Northern Trust Corp Buys 13,764 Shares of Savers Value Village, Inc. (NYSE:SVV)

Northern Trust Corp raised its stake in Savers Value Village, Inc. (NYSE:SVV) by 6.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 223,146 shares of the company’s stock after purchasing an additional 13,764 shares during the quarter. Northern Trust Corp owned approximately 0.14% of Savers Value Village worth $2,287,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. KLP Kapitalforvaltning AS bought a new position in Savers Value Village in the fourth quarter valued at approximately $57,000. Wells Fargo & Company MN grew its stake in Savers Value Village by 51.7% in the fourth quarter. Wells Fargo & Company MN now owns 10,931 shares of the company’s stock valued at $112,000 after purchasing an additional 3,725 shares in the last quarter. AlphaQuest LLC bought a new position in Savers Value Village in the fourth quarter valued at approximately $113,000. Susquehanna Fundamental Investments LLC bought a new position in Savers Value Village in the fourth quarter valued at approximately $114,000. Finally, Handelsbanken Fonder AB bought a new position in Savers Value Village in the fourth quarter valued at approximately $138,000. 98.78% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on SVV. UBS Group decreased their price target on Savers Value Village from $14.00 to $13.00 and set a “buy” rating for the company in a research note on Friday, February 21st. The Goldman Sachs Group boosted their target price on Savers Value Village from $9.00 to $10.00 and gave the stock a “neutral” rating in a report on Friday, May 2nd. JPMorgan Chase & Co. decreased their target price on Savers Value Village from $10.00 to $9.00 and set a “neutral” rating on the stock in a report on Friday, February 21st. Piper Sandler boosted their target price on Savers Value Village from $10.00 to $11.00 and gave the stock a “neutral” rating in a report on Friday, May 2nd. Finally, William Blair assumed coverage on Savers Value Village in a 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 issued a buy rating to the stock. According to MarketBeat, Savers Value Village has a consensus rating of “Moderate Buy” and an average price target of $11.83.

Savers Value Village Stock Down 0.2%

SVV stock opened at $9.87 on Monday. The business’s 50 day simple moving average is $8.91 and its 200 day simple moving average is $9.43. The firm has a market capitalization of $1.53 billion, a PE ratio of 54.86 and a beta of 0.95. Savers Value Village, Inc. has a 1-year low of $6.48 and a 1-year high of $14.28. 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 released its quarterly earnings results on Thursday, February 20th. The company reported $0.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.09 by ($0.04). The firm had revenue of $401.99 million during the quarter, compared to the consensus estimate of $402.00 million. Savers Value Village had a net margin of 1.89% and a return on equity of 8.74%. As a group, research analysts anticipate that Savers Value Village, Inc. will post 0.28 EPS for the current year.

Insider Activity at Savers Value Village

In other news, insider T. Charles Hunsinger purchased 6,000 shares of Savers Value Village stock in a transaction that occurred on Friday, March 7th. The stock was acquired at an average cost of $7.25 per share, for a total transaction of $43,500.00. Following the purchase, the insider now directly owns 14,100 shares of the company’s stock, valued at $102,225. This trade represents a 74.07% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, General Counsel Richard A. Medway sold 16,490 shares of the company’s stock in a transaction on Thursday, May 8th. The shares were sold at an average price of $11.49, for a total value of $189,470.10. The disclosure for this sale can be found here. Insiders sold 57,094 shares of company stock worth $550,834 in the last ninety days. 2.38% of the stock is owned by company insiders.

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.