Homestead Advisers Corp Increases Holdings in Savers Value Village, Inc. (NYSE:SVV)

Homestead Advisers Corp lifted its position in shares of Savers Value Village, Inc. (NYSE:SVV - Free Report) by 25.4% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 187,106 shares of the company's stock after buying an additional 37,906 shares during the period. Homestead Advisers Corp owned approximately 0.12% of Savers Value Village worth $1,291,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. T. Rowe Price Investment Management Inc. boosted its stake in Savers Value Village by 49.3% in 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 purchasing an additional 1,970,894 shares during the period. Vanguard Group Inc. boosted its position in shares of 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 acquiring an additional 68,316 shares in the last quarter. Ameriprise Financial Inc. bought a new stake in shares of Savers Value Village during the fourth quarter valued at approximately $11,324,000. Geode Capital Management LLC raised its stake in shares of Savers Value Village by 2.2% during the fourth quarter. Geode Capital Management LLC now owns 554,854 shares of the company's stock worth $5,689,000 after buying an additional 11,855 shares during the last quarter. Finally, Marshall Wace LLP increased its stake in Savers Value Village by 1,328.7% in the fourth quarter. Marshall Wace LLP now owns 541,103 shares of the company's stock valued at $5,546,000 after purchasing an additional 503,230 shares in the last quarter. 98.78% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the stock. Northland Securities started coverage on shares of Savers Value Village in a report on Tuesday, June 10th. They set an "outperform" rating and a $15.00 price target on the stock. Piper Sandler raised their target price 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 began coverage on shares of Savers Value Village in a report on Friday, April 4th. They set an "outperform" rating on the stock. The Goldman Sachs Group upped their price objective on shares of Savers Value Village from $9.00 to $10.00 and gave the stock a "neutral" rating in a research note on Friday, May 2nd. Finally, Northland Capmk upgraded Savers Value Village to a "strong-buy" rating in a report on Tuesday, June 10th. Three research analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $12.29.

Insider Buying and Selling at Savers Value Village

In related news, General Counsel Richard A. Medway sold 17,619 shares of the firm's stock in a transaction on Thursday, July 3rd. The stock was sold at an average price of $10.65, for a total transaction of $187,642.35. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Mark T. Walsh sold 40,000 shares of the company'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 value of $354,400.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 122,713 shares of company stock worth $1,256,877. 3.09% of the stock is currently owned by insiders.

Savers Value Village Stock Up 3.1%

Shares of SVV traded up $0.32 during trading on Tuesday, reaching $10.35. The company's stock had a trading volume of 146,722 shares, compared to its average volume of 752,492. The company has a quick ratio of 0.57, a current ratio of 0.74 and a debt-to-equity ratio of 1.69. The company has a market cap of $1.61 billion, a price-to-earnings ratio of 68.97 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. The company has a fifty day moving average of $10.30 and a two-hundred day moving average of $9.60.

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.

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