AlphaQuest LLC Invests $113,000 in Savers Value Village, Inc. (NYSE:SVV)

AlphaQuest LLC purchased a new position in Savers Value Village, Inc. (NYSE:SVV) during the 4th quarter, HoldingsChannel.com reports. The fund purchased 11,034 shares of the company’s stock, valued at approximately $113,000.

Several other institutional investors have also modified their holdings of the business. Baillie Gifford & Co. lifted its stake in shares of 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 acquiring an additional 3,138,844 shares in the last quarter. FMR LLC lifted its stake in shares of Savers Value Village by 30.8% in the third quarter. FMR LLC now owns 3,437,895 shares of the company’s stock worth $36,167,000 after acquiring an additional 808,867 shares in the last quarter. Geode Capital Management LLC lifted its stake in shares of Savers Value Village by 10.2% in the third quarter. Geode Capital Management LLC now owns 542,999 shares of the company’s stock worth $5,714,000 after acquiring an additional 50,051 shares in the last quarter. Verition Fund Management LLC lifted its stake in shares of Savers Value Village by 31.5% in the third quarter. Verition Fund Management LLC now owns 250,594 shares of the company’s stock worth $2,636,000 after acquiring an additional 60,007 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its stake in shares of 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 worth $2,309,000 after acquiring an additional 17,482 shares in the last quarter. Institutional investors and hedge funds own 98.78% of the company’s stock.

Savers Value Village Stock Performance

Shares of SVV stock opened at $6.84 on Wednesday. Savers Value Village, Inc. has a 12-month low of $6.48 and a 12-month high of $19.72. The firm has a market capitalization of $1.08 billion, a price-to-earnings ratio of 37.97 and a beta of 1.41. The business has a 50 day simple moving average of $9.67 and a 200 day simple moving average of $9.82. The company has a debt-to-equity ratio of 1.70, a current ratio of 1.04 and a quick ratio of 0.86.

Savers Value Village (NYSE:SVV) last issued 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). Savers Value Village had a return on equity of 8.74% and a net margin of 1.89%. The business had revenue of $401.99 million during the quarter, compared to the consensus estimate of $402.00 million. On average, equities research analysts anticipate that Savers Value Village, Inc. will post 0.28 EPS for the current year.

Wall Street Analyst Weigh In

Several brokerages have issued reports on SVV. JPMorgan Chase & Co. cut their price objective on Savers Value Village from $10.00 to $9.00 and set a “neutral” rating on the stock in a research note on Friday, February 21st. Piper Sandler dropped their price target on Savers Value Village from $11.00 to $10.00 and set a “neutral” rating on the stock in a research report on Monday, February 24th. Finally, UBS Group dropped their price target on 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. Three analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $11.67.

Insider Buying and Selling at Savers Value Village

In other news, insider T. Charles Hunsinger purchased 6,000 shares of the firm’s stock in a transaction on Friday, March 7th. The stock was purchased at an average cost of $7.25 per share, with a total value of $43,500.00. Following the purchase, the insider now owns 14,100 shares in the company, valued at $102,225. This trade represents a 74.07 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, General Counsel Richard A. Medway sold 4,800 shares of the stock in a transaction on Tuesday, January 21st. The shares were sold at an average price of $11.48, for a total value of $55,104.00. The disclosure for this sale can be found here. 2.38% of the stock is currently owned by corporate 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.