13,500 Shares in Savers Value Village, Inc. (NYSE:SVV) Acquired by Handelsbanken Fonder AB

Handelsbanken Fonder AB bought a new stake in shares of Savers Value Village, Inc. (NYSE:SVV) in the fourth quarter, Holdings Channel.com reports. The institutional investor bought 13,500 shares of the company’s stock, valued at approximately $138,000.

Other institutional investors have also recently made changes to their positions in the company. Aigen Investment Management LP raised its stake in Savers Value Village by 29.0% in the 3rd quarter. Aigen Investment Management LP now owns 15,449 shares of the company’s stock worth $163,000 after acquiring an additional 3,477 shares during the last quarter. GSA Capital Partners LLP purchased a new position in shares of Savers Value Village during the third quarter worth $248,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new position in shares of Savers Value Village during the third quarter worth $252,000. Primecap Management Co. CA acquired a new stake in Savers Value Village during the third quarter worth about $651,000. Finally, Northwest & Ethical Investments L.P. boosted its holdings in Savers Value Village by 89.9% during the third quarter. Northwest & Ethical Investments L.P. now owns 99,500 shares of the company’s stock worth $1,047,000 after buying an additional 47,100 shares in the last quarter. Institutional investors and hedge funds own 98.78% of the company’s stock.

Savers Value Village Stock Performance

Savers Value Village stock opened at $6.87 on Tuesday. Savers Value Village, Inc. has a 1-year low of $6.73 and a 1-year high of $21.33. 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 market cap of $1.09 billion, a price-to-earnings ratio of 38.17 and a beta of 1.09. The firm has a 50 day simple moving average of $10.44 and a 200-day simple moving average of $10.03.

Savers Value Village (NYSE:SVV) last posted its 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 for the quarter, compared to analyst estimates of $402.00 million. Savers Value Village had a return on equity of 8.74% and a net margin of 1.89%. On average, analysts expect that Savers Value Village, Inc. will post 0.28 EPS for the current year.

Insiders Place Their Bets

In other Savers Value Village news, General Counsel Richard A. Medway sold 4,800 shares of the business’s stock in a transaction that occurred on Tuesday, January 21st. The shares were sold at an average price of $11.48, for a total transaction of $55,104.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 2.38% of the company’s stock.

Wall Street Analyst Weigh In

SVV has been the subject of a number of recent analyst reports. Piper Sandler cut their price objective on shares of Savers Value Village from $11.00 to $10.00 and set a “neutral” rating for the company in a report on Monday, February 24th. 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 research report on Friday, February 21st. Finally, UBS Group decreased their price target on shares of Savers Value Village from $14.00 to $13.00 and set a “buy” rating on the stock in a research note on Friday, February 21st. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, Savers Value Village currently has a consensus rating of “Moderate Buy” and a consensus price target of $11.67.

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.