Ameriprise Financial Inc. Makes New $11.32 Million Investment in Savers Value Village, Inc. (NYSE:SVV)

Ameriprise Financial Inc. purchased a new position in shares of Savers Value Village, Inc. (NYSE:SVV - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 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 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the company. KLP Kapitalforvaltning AS acquired a new stake in Savers Value Village during the fourth quarter worth approximately $57,000. Wells Fargo & Company MN raised its stake in shares of Savers Value Village by 51.7% during the fourth quarter. Wells Fargo & Company MN now owns 10,931 shares of the company's stock worth $112,000 after purchasing an additional 3,725 shares during the last quarter. AlphaQuest LLC purchased a new stake in shares of Savers Value Village in the fourth quarter valued at about $113,000. Susquehanna Fundamental Investments LLC purchased a new position in Savers Value Village during the fourth quarter worth about $114,000. Finally, Handelsbanken Fonder AB acquired a new stake in shares of Savers Value Village in the 4th quarter valued at approximately $138,000. 98.78% of the stock is owned by hedge funds and other institutional investors.

Savers Value Village Stock Performance

Shares of SVV traded up $0.30 during mid-day trading on Thursday, hitting $9.92. The stock had a trading volume of 1,224,191 shares, compared to its average volume of 780,877. The company has a market cap of $1.56 billion, a PE ratio of 55.10 and a beta of 0.95. The company's fifty day simple moving average is $8.79 and its two-hundred day simple moving average is $9.46. 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, Inc. has a fifty-two week low of $6.48 and a fifty-two week high of $14.28.

Savers Value Village (NYSE:SVV - Get Free Report) last issued its earnings results 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 net margin of 1.89% and a return on equity of 8.74%. The company had revenue of $401.99 million during the quarter, compared to analyst estimates of $402.00 million. On average, equities analysts expect that Savers Value Village, Inc. will post 0.28 earnings per share for the current year.

Analyst Ratings Changes

SVV has been the subject of several recent analyst reports. UBS Group reduced their price objective on shares of Savers Value Village from $14.00 to $13.00 and set a "buy" rating for the company in a research note on Friday, February 21st. The Goldman Sachs Group upped 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 note on Friday, May 2nd. Piper Sandler increased their price objective 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, May 2nd. William Blair assumed coverage on Savers Value Village in a research report on Friday, April 4th. They set an "outperform" rating on the stock. Finally, JPMorgan Chase & Co. decreased 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. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $11.83.

Insider Activity

In other news, 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 transaction of $354,400.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider T. Charles Hunsinger purchased 6,000 shares of the business's stock in a transaction on Friday, March 7th. The stock was acquired at an average cost of $7.25 per share, with a total value of $43,500.00. Following the completion of the acquisition, the insider now directly owns 14,100 shares in the company, valued at $102,225. The trade was a 74.07% increase in their position. The disclosure for this purchase can be found here. Over the last quarter, insiders sold 57,094 shares of company stock valued at $550,834. 2.38% of the stock is currently owned by company insiders.

About Savers Value Village

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.