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

Nuveen Asset Management LLC raised its stake in shares of Savers Value Village, Inc. (NYSE:SVV - Free Report) by 56.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 107,270 shares of the company's stock after purchasing an additional 38,856 shares during the quarter. Nuveen Asset Management LLC owned 0.07% of Savers Value Village worth $1,100,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also modified their holdings of SVV. Baillie Gifford & Co. raised its position in Savers Value Village by 570.0% in 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. T. Rowe Price Investment Management Inc. boosted its stake in shares of 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 worth $61,192,000 after buying an additional 1,970,894 shares during the last quarter. Ameriprise Financial Inc. acquired a new position in shares of Savers Value Village during the 4th quarter worth about $11,324,000. Marshall Wace LLP raised its holdings in shares of Savers Value Village by 1,328.7% in the 4th 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 during the period. Finally, Primecap Management Co. CA raised its holdings in shares of Savers Value Village by 662.1% in the 4th quarter. Primecap Management Co. CA now owns 471,750 shares of the company's stock valued at $4,835,000 after purchasing an additional 409,850 shares during the period. 98.78% of the stock is owned by institutional investors and hedge funds.

Savers Value Village Trading Down 0.3%

Shares of NYSE:SVV traded down $0.04 on Friday, hitting $10.34. The company had a trading volume of 623,879 shares, compared to its average volume of 779,932. Savers Value Village, Inc. has a 1 year low of $6.48 and a 1 year high of $13.62. The firm has a market capitalization of $1.60 billion, a price-to-earnings ratio of 57.42 and a beta of 0.99. The firm's 50-day simple moving average is $9.56 and its two-hundred day simple moving average is $9.49. The company has a quick ratio of 0.86, a current ratio of 1.04 and a debt-to-equity ratio of 1.70.

Insider Buying and Selling

In related news, CEO Mark T. Walsh sold 40,000 shares of the firm's stock in a transaction dated Thursday, May 15th. The shares were sold at an average price of $8.86, for a total value of $354,400.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 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 valued at $550,834. 2.38% of the stock is owned by insiders.

Analyst Ratings Changes

SVV has been the topic of several recent research reports. The Goldman Sachs Group raised their target price on shares of Savers Value Village from $9.00 to $10.00 and gave the stock a "neutral" rating in a report on Friday, May 2nd. UBS Group decreased their price objective on 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. William Blair started coverage on shares of Savers Value Village in a research note on Friday, April 4th. They set an "outperform" rating for the company. Finally, JPMorgan Chase & Co. reduced their price objective on Savers Value Village from $10.00 to $9.00 and set a "neutral" rating for the company in a research note on Friday, February 21st. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently 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.