Cubist Systematic Strategies LLC Buys New Position in Savers Value Village, Inc. (NYSE:SVV)

Cubist Systematic Strategies LLC acquired a new stake in Savers Value Village, Inc. (NYSE:SVV) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 17,897 shares of the company’s stock, valued at approximately $183,000.

Other hedge funds have also modified their holdings of the company. BNP Paribas Financial Markets acquired a new position in shares of Savers Value Village in the fourth quarter valued at about $36,000. KLP Kapitalforvaltning AS acquired a new position in shares of Savers Value Village in the fourth quarter valued at about $57,000. Wells Fargo & Company MN grew 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 acquiring an additional 3,725 shares during the period. AlphaQuest LLC acquired a new stake in Savers Value Village during the fourth quarter worth about $113,000. Finally, Susquehanna Fundamental Investments LLC acquired a new stake in Savers Value Village during the fourth quarter worth about $114,000. 98.78% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms recently commented on SVV. Piper Sandler raised their target price on Savers Value Village from $10.00 to $11.00 and gave the stock a “neutral” rating in a report on Friday, May 2nd. William Blair began coverage on Savers Value Village in a report on Friday, April 4th. They set an “outperform” rating on the stock. The Goldman Sachs Group raised their target price on Savers Value Village from $9.00 to $10.00 and gave the stock a “neutral” rating in a report on Friday, May 2nd. JPMorgan Chase & Co. dropped their target price on Savers Value Village from $10.00 to $9.00 and set a “neutral” rating on the stock in a report on Friday, February 21st. Finally, UBS Group dropped their target price 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. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $11.83.

Insiders Place Their Bets

In other news, insider T. Charles Hunsinger bought 6,000 shares of the firm’s stock in a transaction dated Friday, March 7th. The shares were acquired at an average price of $7.25 per share, for a total transaction of $43,500.00. Following the completion of the transaction, the insider now directly owns 14,100 shares in the company, valued at $102,225. The trade was a 74.07% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, General Counsel Richard A. Medway sold 16,490 shares of the firm’s stock in a transaction that occurred on Thursday, May 8th. The shares were sold at an average price of $11.49, for a total value of $189,470.10. The disclosure for this sale can be found here. 2.38% of the stock is currently owned by company insiders.

Savers Value Village Stock Performance

Shares of SVV stock opened at $10.09 on Monday. The company has a market capitalization of $1.59 billion, a P/E ratio of 56.03 and a beta of 0.95. The business’s 50 day moving average is $8.61 and its two-hundred day moving average is $9.46. The company has a current ratio of 1.04, a quick ratio of 0.86 and a debt-to-equity ratio of 1.70. Savers Value Village, Inc. has a 12-month low of $6.48 and a 12-month high of $14.28.

Savers Value Village (NYSE:SVV) last issued its quarterly earnings results 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). The business had revenue of $401.99 million for the quarter, compared to analysts’ expectations of $402.00 million. Savers Value Village had a return on equity of 8.74% and a net margin of 1.89%. Analysts expect that Savers Value Village, Inc. will post 0.28 EPS for the current fiscal year.

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.