Vanguard Group Inc. Acquires 68,316 Shares of Savers Value Village, Inc. (NYSE:SVV)

Vanguard Group Inc. boosted its stake in shares of Savers Value Village, Inc. (NYSE:SVV) by 3.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,382,647 shares of the company’s stock after buying an additional 68,316 shares during the quarter. Vanguard Group Inc. owned approximately 1.49% of Savers Value Village worth $24,422,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in SVV. Aigen Investment Management LP raised its stake in shares of Savers Value Village by 11.2% during the 4th quarter. Aigen Investment Management LP now owns 17,175 shares of the company’s stock worth $176,000 after purchasing an additional 1,726 shares during the period. American Century Companies Inc. boosted its position in shares of Savers Value Village by 15.6% in the fourth quarter. American Century Companies Inc. now owns 15,410 shares of the company’s stock valued at $158,000 after acquiring an additional 2,085 shares during the period. KLP Kapitalforvaltning AS purchased a new position in shares of Savers Value Village during the 4th quarter valued at $57,000. AlphaQuest LLC purchased a new position in Savers Value Village during the fourth quarter worth about $113,000. Finally, Handelsbanken Fonder AB bought a new position in shares of Savers Value Village in the fourth quarter worth approximately $138,000. 98.78% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research firms recently weighed in on SVV. UBS Group dropped their target price on Savers Value Village from $14.00 to $13.00 and set a “buy” rating for the company in a research report on Friday, February 21st. William Blair started coverage on shares of Savers Value Village in a research note on Friday, April 4th. They issued an “outperform” rating for the company. Piper Sandler reduced their price objective on Savers Value Village from $11.00 to $10.00 and set a “neutral” rating on the stock in a research note on Monday, February 24th. Finally, JPMorgan Chase & Co. decreased their target price on shares of Savers Value Village from $10.00 to $9.00 and set a “neutral” rating on the stock in a research note on Friday, February 21st. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, Savers Value Village currently has an average rating of “Moderate Buy” and a consensus target price of $11.67.

Insiders Place Their Bets

In other news, General Counsel Richard A. Medway sold 4,800 shares of the business’s stock in a transaction dated Tuesday, January 21st. The stock was sold at an average price of $11.48, for a total transaction of $55,104.00. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider T. Charles Hunsinger acquired 6,000 shares of the firm’s stock in a transaction that occurred on Friday, March 7th. The stock was bought at an average cost of $7.25 per share, with a total value of $43,500.00. Following the completion of the transaction, the insider now directly owns 14,100 shares in the company, valued at $102,225. The trade was a 74.07 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 2.38% of the stock is owned by company insiders.

Savers Value Village Trading Down 1.1 %

Shares of NYSE SVV opened at $8.88 on Wednesday. Savers Value Village, Inc. has a twelve month low of $6.48 and a twelve month high of $17.91. The company has a quick ratio of 0.86, a current ratio of 1.04 and a debt-to-equity ratio of 1.70. The business has a fifty day simple moving average of $8.21 and a two-hundred day simple moving average of $9.49. The firm has a market cap of $1.41 billion, a PE ratio of 49.31 and a beta of 1.24.

Savers Value Village (NYSE:SVV) last posted its quarterly earnings results on Thursday, February 20th. The company reported $0.05 EPS for the quarter, missing the consensus estimate of $0.09 by ($0.04). Savers Value Village had a net margin of 1.89% and a return on equity of 8.74%. The business had revenue of $401.99 million during the quarter, compared to the consensus estimate of $402.00 million. Analysts expect 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.