Emerald Advisers LLC Decreases Stake in Savers Value Village, Inc. (NYSE:SVV)

Emerald Advisers LLC lowered its position in Savers Value Village, Inc. (NYSE:SVV - Free Report) by 40.3% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 748,398 shares of the company's stock after selling 504,340 shares during the period. Emerald Advisers LLC owned approximately 0.46% of Savers Value Village worth $9,160,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the company. Victory Capital Management Inc. purchased a new position in shares of Savers Value Village in the second quarter valued at $255,000. TD Asset Management Inc increased its holdings in Savers Value Village by 26.8% during the 2nd quarter. TD Asset Management Inc now owns 52,056 shares of the company's stock valued at $637,000 after acquiring an additional 11,000 shares in the last quarter. nVerses Capital LLC purchased a new position in Savers Value Village during the 2nd quarter valued at about $62,000. Baillie Gifford & Co. acquired a new position in Savers Value Village during the second quarter worth about $5,000,000. Finally, Boston Partners purchased a new stake in shares of Savers Value Village in the first quarter valued at about $625,000. 98.78% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

Savers Value Village Trading Up 0.4 %

SVV stock traded up $0.04 during midday trading on Friday, reaching $9.01. 502,639 shares of the company's stock traded hands, compared to its average volume of 736,133. Savers Value Village, Inc. has a fifty-two week low of $7.78 and a fifty-two week high of $23.34. The business has a 50-day moving average price of $10.25 and a two-hundred day moving average price of $14.06. The company has a market capitalization of $1.45 billion, a P/E ratio of 21.98 and a beta of 1.65. 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 for the quarter, missing the consensus estimate of $0.20 by ($0.06). Savers Value Village had a net margin of 2.47% and a return on equity of 2.88%. The business had revenue of $396.70 million for the quarter, compared to analyst estimates of $391.13 million. During the same quarter in the previous year, the firm posted $0.22 EPS. The business's revenue was up 4.6% compared to the same quarter last year. Equities research analysts forecast that Savers Value Village, Inc. will post 0.28 EPS for the current fiscal year.

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.