Thrivent Financial for Lutherans Sells 1,938,309 Shares of Savers Value Village, Inc. (NYSE:SVV)

Thrivent Financial for Lutherans cut its stake in shares of Savers Value Village, Inc. (NYSE:SVV) by 93.7% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 130,312 shares of the company’s stock after selling 1,938,309 shares during the period. Thrivent Financial for Lutherans owned about 0.08% of Savers Value Village worth $1,371,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of SVV. nVerses Capital LLC purchased a new position in Savers Value Village during the second quarter valued at approximately $62,000. Aigen Investment Management LP lifted its stake in shares of Savers Value Village by 29.0% during the 3rd quarter. Aigen Investment Management LP now owns 15,449 shares of the company’s stock valued at $163,000 after buying an additional 3,477 shares in the last quarter. Victory Capital Management Inc. bought a new position in Savers Value Village in the 2nd quarter worth $255,000. GSA Capital Partners LLP purchased a new stake in Savers Value Village in the 3rd quarter worth $248,000. Finally, Hsbc Holdings PLC raised its holdings in Savers Value Village by 6.7% during the second quarter. Hsbc Holdings PLC now owns 27,879 shares of the company’s stock valued at $335,000 after acquiring an additional 1,749 shares during the period. 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 analyst reports. The Goldman Sachs Group lowered shares of Savers Value Village from a “buy” rating to a “neutral” rating and cut their price objective for the company from $14.00 to $10.00 in a report on Friday, August 9th. 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. Loop Capital reduced their price target on shares of Savers Value Village from $23.00 to $15.00 and set a “buy” rating on the stock in a report on Monday, August 12th. Finally, Robert W. Baird dropped their price objective on shares of Savers Value Village from $21.00 to $13.00 and set an “outperform” rating for the company in a report on Friday, August 9th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $12.00.

Insider Activity at Savers Value Village

In related news, COO Jubran N. Tanious sold 7,889 shares of Savers Value Village stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $10.31, for a total value of $81,335.59. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 2.38% of the stock is owned by insiders.

Savers Value Village Stock Up 1.1 %

NYSE SVV opened at $9.35 on Friday. The stock has a 50 day moving average price of $9.98 and a 200-day moving average price of $10.71. Savers Value Village, Inc. has a one year low of $7.78 and a one year high of $21.33. The company has a debt-to-equity ratio of 1.70, a quick ratio of 0.86 and a current ratio of 1.04. The company has a market capitalization of $1.50 billion, a P/E ratio of 20.33 and a beta of 1.59.

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.