Savers Value Village Inc (NYSE: SVV) stock jumped 2.72% on Friday to $12.47 against a previous-day closing price of $12.14. With 0.67 million shares changed hands, the volume of the stock remained lighter than its average volume of 0.72 million shares. During the session, the Specialty Retail company that operates in wider Consumer Cyclical sector, reached to the highest price of $12.77 whereas the lowest price it dropped to was $12.05. The 52-week range on SVV shows that it touched its highest point at $26.88 and its lowest point at $10.16 during that stretch. It currently has a 1-year price target of $23.89.
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Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of SVV was up-trending over the past week, with a rise of 2.63%, but this was down by -16.36% over a month.
Float and Shares Shorts:
At present, 160.45 million SVV shares are outstanding with a float of 160.45 million shares on hand for trading. On Oct 30, 2023, short shares totaled 4.38 million, which was 2.73% higher than short shares on Sep 28, 2023. In addition to Mr. Mark T. Walsh as the firm’s CEO, President & Director, Mr. Jay Stasz serves as its CFO & Treasurer.
Institutional Ownership:
Through their ownership of 87.06% of SVV’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 93.82% of SVV, in contrast to 8.18% held by mutual funds. As the largest shareholder in SVV with 83.93% of the stake, Ares Management LLC holds 134,659,188 shares worth 134,659,188. A second-largest stockholder of SVV, Healthcare of Ontario Pension Pla, holds 5,000,000 shares, controlling over 3.12% of the firm’s shares. AllianceBernstein LP is the third largest shareholder in SVV, holding 2,301,659 shares or 1.43% stake. With a 0.86% stake in SVV, the JPMorgan Small Cap Equity Fund is the largest stakeholder. A total of 1,375,216 shares are owned by the mutual fund manager. The AB Small Cap Growth Portfolio, which owns about 0.84% of SVV stock, is the second-largest Mutual Fund holder. It holds 1,339,712 shares valued at 20.06 million. American Century Small Cap Growth holds 0.51% of the stake in SVV, owning 820,074 shares worth 12.28 million.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for SVV since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With SVV analysts setting a high price target of $30.00 and a low target of $20.00, the average target price over the next 12 months is $23.89. Based on these targets, SVV could surge 140.58% to reach the target high and rise by 60.38% to reach the target low. Reaching the average price target will result in a growth of 91.58% from current levels.
Summary of Insider Activity:
Insiders traded SVV stock several times over the past three months with 0 Buys and 0 Sells. In these transactions, 0 shares were bought while 0 shares were sold. The number of buy transactions has remained unchanged to 0 while that of sell transactions has risen to 2 over the past year. The total number of shares bought during that period was 0 while 13,770,830 shares were sold.
