Bank of America Corp DE Sells 113,649 Shares of Savers Value Village, Inc. (NYSE:SVV)

Bank of America Corp DE lowered its stake in shares of Savers Value Village, Inc. (NYSE:SVV - Free Report) by 54.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 93,441 shares of the company's stock after selling 113,649 shares during the period. Bank of America Corp DE owned approximately 0.06% of Savers Value Village worth $958,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Baillie Gifford & Co. increased its stake in Savers Value Village by 570.0% during the 4th quarter. Baillie Gifford & Co. now owns 3,689,478 shares of the company's stock worth $37,817,000 after buying an additional 3,138,844 shares during the period. T. Rowe Price Investment Management Inc. grew its holdings in Savers Value Village by 49.3% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 5,969,900 shares of the company's stock worth $61,192,000 after acquiring an additional 1,970,894 shares in the last quarter. Ameriprise Financial Inc. acquired a new position in Savers Value Village during the 4th quarter worth $11,324,000. Marshall Wace LLP grew its holdings 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 acquiring an additional 503,230 shares in the last quarter. Finally, Primecap Management Co. CA grew its holdings in Savers Value Village by 662.1% during the 4th quarter. Primecap Management Co. CA now owns 471,750 shares of the company's stock worth $4,835,000 after acquiring an additional 409,850 shares in the last quarter. Hedge funds and other institutional investors own 98.78% of the company's stock.

Insiders Place Their Bets

In related news, General Counsel Richard A. Medway sold 16,490 shares of the business's stock in a transaction that occurred on Thursday, May 8th. The shares were sold at an average price of $11.49, for a total value of $189,470.10. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Mark T. Walsh sold 40,000 shares of the business's stock in a transaction that occurred on Thursday, May 15th. The shares were sold at an average price of $8.86, for a total transaction of $354,400.00. The disclosure for this sale can be found here. In the last three months, insiders have sold 57,094 shares of company stock worth $550,834. 2.38% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

SVV has been the subject of several recent analyst reports. Northland Capmk raised shares of Savers Value Village to a "strong-buy" rating in a report on Tuesday. UBS Group decreased their price target on shares of Savers Value Village from $14.00 to $13.00 and set a "buy" rating for the company in a report on Friday, February 21st. Piper Sandler lifted their price target 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. Northland Securities initiated coverage on shares of Savers Value Village in a report on Tuesday. They issued an "outperform" rating and a $15.00 price target for the company. Finally, JPMorgan Chase & Co. decreased their price target on shares of Savers Value Village from $10.00 to $9.00 and set a "neutral" rating for the company in a report on Friday, February 21st. Three investment analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $12.29.

Savers Value Village Price Performance

Shares of SVV stock traded down $0.17 during midday trading on Wednesday, reaching $10.81. 350,339 shares of the company were exchanged, compared to its average volume of 777,510. Savers Value Village, Inc. has a 12 month low of $6.48 and a 12 month high of $13.62. The company has a market cap of $1.68 billion, a P/E ratio of 60.08 and a beta of 0.99. The company's 50 day moving average price is $9.77 and its two-hundred day moving average price is $9.52. The company has a debt-to-equity ratio of 1.70, a quick ratio of 0.86 and a current ratio of 1.04.

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.