Baillie Gifford & Co. Acquires 3,138,844 Shares of Savers Value Village, Inc. (NYSE:SVV)

Baillie Gifford & Co. grew its stake in shares of Savers Value Village, Inc. (NYSE:SVV - Free Report) by 570.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,689,478 shares of the company's stock after purchasing an additional 3,138,844 shares during the period. Baillie Gifford & Co. owned about 2.31% of Savers Value Village worth $37,817,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. 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 valued at $5,714,000 after buying an additional 50,051 shares in the last quarter. Maverick Capital Ltd. acquired a new stake in shares of Savers Value Village during the third quarter valued at approximately $2,163,000. PDT Partners LLC purchased a new stake in shares of Savers Value Village in the 3rd quarter valued at approximately $1,698,000. Verition Fund Management LLC boosted its stake in Savers Value Village by 31.5% in the 3rd quarter. Verition Fund Management LLC now owns 250,594 shares of the company's stock worth $2,636,000 after purchasing an additional 60,007 shares during the period. Finally, Northwest & Ethical Investments L.P. grew its position in Savers Value Village by 89.9% during the 3rd quarter. Northwest & Ethical Investments L.P. now owns 99,500 shares of the company's stock worth $1,047,000 after purchasing 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 Down 0.8 %

SVV traded down $0.09 on Wednesday, reaching $11.23. 455,334 shares of the company traded hands, compared to its average volume of 537,839. The company has a market cap of $1.80 billion, a price-to-earnings ratio of 24.41 and a beta of 1.09. 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's 50 day moving average price is $10.65 and its 200-day moving average price is $10.06. Savers Value Village, Inc. has a 52-week low of $7.78 and a 52-week high of $21.33.

Insider Activity

In related news, General Counsel Richard A. Medway sold 4,800 shares of the stock in a transaction on Tuesday, January 21st. The stock was sold at an average price of $11.48, for a total transaction of $55,104.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 2.38% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Separately, Piper Sandler increased their target price on Savers Value Village from $10.00 to $11.00 and gave the company a "neutral" rating in a report on Friday, January 17th. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, Savers Value Village presently has an average rating of "Hold" and an average target price of $12.20.

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.