Primecap Management Co. CA Buys Shares of 61,900 Savers Value Village, Inc. (NYSE:SVV)

Primecap Management Co. CA bought a new stake in shares of Savers Value Village, Inc. (NYSE:SVV - Free Report) in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund bought 61,900 shares of the company's stock, valued at approximately $651,000.

A number of other large investors also recently made changes to their positions in SVV. nVerses Capital LLC acquired a new stake in Savers Value Village during the 2nd quarter worth approximately $62,000. Mount Yale Investment Advisors LLC bought a new stake in Savers Value Village in the 1st quarter valued at $193,000. Aigen Investment Management LP boosted its stake in Savers Value Village by 29.0% in the 3rd quarter. Aigen Investment Management LP now owns 15,449 shares of the company's stock worth $163,000 after purchasing an additional 3,477 shares during the period. Victory Capital Management Inc. bought a new position in Savers Value Village during the 2nd quarter worth about $255,000. Finally, GSA Capital Partners LLP acquired a new stake in shares of Savers Value Village in the 3rd quarter valued at about $248,000. Institutional investors and hedge funds own 98.78% of the company's stock.

Analyst Ratings Changes

SVV has been the topic of several analyst reports. Loop Capital cut their price target on shares of Savers Value Village from $23.00 to $15.00 and set a "buy" rating for the company in a research note on Monday, August 12th. The Goldman Sachs Group lowered Savers Value Village from a "buy" rating to a "neutral" rating and decreased their target price for the stock from $14.00 to $10.00 in a report on Friday, August 9th. Robert W. Baird cut their price target on Savers Value Village from $21.00 to $13.00 and set an "outperform" rating for the company in a report on Friday, August 9th. Finally, Piper Sandler reiterated a "neutral" rating and issued a $10.00 price objective (down from $11.00) on shares of Savers Value Village in a report on Friday, November 8th. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, Savers Value Village currently has an average rating of "Hold" and a consensus target price of $12.00.

Savers Value Village Stock Up 5.4 %

Savers Value Village stock traded up $0.47 during mid-day trading on Friday, reaching $9.13. The stock had a trading volume of 524,488 shares, compared to its average volume of 909,760. The company has a debt-to-equity ratio of 1.70, a quick ratio of 0.86 and a current ratio of 1.04. Savers Value Village, Inc. has a fifty-two week low of $7.78 and a fifty-two week high of $21.33. The stock's 50-day simple moving average is $10.07 and its 200-day simple moving average is $10.91. The firm has a market capitalization of $1.46 billion, a PE ratio of 19.85 and a beta of 1.59.

Insider Activity at Savers Value Village

In related news, COO Jubran N. Tanious sold 7,889 shares of the business's stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $10.31, for a total transaction of $81,335.59. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 2.38% of the stock is owned by insiders.

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.