EFG International AG bought a new position in Savers Value Village, Inc. (NYSE:SVV – Free Report) in the 2nd quarter, according to its most recent disclosure with the SEC. The firm bought 263,554 shares of the company’s stock, valued at approximately $2,658,000. EFG International AG owned 0.17% of Savers Value Village at the end of the most recent quarter.
Other large investors have also recently modified their holdings of the company. Western Standard LLC bought a new position in shares of Savers Value Village in the 4th quarter worth approximately $1,868,000. Militia Capital Management LLC purchased a new position in shares of Savers Value Village in the 1st quarter valued at approximately $2,858,000. Danica Pension Livsforsikringsaktieselskab bought a new stake in shares of Savers Value Village during the second quarter valued at approximately $1,986,000. Dimensional Fund Advisors LP boosted its position in shares of Savers Value Village by 30.3% during the first quarter. Dimensional Fund Advisors LP now owns 1,864,548 shares of the company’s stock valued at $13,869,000 after purchasing an additional 433,296 shares in the last quarter. Finally, Renaissance Technologies LLC grew its stake in Savers Value Village by 33.4% in the first quarter. Renaissance Technologies LLC now owns 1,044,264 shares of the company’s stock worth $7,769,000 after purchasing an additional 261,563 shares during the period. Institutional investors own 98.78% of the company’s stock.
Savers Value Village Stock Performance
Shares of SVV opened at $10.83 on Thursday. The company has a quick ratio of 0.66, a current ratio of 0.84 and a debt-to-equity ratio of 1.59. The stock has a market cap of $1.67 billion, a P/E ratio of 67.69 and a beta of 1.21. The business’s 50 day moving average price is $10.25 and its 200-day moving average price is $9.26. Savers Value Village, Inc. has a 52 week low of $6.91 and a 52 week high of $13.89.
Analyst Upgrades and Downgrades
A number of equities analysts have issued reports on SVV shares. BTIG Research decreased their price objective on Savers Value Village from $18.00 to $15.00 and set a “buy” rating for the company in a report on Thursday, May 7th. JPMorgan Chase & Co. boosted their target price on shares of Savers Value Village from $11.00 to $14.00 and gave the company a “neutral” rating in a report on Friday, August 7th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Savers Value Village in a research report on Tuesday, August 4th. Piper Sandler upped their target price on shares of Savers Value Village from $10.00 to $11.00 and gave the stock a “neutral” rating in a research report on Friday, August 7th. Finally, Robert W. Baird lowered their price target on shares of Savers Value Village from $13.00 to $12.00 and set an “outperform” rating for the company in a research report on Thursday, May 7th. Four equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $14.00.
Read Our Latest Stock Analysis on SVV
Insider Buying and Selling
In other news, CFO Michael W. Maher sold 49,742 shares of the firm’s stock in a transaction on Friday, August 7th. The stock was sold at an average price of $12.33, for a total transaction of $613,318.86. Following the completion of the transaction, the chief financial officer directly owned 20,163 shares in the company, valued at $248,609.79. This trade represents a 71.16% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Mark T. Walsh sold 92,059 shares of Savers Value Village stock in a transaction dated Tuesday, August 11th. The stock was sold at an average price of $11.93, for a total value of $1,098,263.87. Following the completion of the transaction, the chief executive officer directly owned 47,363 shares of the company’s stock, valued at approximately $565,040.59. This represents a 66.03% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders sold 539,742 shares of company stock valued at $6,242,986. Insiders own 3.46% of the company’s stock.
Savers Value Village Profile
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.
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