Bank of New York Mellon Corp Raises Position in Savers Value Village, Inc. (NYSE:SVV)

Bank of New York Mellon Corp raised its stake in shares of Savers Value Village, Inc. (NYSE:SVV - Free Report) by 94.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 124,901 shares of the company's stock after buying an additional 60,507 shares during the quarter. Bank of New York Mellon Corp owned about 0.08% of Savers Value Village worth $1,280,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Handelsbanken Fonder AB bought a new position in shares of Savers Value Village during the fourth quarter valued at $138,000. GSA Capital Partners LLP purchased a new stake in Savers Value Village during the 3rd quarter valued at about $248,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new stake in Savers Value Village during the 3rd quarter valued at about $252,000. Northwest & Ethical Investments L.P. raised its holdings in Savers Value Village by 89.9% in 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 during the last quarter. Finally, PDT Partners LLC bought a new position in shares of Savers Value Village in the third quarter worth approximately $1,698,000. 98.78% of the stock is owned by institutional investors.

Insider Buying and Selling at Savers Value Village

In other Savers Value Village news, insider T. Charles Hunsinger purchased 6,000 shares of the stock in a transaction that occurred on Friday, March 7th. The shares were 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 approximately $102,225. This trade represents a 74.07 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, General Counsel Richard A. Medway sold 4,800 shares of Savers Value Village stock in a transaction on Tuesday, January 21st. The shares were sold at an average price of $11.48, for a total transaction of $55,104.00. The disclosure for this sale can be found here. Insiders own 2.38% of the company's stock.

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Analyst Ratings Changes

SVV has been the subject of several analyst reports. UBS Group reduced their price target on shares of Savers Value Village from $14.00 to $13.00 and set a "buy" rating for the company in a research report on Friday, February 21st. Piper Sandler reduced their target price on Savers Value Village from $11.00 to $10.00 and set a "neutral" rating for the company in a report on Monday, February 24th. Finally, JPMorgan Chase & Co. dropped their price objective 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 research analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat.com, Savers Value Village currently has a consensus rating of "Moderate Buy" and a consensus price target of $11.67.

Savers Value Village Stock Performance

Shares of SVV stock traded up $0.26 during mid-day trading on Thursday, reaching $7.18. 656,568 shares of the company's stock traded hands, compared to its average volume of 718,974. Savers Value Village, Inc. has a 12 month low of $6.48 and a 12 month high of $19.72. The firm has a 50 day moving average price of $9.29 and a two-hundred day moving average price of $9.73. The firm has a market capitalization of $1.14 billion, a PE ratio of 39.86 and a beta of 1.41. The company has a debt-to-equity ratio of 1.70, a quick ratio of 0.86 and a current ratio of 1.04.

Savers Value Village (NYSE:SVV - Get Free Report) last posted its quarterly earnings data on Thursday, February 20th. The company reported $0.05 EPS for the quarter, missing the consensus estimate of $0.09 by ($0.04). The company had revenue of $401.99 million during 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 forecast that Savers Value Village, Inc. will post 0.28 EPS for the current 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.