Ameriprise Financial Inc. Purchases Shares of 1,104,735 Savers Value Village, Inc. (NYSE:SVV)

Ameriprise Financial Inc. purchased a new stake in Savers Value Village, Inc. (NYSE:SVV) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,104,735 shares of the company’s stock, valued at approximately $11,324,000. Ameriprise Financial Inc. owned about 0.69% of Savers Value Village as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the stock. Aigen Investment Management LP increased its stake in Savers Value Village by 11.2% in the fourth quarter. Aigen Investment Management LP now owns 17,175 shares of the company’s stock valued at $176,000 after purchasing an additional 1,726 shares during the last quarter. American Century Companies Inc. increased its stake in 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 purchasing an additional 2,085 shares during the last quarter. Wells Fargo & Company MN grew its position in shares of Savers Value Village by 51.7% during the fourth quarter. Wells Fargo & Company MN now owns 10,931 shares of the company’s stock worth $112,000 after acquiring an additional 3,725 shares during the last quarter. Hsbc Holdings PLC grew its position in shares of Savers Value Village by 12.6% during the fourth quarter. Hsbc Holdings PLC now owns 39,883 shares of the company’s stock worth $410,000 after acquiring an additional 4,454 shares during the last quarter. Finally, KLP Kapitalforvaltning AS purchased a new position in shares of Savers Value Village during the fourth quarter worth approximately $57,000. 98.78% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

SVV has been the topic of a number of research reports. Piper Sandler raised their target price on shares of Savers Value Village from $10.00 to $11.00 and gave the stock a “neutral” rating in a research report on Friday, May 2nd. UBS Group lowered their target price on shares of Savers Value Village from $14.00 to $13.00 and set a “buy” rating on the stock in a research report on Friday, February 21st. JPMorgan Chase & Co. lowered 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 report on Friday, February 21st. The Goldman Sachs Group raised their target price on shares of Savers Value Village from $9.00 to $10.00 and gave the stock a “neutral” rating in a research report on Friday, May 2nd. Finally, William Blair initiated coverage on shares of Savers Value Village in a research report on Friday, April 4th. They set an “outperform” rating on the stock. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $11.83.

Insider Buying and Selling at Savers Value Village

In other news, General Counsel Richard A. Medway sold 16,490 shares of Savers Value Village stock in a transaction on Thursday, May 8th. The stock was sold at an average price of $11.49, for a total transaction of $189,470.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider T. Charles Hunsinger purchased 6,000 shares of the business’s stock in a transaction dated Friday, March 7th. The shares were purchased at an average cost of $7.25 per share, with a total value of $43,500.00. Following the purchase, the insider now directly owns 14,100 shares in the company, valued at approximately $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 corporate insiders.

Savers Value Village Price Performance

Shares of NYSE SVV opened at $10.09 on Monday. The company has a debt-to-equity ratio of 1.70, a current ratio of 1.04 and a quick ratio of 0.86. The stock has a fifty day moving average price of $8.61 and a 200 day moving average price of $9.46. Savers Value Village, Inc. has a 1-year low of $6.48 and a 1-year high of $14.28. The company has a market cap of $1.59 billion, a PE ratio of 56.03 and a beta of 0.95.

Savers Value Village (NYSE:SVV) last issued its quarterly earnings results on Thursday, February 20th. The company reported $0.05 earnings per share for the quarter, missing the consensus estimate of $0.09 by ($0.04). Savers Value Village had a return on equity of 8.74% and a net margin of 1.89%. The company had revenue of $401.99 million for the quarter, compared to analyst estimates of $402.00 million. Sell-side analysts forecast that Savers Value Village, Inc. will post 0.28 EPS for the current year.

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.