Geode Capital Management LLC Buys 50,051 Shares of Savers Value Village, Inc. (NYSE:SVV)

Geode Capital Management LLC raised its stake in Savers Value Village, Inc. (NYSE:SVV - Free Report) by 10.2% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 542,999 shares of the company's stock after acquiring an additional 50,051 shares during the quarter. Geode Capital Management LLC owned about 0.34% of Savers Value Village worth $5,714,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of SVV. FMR LLC raised its position in shares of Savers Value Village by 30.8% during the third quarter. FMR LLC now owns 3,437,895 shares of the company's stock worth $36,167,000 after acquiring an additional 808,867 shares during the last quarter. Makaira Partners LLC bought a new stake in Savers Value Village during the 2nd quarter worth about $27,418,000. Thrivent Financial for Lutherans lifted its position in Savers Value Village by 329.5% during the 2nd quarter. Thrivent Financial for Lutherans now owns 2,068,621 shares of the company's stock valued at $25,320,000 after purchasing an additional 1,586,964 shares during the period. The Manufacturers Life Insurance Company boosted its stake in shares of Savers Value Village by 34.3% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 1,883,269 shares of the company's stock valued at $23,051,000 after purchasing an additional 481,423 shares during the last quarter. Finally, Baillie Gifford & Co. boosted its stake in shares of Savers Value Village by 34.8% in the 3rd quarter. Baillie Gifford & Co. now owns 550,634 shares of the company's stock valued at $5,793,000 after purchasing an additional 142,101 shares during the last quarter. 98.78% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Separately, Piper Sandler reaffirmed a "neutral" rating and set a $10.00 price objective (down from $11.00) on shares of Savers Value Village in a research note on Friday, November 8th. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $12.00.

Savers Value Village Stock Down 2.2 %

Savers Value Village stock traded down $0.23 during midday trading on Friday, reaching $10.03. The stock had a trading volume of 373,760 shares, compared to its average volume of 365,780. The firm's fifty day simple moving average is $9.88 and its 200-day simple moving average is $10.16. The company has a debt-to-equity ratio of 1.70, a quick ratio of 0.86 and a current ratio of 1.04. The stock has a market capitalization of $1.60 billion, a P/E ratio of 21.80 and a beta of 1.04. Savers Value Village, Inc. has a 1-year low of $7.78 and a 1-year high of $21.33.

Insider Activity at Savers Value Village

In related news, COO Jubran N. Tanious sold 7,889 shares of the stock in a transaction that occurred on Tuesday, November 12th. The stock was sold at an average price of $10.31, for a total transaction of $81,335.59. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 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.