Baillie Gifford & Co. Invests $5 Million in Savers Value Village, Inc. (NYSE:SVV)

Baillie Gifford & Co. bought a new position in Savers Value Village, Inc. (NYSE:SVV - Free Report) in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 408,533 shares of the company's stock, valued at approximately $5,000,000. Baillie Gifford & Co. owned 0.25% of Savers Value Village at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Norges Bank bought a new position in shares of Savers Value Village during the fourth quarter valued at $25,076,000. Goldman Sachs Group Inc. lifted its holdings in shares of Savers Value Village by 103.8% during the fourth quarter. Goldman Sachs Group Inc. now owns 972,863 shares of the company's stock valued at $16,908,000 after acquiring an additional 495,482 shares during the period. Alberta Investment Management Corp lifted its holdings in shares of Savers Value Village by 345.3% during the fourth quarter. Alberta Investment Management Corp now owns 206,564 shares of the company's stock valued at $3,590,000 after acquiring an additional 160,176 shares during the period. Wolf Hill Capital Management LP bought a new position in shares of Savers Value Village during the fourth quarter valued at $2,714,000. Finally, Lighthouse Investment Partners LLC bought a new position in shares of Savers Value Village during the fourth quarter valued at $2,607,000. 98.78% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the company. Piper Sandler cut their price objective on Savers Value Village from $13.00 to $11.00 and set an "overweight" rating for the company in a report on Friday, August 9th. Loop Capital lowered their price objective on Savers Value Village from $23.00 to $15.00 and set a "buy" rating for the company in a research report on Monday, August 12th. JPMorgan Chase & Co. lowered Savers Value Village from an "overweight" rating to a "neutral" rating and lowered their price objective for the stock from $21.00 to $12.00 in a research report on Monday, July 22nd. The Goldman Sachs Group lowered Savers Value Village from a "buy" rating to a "neutral" rating and lowered their price objective for the stock from $14.00 to $10.00 in a research report on Friday, August 9th. Finally, Robert W. Baird lowered their price objective on Savers Value Village from $21.00 to $13.00 and set an "outperform" rating for the company in a research report on Friday, August 9th. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, Savers Value Village has a consensus rating of "Moderate Buy" and an average target price of $12.20.

Savers Value Village Trading Up 0.5 %

Shares of Savers Value Village stock traded up $0.05 during trading on Monday, hitting $9.98. 598,467 shares of the company were exchanged, compared to its average volume of 954,462. The firm has a market capitalization of $1.60 billion, a P/E ratio of 24.34 and a beta of 1.67. Savers Value Village, Inc. has a 1-year low of $7.78 and a 1-year high of $25.97. The firm's fifty day moving average price is $10.71 and its 200 day moving average price is $14.72. The company has a debt-to-equity ratio of 1.75, a current ratio of 1.03 and a quick ratio of 0.87.

Savers Value Village (NYSE:SVV - Get Free Report) last posted its earnings results on Thursday, August 8th. The company reported $0.14 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.20 by ($0.06). The company had revenue of $396.70 million for the quarter, compared to analyst estimates of $391.13 million. Savers Value Village had a return on equity of 2.88% and a net margin of 2.47%. Savers Value Village's quarterly revenue was up 4.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.22 earnings per share. As a group, sell-side analysts expect 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.