Maverick Capital Ltd. Purchases 21,743 Shares of Savers Value Village, Inc. $SVV

Key Points

• Maverick Capital Ltd. increased its stake in Savers Value Village, Inc. by 79.5%, acquiring an additional 21,743 shares during the 1st quarter, bringing its total holdings to 49,092 shares valued at approximately $339,000.
• Several hedge funds notably increased their positions in Savers Value Village, with Baillie Gifford & Co. boosting its holdings by 76.4% and T. Rowe Price by 19.6% in the same period.
• An average analyst rating for Savers Value Village is a "Moderate Buy,” with a consensus target price set at $12.20, supported by various brokerages raising their price targets recently.

Maverick Capital Ltd. increased its holdings in Savers Value Village, Inc. (NYSE:SVV - Free Report) by 79.5% in the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 49,092 shares of the company's stock after purchasing an additional 21,743 shares during the period. Maverick Capital Ltd.'s holdings in Savers Value Village were worth $339,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in the business. BNP Paribas Financial Markets bought a new position in Savers Value Village during the 4th quarter worth approximately $36,000. GAMMA Investing LLC grew 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 worth $41,000 after acquiring an additional 4,671 shares during the last quarter. Versant Capital Management Inc bought a new position in Savers Value Village during the 1st quarter worth approximately $51,000. Walleye Capital LLC bought a new position in Savers Value Village during the 1st quarter worth approximately $74,000. Finally, Wexford Capital LP purchased a new stake in Savers Value Village in the 4th quarter worth approximately $106,000. Hedge funds and other institutional investors own 98.78% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have commented on SVV shares. Wall Street Zen upgraded shares of Savers Value Village from a "hold" rating to a "buy" rating in a report on Saturday, August 2nd. Northland Securities assumed coverage on Savers Value Village in a research report on Tuesday, June 10th. They set an "outperform" rating and a $15.00 price target on the stock. JPMorgan Chase & Co. increased their price objective on Savers Value Village from $9.00 to $11.00 and gave the stock a "neutral" rating in a report on Monday, July 28th. Piper Sandler raised their price objective on Savers Value Village from $11.00 to $12.00 and gave the company a "neutral" rating in a research report on Friday, August 1st. Finally, Northland Capmk raised Savers Value Village to a "strong-buy" rating in a research report on Tuesday, June 10th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $12.20.

Savers Value Village Stock Down 1.4%

NYSE:SVV traded down $0.18 on Friday, reaching $12.56. 1,678,023 shares of the stock traded hands, compared to its average volume of 1,118,962. The company has a market capitalization of $1.95 billion, a price-to-earnings ratio of 59.80 and a beta of 1.02. The company has a current ratio of 0.69, a quick ratio of 0.51 and a debt-to-equity ratio of 1.65. Savers Value Village, Inc. has a 12 month low of $6.48 and a 12 month high of $13.03. The company's fifty day simple moving average is $11.00 and its 200 day simple moving average is $9.71.

Savers Value Village (NYSE:SVV - Get Free Report) last posted its quarterly earnings results on Thursday, July 31st. The company reported $0.14 earnings per share for the quarter, topping the consensus estimate of $0.12 by $0.02. Savers Value Village had a return on equity of 8.85% and a net margin of 2.14%.The firm had revenue of $417.21 million during the quarter, compared to analysts' expectations of $405.75 million. During the same quarter in the previous year, the business earned $0.14 earnings per share. The company's revenue was up 7.9% on a year-over-year basis. Savers Value Village has set its FY 2025 guidance at 0.410-0.480 EPS. Equities analysts predict that Savers Value Village, Inc. will post 0.28 EPS for the current fiscal year.

Insider Activity at Savers Value Village

In other news, insider Melinda L. Geisser sold 7,824 shares of the company's stock in a transaction dated Monday, August 4th. The stock was sold at an average price of $11.48, for a total value of $89,819.52. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, General Counsel Richard A. Medway sold 15,000 shares of the company's stock in a transaction dated Monday, August 4th. The stock was sold at an average price of $11.48, for a total value of $172,200.00. The disclosure for this sale can be found here. Insiders have sold 168,610 shares of company stock valued at $1,920,781 in the last 90 days. 3.09% of the stock is owned by company insiders.

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.