FMR LLC raised its holdings in Savers Value Village, Inc. (NYSE:SVV - Free Report) by 30.8% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 3,437,895 shares of the company's stock after acquiring an additional 808,867 shares during the quarter. FMR LLC owned about 2.15% of Savers Value Village worth $36,167,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Makaira Partners LLC bought a new position in Savers Value Village in the second quarter valued at approximately $27,418,000. Thrivent Financial for Lutherans boosted its position in shares of Savers Value Village by 329.5% during the second quarter. Thrivent Financial for Lutherans now owns 2,068,621 shares of the company's stock worth $25,320,000 after purchasing an additional 1,586,964 shares in the last quarter. The Manufacturers Life Insurance Company boosted its position in shares of Savers Value Village by 34.3% during the second quarter. The Manufacturers Life Insurance Company now owns 1,883,269 shares of the company's stock worth $23,051,000 after purchasing an additional 481,423 shares in the last quarter. Baillie Gifford & Co. boosted its position in shares of Savers Value Village by 34.8% during 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 in the last quarter. Finally, Millennium Management LLC boosted its position in shares of Savers Value Village by 79.3% during the second quarter. Millennium Management LLC now owns 316,097 shares of the company's stock worth $3,869,000 after purchasing an additional 139,811 shares in the last quarter. 98.78% of the stock is owned by institutional investors.
Analyst Upgrades and Downgrades
A number of equities analysts have recently weighed in on SVV shares. Piper Sandler reissued a "neutral" rating and set a $10.00 price target (down from $11.00) on shares of Savers Value Village in a research report on Friday, November 8th. Loop Capital reduced 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 report on Monday, August 12th. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, Savers Value Village has an average rating of "Hold" and an average target price of $12.00.
View Our Latest Research Report on SVV
Insider Buying and Selling at Savers Value Village
In other Savers Value Village news, COO Jubran N. Tanious sold 7,889 shares of Savers Value Village stock in a transaction on Tuesday, November 12th. The shares were 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 SEC, which is available through this hyperlink. Company insiders own 2.38% of the company's stock.
Savers Value Village Stock Up 4.3 %
Shares of NYSE:SVV traded up $0.41 during midday trading on Monday, reaching $10.00. 500,581 shares of the company were exchanged, compared to its average volume of 733,306. Savers Value Village, Inc. has a fifty-two week low of $7.78 and a fifty-two week high of $21.33. The company has a quick ratio of 0.86, a current ratio of 1.04 and a debt-to-equity ratio of 1.70. The stock has a fifty day simple moving average of $9.87 and a two-hundred day simple moving average of $10.54. The firm has a market cap of $1.60 billion, a PE ratio of 21.54 and a beta of 1.41.
About Savers Value Village
(
Free Report)
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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