Savers Value Village (NYSE:SVV) Price Target Raised to $11.00

Savers Value Village (NYSE:SVV) had its price objective upped by Piper Sandler from $10.00 to $11.00 in a research note released on Friday morning,Benzinga reports. The firm currently has a neutral rating on the stock.

Savers Value Village Stock Performance

Shares of SVV opened at $11.25 on Friday. The stock has a market capitalization of $1.80 billion, a P/E ratio of 24.45 and a beta of 1.04. The company has a debt-to-equity ratio of 1.70, a quick ratio of 0.86 and a current ratio of 1.04. Savers Value Village has a 1 year low of $7.78 and a 1 year high of $21.33. The company’s fifty day moving average is $9.86 and its two-hundred day moving average is $10.04.

Insider Buying and Selling

In related news, COO Jubran N. Tanious sold 7,889 shares of the company’s stock in a transaction that occurred on 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 legal filing with the SEC, which is available at this link. 2.38% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Savers Value Village

A number of institutional investors have recently made changes to their positions in SVV. Hsbc Holdings PLC grew its position in shares of Savers Value Village by 6.7% in the second quarter. Hsbc Holdings PLC now owns 27,879 shares of the company’s stock valued at $335,000 after purchasing an additional 1,749 shares during the period. Aigen Investment Management LP increased its position in Savers Value Village by 29.0% during the 3rd quarter. Aigen Investment Management LP now owns 15,449 shares of the company’s stock worth $163,000 after purchasing an additional 3,477 shares in the last quarter. Sei Investments Co. raised its stake in shares of Savers Value Village by 8.9% in the 2nd quarter. Sei Investments Co. now owns 58,704 shares of the company’s stock valued at $719,000 after acquiring an additional 4,808 shares during the period. Dark Forest Capital Management LP raised its position in Savers Value Village by 71.4% in the second quarter. Dark Forest Capital Management LP now owns 48,090 shares of the company’s stock valued at $589,000 after purchasing an additional 20,027 shares during the period. Finally, Victory Capital Management Inc. purchased a new position in Savers Value Village in the 2nd quarter worth approximately $255,000. 98.78% of the stock is owned by institutional investors and hedge funds.

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.