SG Capital Management LLC Makes New Investment in Savers Value Village, Inc. $SVV

SG Capital Management LLC acquired a new stake in shares of Savers Value Village, Inc. (NYSE:SVV) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 290,088 shares of the company’s stock, valued at approximately $3,844,000. SG Capital Management LLC owned 0.19% of Savers Value Village at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of SVV. Divisadero Street Capital Management LP purchased a new stake in shares of Savers Value Village in the 2nd quarter worth approximately $16,038,000. Dynamic Technology Lab Private Ltd bought a new stake in Savers Value Village in the second quarter worth $304,000. TD Asset Management Inc grew its stake in shares of Savers Value Village by 61.7% in the second quarter. TD Asset Management Inc now owns 204,654 shares of the company’s stock worth $2,087,000 after acquiring an additional 78,070 shares during the last quarter. CWM LLC increased its holdings in shares of Savers Value Village by 1,382.9% during the second quarter. CWM LLC now owns 15,333 shares of the company’s stock valued at $156,000 after acquiring an additional 14,299 shares in the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH increased its holdings in shares of Savers Value Village by 54.2% during the second quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 571,961 shares of the company’s stock valued at $5,834,000 after acquiring an additional 200,985 shares in the last quarter. 98.78% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, COO Jubran N. Tanious sold 57,706 shares of Savers Value Village stock in a transaction on Thursday, December 18th. The stock was sold at an average price of $9.21, for a total value of $531,472.26. Following the completion of the sale, the chief operating officer owned 99,712 shares of the company’s stock, valued at $918,347.52. The trade was a 36.66% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 3.09% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the stock. UBS Group reiterated a “buy” rating on shares of Savers Value Village in a research note on Wednesday. Weiss Ratings reiterated a “sell (d)” rating on shares of Savers Value Village in a research note on Monday, December 29th. Wall Street Zen downgraded shares of Savers Value Village from a “buy” rating to a “hold” rating in a research report on Saturday, November 8th. Finally, Craig Hallum began coverage on shares of Savers Value Village in a report on Monday, January 26th. They issued a “buy” rating and a $19.00 price objective for the company. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $14.43.

Savers Value Village Trading Down 2.3%

Shares of SVV stock opened at $10.65 on Thursday. Savers Value Village, Inc. has a 12-month low of $6.48 and a 12-month high of $13.89. The company has a current ratio of 0.81, a quick ratio of 0.61 and a debt-to-equity ratio of 1.76. The firm’s 50 day moving average is $10.18 and its 200 day moving average is $10.87. The stock has a market capitalization of $1.66 billion, a P/E ratio of -1,063.44 and a beta of 0.97.

About Savers Value Village

Savers Value Village, Inc (NYSE: SVV) is a publicly traded thrift retailer that operates a network of donation-based retail stores. Headquartered in Bellevue, Washington, the company specializes in selling second-hand apparel, footwear, household items, accessories and other pre-owned goods. Through its retail stores, SVV offers value-conscious shoppers the opportunity to purchase quality, gently used merchandise at affordable prices.

At the heart of the company’s model is a partnership network with more than 500 nonprofit organizations across North America.