Homestead Advisers Corp Buys 37,906 Shares of Savers Value Village, Inc. (NYSE:SVV)

Homestead Advisers Corp increased its stake in Savers Value Village, Inc. (NYSE:SVV - Free Report) by 25.4% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 187,106 shares of the company's stock after acquiring an additional 37,906 shares during the quarter. Homestead Advisers Corp owned 0.12% of Savers Value Village worth $1,291,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the stock. American Century Companies Inc. increased its stake in shares of Savers Value Village by 15.6% in the 4th quarter. American Century Companies Inc. now owns 15,410 shares of the company's stock valued at $158,000 after acquiring an additional 2,085 shares in the last quarter. BNP Paribas Financial Markets bought a new stake in Savers Value Village during the 4th quarter valued at $36,000. Wells Fargo & Company MN increased its stake in 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 purchasing an additional 3,725 shares in the last quarter. Hsbc Holdings PLC increased its stake in Savers Value Village by 12.6% during the 4th quarter. Hsbc Holdings PLC now owns 39,883 shares of the company's stock valued at $410,000 after purchasing an additional 4,454 shares in the last quarter. Finally, GAMMA Investing LLC increased its stake 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 in the last quarter. Institutional investors own 98.78% of the company's stock.

Savers Value Village Stock Down 0.8%

SVV traded down $0.09 during mid-day trading on Friday, reaching $10.19. 121,491 shares of the stock were exchanged, compared to its average volume of 791,361. 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 stock has a market capitalization of $1.58 billion, a PE ratio of 67.90 and a beta of 0.99. The company has a 50 day moving average price of $10.31 and a two-hundred day moving average price of $9.62. Savers Value Village, Inc. has a 1 year low of $6.48 and a 1 year high of $11.89.

Analyst Ratings Changes

A number of brokerages have commented on SVV. Piper Sandler boosted their price target on shares of Savers Value Village from $10.00 to $11.00 and gave the company a "neutral" rating in a research note on Friday, May 2nd. The Goldman Sachs Group boosted their price target 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. Northland Capmk upgraded shares of Savers Value Village to a "strong-buy" rating in a research note on Tuesday, June 10th. William Blair began coverage on shares of Savers Value Village in a research note on Friday, April 4th. They set an "outperform" rating for the company. Finally, Northland Securities began coverage on shares of Savers Value Village in a research note on Tuesday, June 10th. They set an "outperform" rating and a $15.00 price target for the company. Three research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $12.29.

Insider Buying and Selling

In related news, General Counsel Richard A. Medway sold 17,619 shares of the business's stock in a transaction dated Thursday, July 3rd. The shares were 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 SEC, which can be accessed through the SEC website. Also, CEO Mark T. Walsh sold 40,000 shares of the business's stock in a transaction dated Thursday, May 15th. The stock was 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 ninety days, insiders have sold 125,113 shares of company stock valued at $1,282,137. 3.09% of the stock is owned by insiders.

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.