Marshall Wace LLP Raises Stake in Savers Value Village, Inc. (NYSE:SVV)

Marshall Wace LLP boosted its holdings in shares of Savers Value Village, Inc. (NYSE:SVV - Free Report) by 1,328.7% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 541,103 shares of the company's stock after buying an additional 503,230 shares during the period. Marshall Wace LLP owned approximately 0.34% of Savers Value Village worth $5,546,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. XTX Topco Ltd acquired a new stake in Savers Value Village in the fourth quarter valued at approximately $160,000. Barclays PLC raised its holdings in Savers Value Village by 23.0% during the fourth quarter. Barclays PLC now owns 52,262 shares of the company's stock valued at $536,000 after buying an additional 9,761 shares in the last quarter. Archon Capital Management LLC acquired a new stake in shares of Savers Value Village in the fourth quarter worth about $3,945,000. Renaissance Technologies LLC boosted its stake in shares of Savers Value Village by 389.9% during the 4th quarter. Renaissance Technologies LLC now owns 82,800 shares of the company's stock worth $849,000 after acquiring an additional 65,900 shares in the last quarter. Finally, Wells Fargo & Company MN raised its stake in shares of Savers Value Village by 51.7% in 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. 98.78% of the stock is currently owned by institutional investors and hedge funds.

Savers Value Village Stock Down 2.5 %

SVV stock traded down $0.24 during midday trading on Friday, hitting $9.39. The company's stock had a trading volume of 828,776 shares, compared to its average volume of 759,415. Savers Value Village, Inc. has a twelve month low of $6.48 and a twelve month high of $17.50. The company has a debt-to-equity ratio of 1.70, a current ratio of 1.04 and a quick ratio of 0.86. The company's fifty day moving average price is $7.90 and its 200 day moving average price is $9.43. The stock has a market capitalization of $1.49 billion, a P/E ratio of 52.17 and a beta of 1.24.

Savers Value Village (NYSE:SVV - Get Free Report) 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). Savers Value Village had a return on equity of 8.74% and a net margin of 1.89%. The company had revenue of $401.99 million for the quarter, compared to analyst estimates of $402.00 million. As a group, equities research analysts predict that Savers Value Village, Inc. will post 0.28 EPS for the current year.

Insider Buying and Selling

In related news, insider T. Charles Hunsinger purchased 6,000 shares of the firm's stock in a transaction on Friday, March 7th. The stock was purchased at an average cost of $7.25 per share, with a total value of $43,500.00. Following the completion of the purchase, the insider now owns 14,100 shares in the company, valued at approximately $102,225. This trade represents a 74.07 % increase in their position. The acquisition 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.

Wall Street Analyst Weigh In

Several equities analysts have commented on SVV shares. The Goldman Sachs Group set a $9.00 price target on Savers Value Village in a report on Tuesday. JPMorgan Chase & Co. cut their target price on shares of 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. William Blair assumed coverage on Savers Value Village in a research note on Friday, April 4th. They issued an "outperform" rating on the stock. UBS Group dropped 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. Finally, Piper Sandler decreased their target price on shares of Savers Value Village from $11.00 to $10.00 and set a "neutral" rating on the stock in a research report on Monday, February 24th. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $11.50.

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.