Russell Investments Group Ltd. Sells 170,566 Shares of Savers Value Village, Inc. (NYSE:SVV)

Russell Investments Group Ltd. lessened its stake in Savers Value Village, Inc. (NYSE:SVV - Free Report) by 73.9% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 60,235 shares of the company's stock after selling 170,566 shares during the quarter. Russell Investments Group Ltd.'s holdings in Savers Value Village were worth $617,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Baillie Gifford & Co. raised its position in shares of Savers Value Village by 570.0% in the 4th quarter. Baillie Gifford & Co. now owns 3,689,478 shares of the company's stock valued at $37,817,000 after acquiring an additional 3,138,844 shares during the period. Vanguard Group Inc. raised its holdings in Savers Value Village by 3.0% in the fourth quarter. Vanguard Group Inc. now owns 2,382,647 shares of the company's stock worth $24,422,000 after purchasing an additional 68,316 shares during the period. Geode Capital Management LLC boosted its position in shares of Savers Value Village by 2.2% during the fourth quarter. Geode Capital Management LLC now owns 554,854 shares of the company's stock worth $5,689,000 after purchasing an additional 11,855 shares in the last quarter. Primecap Management Co. CA grew its holdings in shares of Savers Value Village by 662.1% in the 4th quarter. Primecap Management Co. CA now owns 471,750 shares of the company's stock valued at $4,835,000 after buying an additional 409,850 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its stake in Savers Value Village by 8.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 225,267 shares of the company's stock worth $2,309,000 after buying an additional 17,482 shares during the period. Institutional investors and hedge funds own 98.78% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on SVV shares. William Blair started coverage on Savers Value Village in a report on Friday, April 4th. They issued an "outperform" rating for the company. UBS Group dropped their target price 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. JPMorgan Chase & Co. lowered their price objective 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. Finally, Piper Sandler cut their price objective 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 analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $11.67.

Savers Value Village Stock Up 1.4 %

Savers Value Village stock opened at $9.53 on Wednesday. The company has a current ratio of 1.04, a quick ratio of 0.86 and a debt-to-equity ratio of 1.70. Savers Value Village, Inc. has a 1-year low of $6.48 and a 1-year high of $17.91. The company has a fifty day simple moving average of $8.01 and a 200 day simple moving average of $9.45. The company has a market cap of $1.51 billion, a P/E ratio of 52.97 and a beta of 1.24.

Savers Value Village (NYSE:SVV - Get Free Report) last posted its quarterly earnings data on Thursday, February 20th. The company reported $0.05 EPS for the quarter, missing analysts' consensus estimates of $0.09 by ($0.04). The business had revenue of $401.99 million for the quarter, compared to analyst estimates of $402.00 million. Savers Value Village had a return on equity of 8.74% and a net margin of 1.89%. Research analysts anticipate that Savers Value Village, Inc. will post 0.28 earnings per share for the current fiscal year.

Insider Buying and Selling at Savers Value Village

In other news, insider T. Charles Hunsinger purchased 6,000 shares of the business's stock in a transaction on Friday, March 7th. The stock was purchased at an average price of $7.25 per share, for a total transaction of $43,500.00. Following the completion of the purchase, the insider now directly owns 14,100 shares in the company, valued at $102,225. The trade was a 74.07 % increase in their position. The purchase was disclosed in a legal filing 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 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.

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