Archon Capital Management LLC Purchases Shares of 384,884 Savers Value Village, Inc. (NYSE:SVV)

Archon Capital Management LLC purchased a new stake in shares of Savers Value Village, Inc. (NYSE:SVV - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 384,884 shares of the company's stock, valued at approximately $3,945,000. Savers Value Village accounts for approximately 3.8% of Archon Capital Management LLC's portfolio, making the stock its 6th largest holding. Archon Capital Management LLC owned approximately 0.24% of Savers Value Village as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the business. Aigen Investment Management LP raised its holdings in Savers Value Village by 11.2% in the 4th quarter. Aigen Investment Management LP now owns 17,175 shares of the company's stock valued at $176,000 after acquiring an additional 1,726 shares in the last quarter. American Century Companies Inc. raised its stake in shares of Savers Value Village by 15.6% in the 4th quarter. American Century Companies Inc. now owns 15,410 shares of the company's stock valued at $158,000 after buying an additional 2,085 shares in the last quarter. Wells Fargo & Company MN boosted its position in shares of Savers Value Village by 51.7% during the 4th quarter. Wells Fargo & Company MN now owns 10,931 shares of the company's stock valued at $112,000 after acquiring an additional 3,725 shares in the last quarter. KLP Kapitalforvaltning AS bought a new stake in Savers Value Village in the fourth quarter valued at about $57,000. Finally, AlphaQuest LLC bought a new position in Savers Value Village during the fourth quarter worth about $113,000. 98.78% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

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

Insider Buying and Selling at Savers Value Village

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 stock was sold at an average price of $11.48, for a total transaction of $55,104.00. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider T. Charles Hunsinger acquired 6,000 shares of the business's stock in a transaction dated Friday, March 7th. The stock was bought at an average cost of $7.25 per share, with a total value of $43,500.00. Following the acquisition, the insider now owns 14,100 shares in the company, valued at $102,225. The trade was a 74.07 % increase in their position. The disclosure for this purchase can be found here. Company insiders own 2.38% of the company's stock.

Savers Value Village Trading Up 3.6 %

Shares of NYSE:SVV traded up $0.33 during mid-day trading on Thursday, reaching $9.27. The stock had a trading volume of 261,684 shares, compared to its average volume of 748,724. Savers Value Village, Inc. has a twelve month low of $6.48 and a twelve month high of $17.91. The company has a current ratio of 1.04, a quick ratio of 0.86 and a debt-to-equity ratio of 1.70. The firm has a market cap of $1.47 billion, a PE ratio of 51.39 and a beta of 1.24. The firm has a 50 day simple moving average of $8.16 and a two-hundred day simple moving average of $9.48.

Savers Value Village (NYSE:SVV - Get Free Report) last posted its 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 the consensus estimate of $402.00 million. Savers Value Village had a return on equity of 8.74% and a net margin of 1.89%. On average, research analysts predict 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.