,328.7% in the 4th quarter. Marshall Wace LLP now owns 541,103 shares of the company's stock valued at $5,546,000 after purchasing an additional 503,230 shares during the period. Finally, Primecap Management Co. CA boosted its stake in shares of Savers Value Village by 662.1% during the 4th quarter. Primecap Management Co. CA now owns 471,750 shares of the company's stock valued at $4,835,000 after buying an additional 409,850 shares during the period. 98.78% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

SVV has been the topic of several recent research reports. Piper Sandler increased their price objective on Savers Value Village from $10.00 to $11.00 and gave the company a "neutral" rating in a research report on Friday, May 2nd. The Goldman Sachs Group upped their target price on Savers Value Village from $9.00 to $10.00 and gave the stock a "neutral" rating in a report on Friday, May 2nd. Northland Capmk upgraded Savers Value Village to a "strong-buy" rating in a research note on Tuesday, June 10th. William Blair started coverage on Savers Value Village in a research note on Friday, April 4th. They set an "outperform" rating on the stock. Finally, Northland Securities initiated coverage on shares of Savers Value Village in a report on Tuesday, June 10th. They set an "outperform" rating and a $15.00 price target on the stock. Three investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $12.29.

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.

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