PDT Partners LLC Takes Position in Savers Value Village, Inc. (NYSE:SVV)

PDT Partners LLC bought a new stake in Savers Value Village, Inc. (NYSE:SVV - Free Report) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 161,446 shares of the company's stock, valued at approximately $1,698,000. PDT Partners LLC owned 0.10% of Savers Value Village at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Thrivent Financial for Lutherans raised its stake in shares of Savers Value Village by 329.5% in the second quarter. Thrivent Financial for Lutherans now owns 2,068,621 shares of the company's stock valued at $25,320,000 after acquiring an additional 1,586,964 shares during the period. Makaira Partners LLC bought a new position in shares of Savers Value Village in the second quarter worth about $27,418,000. AIA Group Ltd grew its holdings in shares of Savers Value Village by 120.6% in the third quarter. AIA Group Ltd now owns 106,641 shares of the company's stock worth $1,122,000 after purchasing an additional 58,297 shares during the last quarter. Boston Partners bought a new position in shares of Savers Value Village in the first quarter worth about $625,000. Finally, Baillie Gifford & Co. grew its holdings in shares of Savers Value Village by 34.8% in the third quarter. Baillie Gifford & Co. now owns 550,634 shares of the company's stock worth $5,793,000 after purchasing an additional 142,101 shares during the last quarter. Hedge funds and other institutional investors own 98.78% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on SVV shares. Robert W. Baird cut their price target on shares of Savers Value Village from $21.00 to $13.00 and set an "outperform" rating on the stock in a report on Friday, August 9th. Loop Capital cut 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 report on Monday, August 12th. Piper Sandler restated a "neutral" rating and issued a $10.00 price target (down from $11.00) on shares of Savers Value Village in a report on Friday, November 8th. Finally, The Goldman Sachs Group cut shares of Savers Value Village from a "buy" rating to a "neutral" rating and cut their price target for the stock from $14.00 to $10.00 in a report on Friday, August 9th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, Savers Value Village has an average rating of "Hold" and a consensus target price of $12.00.

Insiders Place Their Bets

In related news, COO Jubran N. Tanious sold 7,889 shares of the firm's stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $10.31, for a total value of $81,335.59. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 2.38% of the company's stock.

Savers Value Village Stock Up 1.1 %

Shares of SVV stock traded up $0.10 during mid-day trading on Friday, hitting $9.35. 253,312 shares of the stock traded hands, compared to its average volume of 942,844. The stock's fifty day moving average is $9.98 and its two-hundred day moving average is $10.68. The stock has a market cap of $1.50 billion, a P/E ratio of 20.33 and a beta of 1.59. 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 52-week low of $7.78 and a 52-week high of $21.33.

About Savers Value Village

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.