Savers Value Village, Inc. (NYSE:SVV) Stake Boosted by Baillie Gifford & Co.

Key Points

• Baillie Gifford & Co. has significantly increased its stake in Savers Value Village, raising its holdings by 76.4% to approximately 6.5 million shares, valued at nearly $45 million.
• Several other institutional investors also increased their stakes, with notable increases from T. Rowe Price and Vanguard Group, meaning institutional ownership now accounts for 98.78% of the stock.
• Research analysts are optimistic about the company's future, with multiple firms issuing "buy" and "outperform" ratings, and a consensus price target of $12.29 for Savers Value Village stock.

Baillie Gifford & Co. raised its holdings in shares of Savers Value Village, Inc. (NYSE:SVV - Free Report) by 76.4% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 6,509,978 shares of the company's stock after purchasing an additional 2,820,500 shares during the quarter. Baillie Gifford & Co. owned approximately 4.12% of Savers Value Village worth $44,919,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the business. Nuveen Asset Management LLC grew its holdings in shares of Savers Value Village by 56.8% in the fourth quarter. Nuveen Asset Management LLC now owns 107,270 shares of the company's stock worth $1,100,000 after purchasing an additional 38,856 shares during the last quarter. GAMMA Investing LLC increased its position in Savers Value Village by 386.7% during the 1st quarter. GAMMA Investing LLC now owns 5,879 shares of the company's stock valued at $41,000 after purchasing an additional 4,671 shares during the period. Dimensional Fund Advisors LP purchased a new position in Savers Value Village during the 4th quarter valued at $767,000. Vanguard Group Inc. increased its position in Savers Value Village by 3.0% during the 4th quarter. Vanguard Group Inc. now owns 2,382,647 shares of the company's stock valued at $24,422,000 after purchasing an additional 68,316 shares during the period. Finally, Ameriprise Financial Inc. bought a new stake in shares of Savers Value Village during the 4th quarter valued at $11,324,000. 98.78% of the stock is owned by hedge funds and other institutional investors.

Savers Value Village Stock Performance

Savers Value Village stock traded down $0.03 during mid-day trading on Wednesday, reaching $9.92. 165,543 shares of the company were exchanged, compared to its average volume of 787,487. The company has a debt-to-equity ratio of 1.69, a quick ratio of 0.57 and a current ratio of 0.74. The firm's 50-day simple moving average is $10.32 and its two-hundred day simple moving average is $9.63. The firm has a market cap of $1.54 billion, a PE ratio of 66.27 and a beta of 0.99. Savers Value Village, Inc. has a twelve month low of $6.48 and a twelve month high of $11.89.

Insiders Place Their Bets

In other news, General Counsel Richard A. Medway sold 17,619 shares of Savers Value Village stock in a transaction on Thursday, July 3rd. The stock was sold at an average price of $10.65, for a total value of $187,642.35. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Mark T. Walsh sold 40,000 shares of the business's stock in a transaction dated Thursday, May 15th. The shares were 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 90 days, insiders sold 129,341 shares of company stock valued at $1,326,573. Corporate insiders own 3.09% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the company. JPMorgan Chase & Co. boosted their target price on Savers Value Village from $9.00 to $11.00 and gave the stock a "neutral" rating in a research report on Monday. Northland Capmk raised shares of Savers Value Village to a "strong-buy" rating in a report on Tuesday, June 10th. Northland Securities began coverage on shares of Savers Value Village in a report on Tuesday, June 10th. They set an "outperform" rating and a $15.00 price objective for the company. Piper Sandler raised their target price on shares of Savers Value Village from $10.00 to $11.00 and gave the company a "neutral" rating in a report on Friday, May 2nd. Finally, The Goldman Sachs Group raised their target price on shares of Savers Value Village from $9.00 to $10.00 and gave the company a "neutral" rating in a report on Friday, May 2nd. Three research analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $12.57.

Savers Value Village Company 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.