Renaissance Technologies LLC Has $849,000 Position in Savers Value Village, Inc. (NYSE:SVV)

Renaissance Technologies LLC lifted its holdings in shares of Savers Value Village, Inc. (NYSE:SVV) by 389.9% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 82,800 shares of the company’s stock after purchasing an additional 65,900 shares during the period. Renaissance Technologies LLC owned 0.05% of Savers Value Village worth $849,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Baillie Gifford & Co. increased its position in Savers Value Village by 570.0% in the fourth quarter. Baillie Gifford & Co. now owns 3,689,478 shares of the company’s stock worth $37,817,000 after purchasing an additional 3,138,844 shares during the period. Vanguard Group Inc. grew its position in shares of Savers Value Village by 3.0% during the 4th quarter. Vanguard Group Inc. now owns 2,382,647 shares of the company’s stock worth $24,422,000 after buying an additional 68,316 shares during the period. Geode Capital Management LLC raised its stake in shares of Savers Value Village by 2.2% during the fourth quarter. Geode Capital Management LLC now owns 554,854 shares of the company’s stock worth $5,689,000 after buying an additional 11,855 shares during the last quarter. Primecap Management Co. CA lifted its holdings in Savers Value Village by 662.1% in the fourth quarter. Primecap Management Co. CA now owns 471,750 shares of the company’s stock valued at $4,835,000 after buying an additional 409,850 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its stake in Savers Value Village by 8.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 225,267 shares of the company’s stock valued at $2,309,000 after acquiring an additional 17,482 shares during the last quarter. 98.78% of the stock is currently owned by institutional investors and hedge funds.

Savers Value Village Stock Performance

SVV opened at $9.50 on Friday. Savers Value Village, Inc. has a 1-year low of $6.48 and a 1-year high of $17.30. The company has a market cap of $1.50 billion, a price-to-earnings ratio of 52.77 and a beta of 1.24. The company’s fifty day moving average price is $7.87 and its two-hundred day moving average price is $9.41. The company has a current ratio of 1.04, a quick ratio of 0.86 and a debt-to-equity ratio of 1.70.

Savers Value Village (NYSE:SVV) last posted its quarterly earnings data on Thursday, February 20th. The company reported $0.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.04). The firm had revenue of $401.99 million for the quarter, compared to analysts’ expectations of $402.00 million. Savers Value Village had a return on equity of 8.74% and a net margin of 1.89%. On average, analysts expect that Savers Value Village, Inc. will post 0.28 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have weighed in on the stock. The Goldman Sachs Group set a $9.00 target price on shares of Savers Value Village in a report on Tuesday, April 22nd. Piper Sandler reduced their target price on Savers Value Village from $11.00 to $10.00 and set a “neutral” rating on the stock in a report on Monday, February 24th. JPMorgan Chase & Co. lowered their price target on Savers Value Village from $10.00 to $9.00 and set a “neutral” rating for the company in a report on Friday, February 21st. UBS Group cut their price objective on Savers Value Village from $14.00 to $13.00 and set a “buy” rating on the stock in a report on Friday, February 21st. Finally, William Blair began coverage on Savers Value Village in a research note on Friday, April 4th. They set an “outperform” rating for the company. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $11.50.

Insider Buying and Selling at Savers Value Village

In related news, insider T. Charles Hunsinger bought 6,000 shares of the company’s stock in a transaction that occurred on Friday, March 7th. The stock was bought at an average cost of $7.25 per share, for a total transaction of $43,500.00. Following the acquisition, the insider now directly owns 14,100 shares of the company’s stock, valued at $102,225. The trade was a 74.07 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 2.38% of the company’s stock.

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.