Savers Value Village, Inc. (NYSE:SVV) Shares Sold by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company trimmed its stake in shares of Savers Value Village, Inc. (NYSE:SVV) by 0.3% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,876,963 shares of the company’s stock after selling 6,306 shares during the quarter. The Manufacturers Life Insurance Company owned about 1.17% of Savers Value Village worth $19,746,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Charles Schwab Investment Management Inc. lifted 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 period. Primecap Management Co. CA acquired a new stake in shares of Savers Value Village in the 3rd quarter worth $651,000. Aigen Investment Management LP boosted its holdings in shares of Savers Value Village by 29.0% in the third quarter. Aigen Investment Management LP now owns 15,449 shares of the company’s stock valued at $163,000 after acquiring an additional 3,477 shares in the last quarter. Baillie Gifford & Co. boosted its holdings in shares of Savers Value Village by 34.8% in the third 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 in the last quarter. Finally, GSA Capital Partners LLP purchased a new position in Savers Value Village during the third quarter worth about $248,000. 98.78% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, COO Jubran N. Tanious sold 7,889 shares of the stock in a transaction that occurred 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 SEC, which can be accessed through this link. Company insiders own 2.38% of the company’s stock.

Savers Value Village Stock Performance

NYSE SVV opened at $9.35 on Friday. The business has a 50 day moving average price of $9.98 and a 200 day moving average price of $10.71. The company has a market capitalization of $1.50 billion, a P/E ratio of 20.33 and a beta of 1.59. 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.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the company. The Goldman Sachs Group lowered Savers Value Village from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $14.00 to $10.00 in a report on Friday, August 9th. Robert W. Baird decreased their price target on Savers Value Village from $21.00 to $13.00 and set an “outperform” rating on the stock in a research note on Friday, August 9th. Piper Sandler reiterated a “neutral” rating and issued a $10.00 price objective (down previously from $11.00) on shares of Savers Value Village in a research report on Friday, November 8th. Finally, Loop Capital decreased their target price on shares of Savers Value Village from $23.00 to $15.00 and set a “buy” rating on the stock in a research report on Monday, August 12th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average 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.