Savers Value Village, Inc. (NYSE:SVV) Shares Sold by JPMorgan Chase & Co.

JPMorgan Chase & Co. decreased its position in Savers Value Village, Inc. (NYSE:SVV - Free Report) by 21.2% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,704,354 shares of the company's stock after selling 726,747 shares during the period. JPMorgan Chase & Co. owned about 1.69% of Savers Value Village worth $27,720,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of SVV. Aigen Investment Management LP increased 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 worth $176,000 after acquiring an additional 1,726 shares in the last quarter. American Century Companies Inc. increased its stake in shares of Savers Value Village by 15.6% during the fourth quarter. American Century Companies Inc. now owns 15,410 shares of the company's stock worth $158,000 after purchasing an additional 2,085 shares in the last quarter. KLP Kapitalforvaltning AS acquired a new position in shares of Savers Value Village during the 4th quarter worth about $57,000. AlphaQuest LLC purchased a new position in Savers Value Village in the 4th quarter valued at about $113,000. Finally, Handelsbanken Fonder AB acquired a new stake in Savers Value Village in the 4th quarter worth about $138,000. 98.78% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts have commented on the company. William Blair started coverage on Savers Value Village in a report on Friday, April 4th. They set an "outperform" rating for the company. JPMorgan Chase & Co. lowered their price objective on Savers Value Village from $10.00 to $9.00 and set a "neutral" rating for the company in a research report on Friday, February 21st. Piper Sandler decreased their price target on Savers Value Village from $11.00 to $10.00 and set a "neutral" rating on the stock in a research note on Monday, February 24th. Finally, UBS Group reduced their price objective on shares of 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 investment analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $11.67.

Insiders Place Their Bets

In other news, insider T. Charles Hunsinger purchased 6,000 shares of the business's stock in a transaction on Friday, March 7th. The shares were bought at an average price of $7.25 per share, with a total value of $43,500.00. Following the completion of the transaction, the insider now directly owns 14,100 shares in the company, valued at approximately $102,225. This represents a 74.07 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, General Counsel Richard A. Medway sold 4,800 shares of the stock in a transaction that occurred on Tuesday, January 21st. The shares were sold at an average price of $11.48, for a total value of $55,104.00. The disclosure for this sale can be found here. 2.38% of the stock is owned by corporate insiders.

Savers Value Village Stock Up 8.1 %

Shares of Savers Value Village stock traded up $0.68 during trading on Friday, hitting $8.99. 1,111,361 shares of the stock were exchanged, compared to its average volume of 750,647. The stock has a market cap of $1.43 billion, a price-to-earnings ratio of 49.92 and a beta of 1.24. The firm's 50-day moving average price is $8.29 and its 200 day moving average price is $9.50. The company has a debt-to-equity ratio of 1.70, a current ratio of 1.04 and a quick ratio of 0.86. Savers Value Village, Inc. has a 12-month low of $6.48 and a 12-month high of $17.91.

Savers Value Village (NYSE:SVV - Get Free Report) last released its quarterly earnings data 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 business 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%. As a group, analysts forecast that Savers Value Village, Inc. will post 0.28 earnings per share 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.