Bank of America Corp DE Decreases Position in Savers Value Village, Inc. (NYSE:SVV)

Bank of America Corp DE decreased its stake in shares of Savers Value Village, Inc. (NYSE:SVV - Free Report) by 54.9% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 93,441 shares of the company's stock after selling 113,649 shares during the quarter. Bank of America Corp DE owned about 0.06% of Savers Value Village worth $958,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also bought and sold shares of the company. BNP Paribas Financial Markets acquired a new position in Savers Value Village during the 4th quarter valued at about $36,000. KLP Kapitalforvaltning AS bought a new position in shares of Savers Value Village in the fourth quarter worth $57,000. Wells Fargo & Company MN raised its position in shares of Savers Value Village by 51.7% during the 4th quarter. Wells Fargo & Company MN now owns 10,931 shares of the company's stock valued at $112,000 after buying an additional 3,725 shares in the last quarter. AlphaQuest LLC bought a new stake in shares of Savers Value Village during the 4th quarter worth $113,000. Finally, Susquehanna Fundamental Investments LLC purchased a new position in Savers Value Village in the fourth quarter worth $114,000. 98.78% of the stock is currently owned by institutional investors and hedge funds.

Savers Value Village Trading Up 2.9%

NYSE:SVV traded up $0.30 during midday trading on Monday, reaching $10.62. 20,458 shares of the stock traded hands, compared to its average volume of 776,945. The stock has a market capitalization of $1.65 billion, a P/E ratio of 58.89 and a beta of 0.99. The company has a debt-to-equity ratio of 1.70, a quick ratio of 0.86 and a current ratio of 1.04. The company has a fifty day moving average of $9.56 and a 200 day moving average of $9.49. Savers Value Village, Inc. has a 12 month low of $6.48 and a 12 month high of $13.62.

Insider Buying and Selling at Savers Value Village

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

Analysts Set New Price Targets

Several brokerages have issued reports on SVV. Piper Sandler lifted their price target on Savers Value Village from $10.00 to $11.00 and gave the stock a "neutral" rating in a research note on Friday, May 2nd. The Goldman Sachs Group upped their target price on Savers Value Village from $9.00 to $10.00 and gave the stock a "neutral" rating in a research note on Friday, May 2nd. UBS Group decreased their price target on shares of Savers Value Village from $14.00 to $13.00 and set a "buy" rating on the stock in a research note on Friday, February 21st. JPMorgan Chase & Co. reduced their target price on shares of Savers Value Village from $10.00 to $9.00 and set a "neutral" rating on the stock in a report on Friday, February 21st. Finally, William Blair began coverage on shares of Savers Value Village in a research report on Friday, April 4th. They issued an "outperform" rating on the stock. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $11.83.

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.