Millennium Management LLC boosted its position in shares of Savers Value Village, Inc. (NYSE:SVV – Free Report) by 79.3% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 316,097 shares of the company’s stock after buying an additional 139,811 shares during the quarter. Millennium Management LLC owned approximately 0.20% of Savers Value Village worth $3,869,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors have also added to or reduced their stakes in the company. Thrivent Financial for Lutherans boosted its holdings in shares of Savers Value Village by 329.5% during the second 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 period. The Manufacturers Life Insurance Company grew its position in shares of Savers Value Village by 34.3% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 1,883,269 shares of the company’s stock worth $23,051,000 after buying an additional 481,423 shares during the last quarter. Goldman Sachs Group Inc. grew its position in shares of Savers Value Village by 103.8% in the 4th quarter. Goldman Sachs Group Inc. now owns 972,863 shares of the company’s stock worth $16,908,000 after buying an additional 495,482 shares during the last quarter. Baillie Gifford & Co. purchased a new position in shares of Savers Value Village during the second quarter valued at approximately $5,000,000. Finally, Squarepoint Ops LLC raised its holdings in shares of Savers Value Village by 65.3% during the second quarter. Squarepoint Ops LLC now owns 110,446 shares of the company’s stock valued at $1,352,000 after acquiring an additional 43,613 shares in the last quarter. Hedge funds and other institutional investors own 98.78% of the company’s stock.
Analysts Set New Price Targets
Several research analysts have commented on SVV shares. The Goldman Sachs Group lowered shares of Savers Value Village from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $14.00 to $10.00 in a report on Friday, August 9th. Piper Sandler lowered their price objective on shares of Savers Value Village from $13.00 to $11.00 and set an “overweight” rating for the company in a report on Friday, August 9th. Robert W. Baird reduced their target price on Savers Value Village from $21.00 to $13.00 and set an “outperform” rating on the stock in a report on Friday, August 9th. JPMorgan Chase & Co. cut Savers Value Village from an “overweight” rating to a “neutral” rating and lowered their target price for the company from $21.00 to $12.00 in a research note on Monday, July 22nd. Finally, Loop Capital decreased their price objective on Savers Value Village from $23.00 to $15.00 and set a “buy” rating for the company in a report on Monday, August 12th. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, Savers Value Village has an average rating of “Moderate Buy” and an average price target of $12.20.
Savers Value Village Stock Performance
SVV stock opened at $10.49 on Monday. The stock has a market capitalization of $1.70 billion, a PE ratio of 25.59 and a beta of 1.67. The stock’s 50 day simple moving average is $9.71 and its 200 day simple moving average is $12.46. Savers Value Village, Inc. has a 12-month low of $7.78 and a 12-month high of $21.33. The company has a current ratio of 1.03, a quick ratio of 0.87 and a debt-to-equity ratio of 1.75.
Savers Value Village (NYSE:SVV – Get Free Report) last released its quarterly earnings results on Thursday, August 8th. The company reported $0.14 earnings per share for the quarter, missing the consensus estimate of $0.20 by ($0.06). The firm had revenue of $396.70 million for the quarter, compared to the consensus estimate of $391.13 million. Savers Value Village had a net margin of 2.47% and a return on equity of 2.88%. Savers Value Village’s quarterly revenue was up 4.6% compared to the same quarter last year. During the same period in the previous year, the company earned $0.22 earnings per share. As a group, research analysts forecast that Savers Value Village, Inc. will post 0.28 earnings per share for the current fiscal year.
Savers Value Village Profile
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.
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