Nuveen Asset Management LLC Boosts Holdings in Savers Value Village, Inc. (NYSE:SVV)

Nuveen Asset Management LLC raised its position in Savers Value Village, Inc. (NYSE:SVV - Free Report) by 56.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 107,270 shares of the company's stock after buying an additional 38,856 shares during the period. Nuveen Asset Management LLC owned about 0.07% of Savers Value Village worth $1,100,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of SVV. T. Rowe Price Investment Management Inc. grew its stake 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 valued at $61,192,000 after acquiring an additional 1,970,894 shares in the last quarter. Baillie Gifford & Co. boosted its holdings in shares of 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 purchasing an additional 3,138,844 shares during the last quarter. Vanguard Group Inc. grew its position in shares of Savers Value Village by 3.0% in the fourth quarter. Vanguard Group Inc. now owns 2,382,647 shares of the company's stock valued at $24,422,000 after purchasing an additional 68,316 shares in the last quarter. Ameriprise Financial Inc. acquired a new stake in shares of Savers Value Village in the fourth quarter valued at approximately $11,324,000. Finally, Geode Capital Management LLC lifted its position in 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 in the last quarter. 98.78% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Savers Value Village

In other Savers Value Village 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 stock was sold at an average price of $11.49, for a total value of $189,470.10. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, 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 disclosure for this sale can be found here. Insiders have sold 57,094 shares of company stock valued at $550,834 over the last 90 days. 2.38% of the stock is owned by insiders.

Savers Value Village Trading Down 0.3%

Shares of NYSE:SVV traded down $0.04 during midday trading on Friday, reaching $10.34. 623,879 shares of the company's stock were exchanged, compared to its average volume of 776,324. The stock has a market cap of $1.60 billion, a price-to-earnings ratio of 57.42 and a beta of 0.95. Savers Value Village, Inc. has a fifty-two week low of $6.48 and a fifty-two week high of $13.83. The firm's 50 day simple moving average is $9.49 and its two-hundred day simple moving average is $9.47. The company has a debt-to-equity ratio of 1.70, a current ratio of 1.04 and a quick ratio of 0.86.

Wall Street Analysts Forecast Growth

SVV has been the subject of several analyst reports. JPMorgan Chase & Co. dropped their target price on Savers Value Village from $10.00 to $9.00 and set a "neutral" rating for the company in a report on Friday, February 21st. 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 report on Friday, May 2nd. UBS Group dropped their price objective 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 target price on shares of Savers Value Village from $10.00 to $11.00 and gave the stock a "neutral" rating in a research note on Friday, May 2nd. Finally, William Blair assumed coverage on shares of Savers Value Village in a 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 stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $11.83.

Savers Value Village 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.