T. Rowe Price Investment Management Inc. Has $61.19 Million Stock Position in Savers Value Village, Inc. (NYSE:SVV)

T. Rowe Price Investment Management Inc. lifted its position in Savers Value Village, Inc. (NYSE:SVV - Free Report) by 49.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,969,900 shares of the company's stock after buying an additional 1,970,894 shares during the quarter. T. Rowe Price Investment Management Inc. owned about 3.73% of Savers Value Village worth $61,192,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. KLP Kapitalforvaltning AS acquired a new stake in Savers Value Village in the fourth quarter valued at $57,000. Wells Fargo & Company MN lifted its stake in Savers Value Village by 51.7% in the 4th quarter. Wells Fargo & Company MN now owns 10,931 shares of the company's stock valued at $112,000 after purchasing an additional 3,725 shares during the last quarter. AlphaQuest LLC bought a new position in Savers Value Village during the fourth quarter worth about $113,000. Handelsbanken Fonder AB bought a new position in Savers Value Village during the fourth quarter worth about $138,000. Finally, American Century Companies Inc. increased its position in Savers Value Village by 15.6% during the fourth quarter. American Century Companies Inc. now owns 15,410 shares of the company's stock worth $158,000 after buying an additional 2,085 shares during the last quarter. 98.78% of the stock is currently owned by institutional investors and hedge funds.

Savers Value Village Stock Performance

Shares of SVV traded up $0.14 during midday trading on Monday, reaching $9.54. 599,448 shares of the stock were exchanged, compared to its average volume of 758,775. The stock's 50 day simple moving average is $7.87 and its 200 day simple moving average is $9.42. The company has a market cap of $1.51 billion, a P/E ratio of 53.00 and a beta of 1.24. Savers Value Village, Inc. has a twelve month low of $6.48 and a twelve month high of $17.50. The company has a quick ratio of 0.86, a current ratio of 1.04 and a debt-to-equity ratio of 1.70.

Savers Value Village (NYSE:SVV - Get Free Report) last issued its quarterly earnings data on Thursday, February 20th. The company reported $0.05 earnings per share for the quarter, missing the consensus estimate of $0.09 by ($0.04). The business had revenue of $401.99 million during 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%. On average, sell-side analysts expect that Savers Value Village, Inc. will post 0.28 earnings per share for the current year.

Insider Buying and Selling

In other news, insider T. Charles Hunsinger acquired 6,000 shares of the business's stock in a transaction that occurred on Friday, March 7th. The stock was acquired at an average price of $7.25 per share, with a total value of $43,500.00. Following the completion of the transaction, the insider now directly owns 14,100 shares of the company's stock, valued at $102,225. This trade represents a 74.07 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 2.38% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of research firms have recently issued reports on SVV. William Blair initiated coverage on Savers Value Village in a research report on Friday, April 4th. They issued an "outperform" rating for the company. The Goldman Sachs Group set a $9.00 price target on Savers Value Village in a report on Tuesday, April 22nd. UBS Group decreased their price objective 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. Piper Sandler cut their target price on shares of Savers Value Village from $11.00 to $10.00 and set a "neutral" rating for the company in a research note on Monday, February 24th. Finally, JPMorgan Chase & Co. reduced their target price on shares of Savers Value Village from $10.00 to $9.00 and set a "neutral" rating for the company in a report on Friday, February 21st. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat.com, Savers Value Village presently has an average rating of "Moderate Buy" and a consensus target price of $11.50.

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.