State Street Corp Lowers Stock Position in Savers Value Village, Inc. (NYSE:SVV)

State Street Corp reduced its stake in shares of Savers Value Village, Inc. (NYSE:SVV) by 24.1% in the third quarter, according to its most recent filing with the SEC. The fund owned 527,839 shares of the company’s stock after selling 167,773 shares during the period. State Street Corp owned approximately 0.33% of Savers Value Village worth $5,553,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in SVV. FMR LLC grew its holdings in shares of Savers Value Village by 30.8% in the third quarter. FMR LLC now owns 3,437,895 shares of the company’s stock worth $36,167,000 after purchasing an additional 808,867 shares during the last quarter. Makaira Partners LLC purchased a new stake in Savers Value Village during the 2nd quarter valued at $27,418,000. Thrivent Financial for Lutherans boosted its holdings in Savers Value Village by 329.5% in the second quarter. Thrivent Financial for Lutherans now owns 2,068,621 shares of the company’s stock worth $25,320,000 after purchasing an additional 1,586,964 shares during the last quarter. The Manufacturers Life Insurance Company boosted its stake in shares of 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. Finally, Baillie Gifford & Co. grew its stake in shares of Savers Value Village by 34.8% during the 3rd quarter. Baillie Gifford & Co. now owns 550,634 shares of the company’s stock valued at $5,793,000 after purchasing an additional 142,101 shares during the period. 98.78% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Savers Value Village

In other Savers Value Village news, COO Jubran N. Tanious sold 7,889 shares of the stock in a transaction that occurred 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 filing with the SEC, which is accessible through this link. 2.38% of the stock is currently owned by corporate insiders.

Savers Value Village Stock Performance

SVV stock opened at $10.31 on Friday. The company has a market capitalization of $1.65 billion, a P/E ratio of 22.41 and a beta of 1.40. Savers Value Village, Inc. has a 1-year low of $7.78 and a 1-year high of $21.33. The company has a debt-to-equity ratio of 1.70, a current ratio of 1.04 and a quick ratio of 0.86. The business has a 50-day moving average price of $9.83 and a 200 day moving average price of $10.26.

Analyst Upgrades and Downgrades

Separately, Piper Sandler reaffirmed a “neutral” rating and set a $10.00 target price (down from $11.00) on shares of Savers Value Village in a research note on Friday, November 8th. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, Savers Value Village currently has an average rating of “Hold” and an average price target 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.