Ameriprise Financial Inc. Takes $11.32 Million Position in Savers Value Village, Inc. (NYSE:SVV)

Ameriprise Financial Inc. bought a new stake in Savers Value Village, Inc. (NYSE:SVV - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 1,104,735 shares of the company's stock, valued at approximately $11,324,000. Ameriprise Financial Inc. owned approximately 0.69% of Savers Value Village at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the stock. T. Rowe Price Investment Management Inc. increased its position in shares of Savers Value Village by 49.3% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 5,969,900 shares of the company's stock worth $61,192,000 after purchasing an additional 1,970,894 shares in the last quarter. Baillie Gifford & Co. boosted its holdings in shares of Savers Value Village by 570.0% in the fourth quarter. Baillie Gifford & Co. now owns 3,689,478 shares of the company's stock valued at $37,817,000 after acquiring an additional 3,138,844 shares during the period. Vanguard Group Inc. grew its position in shares of Savers Value Village by 3.0% during the fourth quarter. Vanguard Group Inc. now owns 2,382,647 shares of the company's stock worth $24,422,000 after acquiring an additional 68,316 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of Savers Value Village by 2.2% in the 4th quarter. Geode Capital Management LLC now owns 554,854 shares of the company's stock valued at $5,689,000 after acquiring an additional 11,855 shares during the period. Finally, Marshall Wace LLP grew its position in Savers Value Village by 1,328.7% during the 4th quarter. Marshall Wace LLP now owns 541,103 shares of the company's stock worth $5,546,000 after purchasing an additional 503,230 shares during the last quarter. 98.78% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

SVV has been the topic of several recent research reports. UBS Group dropped their price target on Savers Value Village from $14.00 to $13.00 and set a "buy" rating on the stock in a research report on Friday, February 21st. The Goldman Sachs Group lifted their price objective on shares of Savers Value Village from $9.00 to $10.00 and gave the company a "neutral" rating in a research report on Friday, May 2nd. JPMorgan Chase & Co. cut their price objective on shares of Savers Value Village from $10.00 to $9.00 and set a "neutral" rating for the company in a research report on Friday, February 21st. William Blair started coverage on shares of Savers Value Village in a research note on Friday, April 4th. They issued an "outperform" rating for the company. Finally, Piper Sandler boosted their price target on shares of Savers Value Village from $10.00 to $11.00 and gave the stock a "neutral" rating in a research note on Friday, May 2nd. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, Savers Value Village presently has a consensus rating of "Moderate Buy" and a consensus price target of $11.83.

Insider Buying and Selling at Savers Value Village

In other news, insider T. Charles Hunsinger purchased 6,000 shares of the stock in a transaction that occurred on Friday, March 7th. The shares were acquired at an average price of $7.25 per share, for a total transaction of $43,500.00. Following the acquisition, the insider now directly owns 14,100 shares in the company, valued at approximately $102,225. The trade was a 74.07% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Mark T. Walsh sold 40,000 shares of Savers Value Village stock in a transaction on Thursday, May 15th. The stock was sold at an average price of $8.86, for a total value of $354,400.00. The disclosure for this sale can be found here. Over the last three months, insiders sold 57,094 shares of company stock valued at $550,834. Corporate insiders own 2.38% of the company's stock.

Savers Value Village Price Performance

Shares of NYSE:SVV traded down $0.02 on Friday, reaching $9.87. 694,489 shares of the company were exchanged, compared to its average volume of 777,179. The company has a 50-day moving average of $8.91 and a 200-day moving average of $9.44. The company has a current ratio of 1.04, a quick ratio of 0.86 and a debt-to-equity ratio of 1.70. The firm has a market cap of $1.53 billion, a price-to-earnings ratio of 54.86 and a beta of 0.95. Savers Value Village, Inc. has a 1-year low of $6.48 and a 1-year high of $14.28.

Savers Value Village (NYSE:SVV - Get Free Report) last released its quarterly earnings data on Thursday, February 20th. The company reported $0.05 EPS for the quarter, missing analysts' consensus estimates of $0.09 by ($0.04). Savers Value Village had a return on equity of 8.74% and a net margin of 1.89%. The company had revenue of $401.99 million for the quarter, compared to analysts' expectations of $402.00 million. Equities analysts forecast that Savers Value Village, Inc. will post 0.28 earnings per share for the current fiscal year.

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.