Hsbc Holdings PLC Sells 12,340 Shares of Savers Value Village, Inc. $SVV

Hsbc Holdings PLC lowered its stake in shares of Savers Value Village, Inc. (NYSE:SVV) by 30.9% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 27,543 shares of the company’s stock after selling 12,340 shares during the period. Hsbc Holdings PLC’s holdings in Savers Value Village were worth $189,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in SVV. Wells Fargo & Company MN boosted its holdings in 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 buying an additional 3,725 shares during the last quarter. Barclays PLC boosted its holdings in Savers Value Village by 23.0% during the fourth quarter. Barclays PLC now owns 52,262 shares of the company’s stock worth $536,000 after buying an additional 9,761 shares during the last quarter. First Trust Advisors LP bought a new position in Savers Value Village during the fourth quarter worth about $578,000. Dimensional Fund Advisors LP bought a new position in Savers Value Village during the fourth quarter worth about $767,000. Finally, Northern Trust Corp boosted its holdings in Savers Value Village by 6.6% during the fourth quarter. Northern Trust Corp now owns 223,146 shares of the company’s stock worth $2,287,000 after buying an additional 13,764 shares during the last quarter. Institutional investors own 98.78% of the company’s stock.

Savers Value Village Trading Down 1.4%

NYSE:SVV opened at $12.56 on Friday. Savers Value Village, Inc. has a fifty-two week low of $6.48 and a fifty-two week high of $13.03. The company has a debt-to-equity ratio of 1.65, a current ratio of 0.69 and a quick ratio of 0.51. The stock has a market capitalization of $1.95 billion, a PE ratio of 59.80 and a beta of 1.02. The business’s 50-day simple moving average is $11.00 and its 200-day simple moving average is $9.72.

Savers Value Village (NYSE:SVV) last released its earnings results on Thursday, July 31st. The company reported $0.14 EPS for the quarter, beating the consensus estimate of $0.12 by $0.02. The firm had revenue of $417.21 million for the quarter, compared to analysts’ expectations of $405.75 million. Savers Value Village had a return on equity of 8.85% and a net margin of 2.14%.The business’s quarterly revenue was up 7.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.14 EPS. Savers Value Village has set its FY 2025 guidance at 0.410-0.480 EPS. Sell-side analysts expect that Savers Value Village, Inc. will post 0.28 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

SVV has been the topic of a number of recent analyst reports. Piper Sandler raised their target price on Savers Value Village from $11.00 to $12.00 and gave the stock a “neutral” rating in a report on Friday, August 1st. Northland Capmk upgraded Savers Value Village to a “strong-buy” rating in a report on Tuesday, June 10th. Wall Street Zen upgraded Savers Value Village from a “hold” rating to a “buy” rating in a report on Saturday, August 2nd. JPMorgan Chase & Co. raised their target price on Savers Value Village from $9.00 to $11.00 and gave the stock a “neutral” rating in a report on Monday, July 28th. Finally, Northland Securities began coverage on Savers Value Village in a report on Tuesday, June 10th. They set an “outperform” rating and a $15.00 price objective on the stock. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, Savers Value Village currently has an average rating of “Moderate Buy” and an average price target of $12.20.

Insider Transactions at Savers Value Village

In other Savers Value Village news, insider Melinda L. Geisser sold 7,824 shares of the business’s stock in a transaction that occurred on Monday, August 4th. The stock was sold at an average price of $11.48, for a total transaction of $89,819.52. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, General Counsel Richard A. Medway sold 15,000 shares of the business’s stock in a transaction that occurred on Monday, August 4th. The stock was sold at an average price of $11.48, for a total value of $172,200.00. The disclosure for this sale can be found here. In the last three months, insiders have sold 168,610 shares of company stock worth $1,920,781. Corporate insiders own 3.09% 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.