Savers Value Village, Inc. (NYSE:SVV) Insider Sells $518,400.00 in Stock

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

Savers Value Village Stock Down 1.8%

NYSE SVV traded down $0.19 during mid-day trading on Friday, reaching $10.28. The stock had a trading volume of 214,805 shares, compared to its average volume of 754,728. Savers Value Village, Inc. has a 1 year low of $6.48 and a 1 year high of $12.57. The stock has a market cap of $1.60 billion, a PE ratio of 68.54 and a beta of 0.99. The company has a fifty day moving average price of $10.40 and a 200 day moving average price of $9.62. 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 large investors have recently added to or reduced their stakes in SVV. AQR Capital Management LLC bought a new stake in shares of Savers Value Village during the 1st quarter valued at $120,000. Maverick Capital Ltd. lifted its stake in Savers Value Village by 79.5% in the 1st quarter. Maverick Capital Ltd. now owns 49,092 shares of the company's stock worth $339,000 after purchasing an additional 21,743 shares in the last quarter. Landscape Capital Management L.L.C. purchased a new stake in shares of Savers Value Village during the 1st quarter valued at about $1,495,000. Walleye Capital LLC purchased a new stake in shares of Savers Value Village during the 1st quarter valued at about $74,000. Finally, AlphaQuest LLC raised its position in shares of Savers Value Village by 237.2% during the 1st quarter. AlphaQuest LLC now owns 37,206 shares of the company's stock valued at $257,000 after buying an additional 26,172 shares in the last quarter. Institutional investors own 98.78% of the company's stock.

Wall Street Analyst Weigh In

SVV has been the subject of a number of research reports. Northland Securities initiated coverage on shares of Savers Value Village in a research note on Tuesday, June 10th. They issued an "outperform" rating and a $15.00 price objective for the company. The Goldman Sachs Group lifted their price target on Savers Value Village from $9.00 to $10.00 and gave the stock a "neutral" rating in a research note on Friday, May 2nd. Northland Capmk raised 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 issued an "outperform" rating on the stock. Finally, Piper Sandler lifted their price target on 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 issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target 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.