Charles Schwab Investment Management Inc. Increases Holdings in Savers Value Village, Inc. (NYSE:SVV)

Charles Schwab Investment Management Inc. grew its holdings in shares of Savers Value Village, Inc. (NYSE:SVV) by 13.5% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 207,785 shares of the company’s stock after buying an additional 24,746 shares during the period. Charles Schwab Investment Management Inc. owned 0.13% of Savers Value Village worth $2,186,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of SVV. Makaira Partners LLC purchased a new stake in Savers Value Village during the 2nd quarter worth about $27,418,000. Thrivent Financial for Lutherans lifted its holdings in Savers Value Village by 329.5% during the 2nd quarter. Thrivent Financial for Lutherans now owns 2,068,621 shares of the company’s stock worth $25,320,000 after buying an additional 1,586,964 shares during the last quarter. The Manufacturers Life Insurance Company lifted its holdings in Savers Value Village by 34.3% during 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. Baillie Gifford & Co. purchased a new stake in Savers Value Village during the 2nd quarter worth about $5,000,000. Finally, Millennium Management LLC lifted its holdings in shares of Savers Value Village by 79.3% in the 2nd quarter. Millennium Management LLC now owns 316,097 shares of the company’s stock valued at $3,869,000 after purchasing an additional 139,811 shares during the last quarter. 98.78% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, 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 report on Friday, November 8th. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $12.00.

Savers Value Village Stock Performance

NYSE SVV opened at $9.64 on Monday. The company has a current ratio of 1.04, a quick ratio of 0.86 and a debt-to-equity ratio of 1.70. The business’s 50 day moving average is $9.83 and its two-hundred day moving average is $10.44. Savers Value Village, Inc. has a 12-month low of $7.78 and a 12-month high of $21.33. The stock has a market capitalization of $1.54 billion, a price-to-earnings ratio of 20.96 and a beta of 1.40.

Insiders Place Their Bets

In other Savers Value Village news, COO Jubran N. Tanious sold 7,889 shares of the business’s stock in a transaction that occurred on Tuesday, November 12th. The stock was sold at an average price of $10.31, for a total transaction of $81,335.59. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 2.38% of the stock is currently owned by insiders.

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.