JPMorgan Chase & Co. Sells 254,181 Shares of Savers Value Village, Inc. (NYSE:SVV)

JPMorgan Chase & Co. lowered its stake in shares of Savers Value Village, Inc. (NYSE:SVV) by 6.9% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,431,101 shares of the company’s stock after selling 254,181 shares during the quarter. JPMorgan Chase & Co.’s holdings in Savers Value Village were worth $36,095,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Makaira Partners LLC acquired a new stake in shares of Savers Value Village in the second quarter worth $27,418,000. Thrivent Financial for Lutherans grew its position 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 purchasing an additional 1,586,964 shares during the last quarter. FMR LLC increased its holdings in shares of Savers Value Village by 30.8% during the 3rd 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 period. The Manufacturers Life Insurance Company raised its position in shares of Savers Value Village by 34.3% during the second quarter. The Manufacturers Life Insurance Company now owns 1,883,269 shares of the company’s stock valued at $23,051,000 after buying an additional 481,423 shares during the last quarter. Finally, Maverick Capital Ltd. bought a new stake in shares of Savers Value Village in the third quarter valued at about $2,163,000. Institutional investors and hedge funds own 98.78% of the company’s stock.

Insider Buying and Selling

In other Savers Value Village news, COO Jubran N. Tanious sold 7,889 shares of the company’s stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $10.31, for a total value of $81,335.59. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Company insiders own 2.38% of the company’s stock.

Savers Value Village Price Performance

NYSE:SVV opened at $9.65 on Tuesday. 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 50-day moving average of $9.87 and a 200-day moving average of $10.13. Savers Value Village, Inc. has a 52 week low of $7.78 and a 52 week high of $21.33. The company has a market capitalization of $1.54 billion, a price-to-earnings ratio of 20.98 and a beta of 1.04.

Wall Street Analysts Forecast Growth

Separately, Piper Sandler reaffirmed a “neutral” rating and issued a $10.00 price target (down previously from $11.00) on shares of Savers Value Village in a report on Friday, November 8th. 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 presently has a consensus rating of “Hold” and a consensus target price 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.