5,600 Shares in Savers Value Village, Inc. (NYSE:SVV) Bought by KLP Kapitalforvaltning AS

KLP Kapitalforvaltning AS acquired a new position in Savers Value Village, Inc. (NYSE:SVV) during the fourth quarter, according to the company in its most recent filing with the SEC. The fund acquired 5,600 shares of the company’s stock, valued at approximately $57,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in SVV. Geode Capital Management LLC lifted its stake in Savers Value Village by 10.2% during the third quarter. Geode Capital Management LLC now owns 542,999 shares of the company’s stock worth $5,714,000 after purchasing an additional 50,051 shares during the last quarter. Baillie Gifford & Co. raised its holdings in shares of Savers Value Village by 570.0% during the fourth quarter. Baillie Gifford & Co. now owns 3,689,478 shares of the company’s stock worth $37,817,000 after purchasing an additional 3,138,844 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new position in shares of Savers Value Village in the 3rd quarter worth about $252,000. Primecap Management Co. CA boosted its holdings in shares of Savers Value Village by 662.1% in the 4th quarter. Primecap Management Co. CA now owns 471,750 shares of the company’s stock valued at $4,835,000 after buying an additional 409,850 shares during the period. Finally, Bank of New York Mellon Corp grew its position in shares of Savers Value Village by 94.0% during the 4th quarter. Bank of New York Mellon Corp now owns 124,901 shares of the company’s stock valued at $1,280,000 after buying an additional 60,507 shares during the last quarter. 98.78% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts recently issued reports on SVV shares. UBS Group cut their price target on Savers Value Village from $14.00 to $13.00 and set a “buy” rating on the stock in a report on Friday, February 21st. William Blair assumed coverage on shares of Savers Value Village in a research report on Friday, April 4th. They issued an “outperform” rating for the company. Piper Sandler dropped their price target on shares of Savers Value Village from $11.00 to $10.00 and set a “neutral” rating on the stock in a research note on Monday, February 24th. Finally, JPMorgan Chase & Co. reduced their price objective on Savers Value Village from $10.00 to $9.00 and set a “neutral” rating for the company in a research report on Friday, February 21st. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, Savers Value Village has an average rating of “Moderate Buy” and a consensus target price of $11.67.

Savers Value Village Stock Up 8.1 %

Shares of SVV stock opened at $8.99 on Friday. The stock has a market cap of $1.43 billion, a P/E ratio of 49.92 and a beta of 1.24. 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 $8.29 and a 200 day moving average price of $9.51. Savers Value Village, Inc. has a one year low of $6.48 and a one year high of $17.91.

Savers Value Village (NYSE:SVV) last issued its quarterly earnings data 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 firm had revenue of $401.99 million for the quarter, compared to the consensus estimate of $402.00 million. Analysts predict that Savers Value Village, Inc. will post 0.28 earnings per share for the current year.

Insider Activity at Savers Value Village

In related news, insider T. Charles Hunsinger acquired 6,000 shares of the company’s stock in a transaction that occurred on Friday, March 7th. The shares were acquired at an average cost of $7.25 per share, for a total transaction of $43,500.00. Following the completion of the acquisition, 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 position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, General Counsel Richard A. Medway sold 4,800 shares of the company’s stock in a transaction dated Tuesday, January 21st. The stock was 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 company insiders.

Savers Value Village Company 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.