Archon Capital Management LLC Has $7.43 Million Stake in Savers Value Village, Inc. $SVV

Archon Capital Management LLC decreased its holdings in shares of Savers Value Village, Inc. (NYSE:SVV) by 7.6% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 728,067 shares of the company’s stock after selling 59,545 shares during the period. Savers Value Village makes up about 6.1% of Archon Capital Management LLC’s portfolio, making the stock its largest position. Archon Capital Management LLC owned approximately 0.47% of Savers Value Village worth $7,426,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. T. Rowe Price Investment Management Inc. raised its holdings in shares of Savers Value Village by 19.6% in the 1st quarter. T. Rowe Price Investment Management Inc. now owns 7,137,153 shares of the company’s stock worth $49,247,000 after acquiring an additional 1,167,253 shares during the last quarter. Marshall Wace LLP increased its holdings in Savers Value Village by 97.8% during the 2nd quarter. Marshall Wace LLP now owns 1,832,697 shares of the company’s stock worth $18,694,000 after purchasing an additional 905,986 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of Savers Value Village by 5.6% in the second quarter. Geode Capital Management LLC now owns 590,637 shares of the company’s stock worth $6,025,000 after purchasing an additional 31,305 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH raised its stake in shares of Savers Value Village by 54.2% in the second quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 571,961 shares of the company’s stock worth $5,834,000 after purchasing an additional 200,985 shares during the last quarter. Finally, Primecap Management Co. CA lifted its holdings in shares of Savers Value Village by 0.4% in the first quarter. Primecap Management Co. CA now owns 473,525 shares of the company’s stock valued at $3,267,000 after purchasing an additional 1,775 shares in the last quarter. 98.78% of the stock is currently owned by institutional investors and hedge funds.

Savers Value Village Stock Performance

NYSE SVV opened at $8.91 on Friday. The company has a market capitalization of $1.39 billion, a PE ratio of -889.61 and a beta of 1.01. The company has a debt-to-equity ratio of 1.76, a quick ratio of 0.61 and a current ratio of 0.81. Savers Value Village, Inc. has a 52-week low of $6.48 and a 52-week high of $13.89. The company has a 50-day simple moving average of $10.77 and a 200 day simple moving average of $10.94.

Savers Value Village (NYSE:SVV) last released its earnings results on Wednesday, January 15th. The company reported $0.18 earnings per share for the quarter. The firm had revenue of $394.80 million during the quarter. Savers Value Village had a negative net margin of 0.11% and a positive return on equity of 9.18%. On average, research analysts predict that Savers Value Village, Inc. will post 0.28 EPS for the current year.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the company. BTIG Research initiated coverage on Savers Value Village in a research report on Tuesday, October 14th. They issued a “buy” rating and a $18.00 price target for the company. UBS Group upped their target price on shares of Savers Value Village from $13.00 to $16.00 and gave the stock a “buy” rating in a research note on Friday, October 31st. Weiss Ratings reissued a “sell (d)” rating on shares of Savers Value Village in a research report on Monday. Finally, Wall Street Zen cut shares of Savers Value Village from a “buy” rating to a “hold” rating in a report on Saturday, November 8th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $13.67.

Insiders Place Their Bets

In other Savers Value Village news, General Counsel Richard A. Medway sold 20,000 shares of the business’s stock in a transaction on Friday, September 26th. The stock was sold at an average price of $13.69, for a total value of $273,800.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Mark T. Walsh sold 34,184 shares of the company’s stock in a transaction on Wednesday, September 24th. The shares were sold at an average price of $13.08, for a total value of $447,126.72. The SEC filing for this sale provides additional information. Insiders sold 99,550 shares of company stock valued at $1,324,924 over the last ninety days. 3.09% of the stock is currently owned by insiders.

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.