The Manufacturers Life Insurance Company Reduces Stock Position in Savers Value Village, Inc. (NYSE:SVV)

The Manufacturers Life Insurance Company decreased its position in Savers Value Village, Inc. (NYSE:SVV) by 0.3% in the 3rd quarter, HoldingsChannel reports. The firm owned 1,876,963 shares of the company’s stock after selling 6,306 shares during the period. The Manufacturers Life Insurance Company’s holdings in Savers Value Village were worth $19,746,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Makaira Partners LLC purchased a new stake in shares of Savers Value Village during the second quarter worth about $27,418,000. Thrivent Financial for Lutherans grew its stake in Savers Value Village by 329.5% in the 2nd quarter. Thrivent Financial for Lutherans now owns 2,068,621 shares of the company’s stock worth $25,320,000 after acquiring an additional 1,586,964 shares during the period. Baillie Gifford & Co. raised its holdings in Savers Value Village by 34.8% in the 3rd quarter. Baillie Gifford & Co. now owns 550,634 shares of the company’s stock valued at $5,793,000 after acquiring an additional 142,101 shares during the last quarter. Millennium Management LLC lifted its stake in shares of Savers Value Village by 79.3% during the 2nd quarter. Millennium Management LLC now owns 316,097 shares of the company’s stock worth $3,869,000 after purchasing an additional 139,811 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its holdings in shares of Savers Value Village by 13.5% during the third quarter. Charles Schwab Investment Management Inc. now owns 207,785 shares of the company’s stock worth $2,186,000 after purchasing an additional 24,746 shares during the last quarter. 98.78% of the stock is currently owned by hedge funds and other institutional investors.

Savers Value Village Stock Performance

NYSE SVV opened at $9.35 on Friday. The company has a debt-to-equity ratio of 1.70, a current ratio of 1.04 and a quick ratio of 0.86. Savers Value Village, Inc. has a 1-year low of $7.78 and a 1-year high of $21.33. The firm has a market capitalization of $1.50 billion, a P/E ratio of 20.33 and a beta of 1.59. The business’s 50-day simple moving average is $9.98 and its 200-day simple moving average is $10.71.

Insider Activity at Savers Value Village

In other news, COO Jubran N. Tanious sold 7,889 shares of the stock in a transaction on Tuesday, November 12th. The shares were 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 accessible through this hyperlink. 2.38% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

SVV has been the subject of several analyst reports. The Goldman Sachs Group lowered Savers Value Village from a “buy” rating to a “neutral” rating and dropped their target price for the company from $14.00 to $10.00 in a research note on Friday, August 9th. Robert W. Baird cut their price objective on shares of Savers Value Village from $21.00 to $13.00 and set an “outperform” rating on the stock in a report on Friday, August 9th. Piper Sandler reissued a “neutral” rating and issued a $10.00 target price (down from $11.00) on shares of Savers Value Village in a research report on Friday, November 8th. Finally, Loop Capital dropped their price target on shares of Savers Value Village from $23.00 to $15.00 and set a “buy” rating for the company in a research report on Monday, August 12th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $12.00.

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.