Savers Value Village, Inc. (NYSE:SVV) Position Trimmed by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company reduced its position in Savers Value Village, Inc. (NYSE:SVV - Free Report) by 98.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 35,488 shares of the company's stock after selling 1,841,475 shares during the period. The Manufacturers Life Insurance Company's holdings in Savers Value Village were worth $364,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Baillie Gifford & Co. increased its stake in shares of Savers Value Village by 570.0% in the fourth 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 period. T. Rowe Price Investment Management Inc. increased its holdings in shares of Savers Value Village by 49.3% during the fourth 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 in the last quarter. Marshall Wace LLP grew its holdings in shares of Savers Value Village by 1,328.7% during the fourth quarter. Marshall Wace LLP now owns 541,103 shares of the company's stock worth $5,546,000 after purchasing an additional 503,230 shares during the last quarter. Primecap Management Co. CA raised its stake in shares of Savers Value Village by 662.1% in the fourth quarter. Primecap Management Co. CA now owns 471,750 shares of the company's stock worth $4,835,000 after acquiring an additional 409,850 shares during the last quarter. Finally, Archon Capital Management LLC bought a new position in Savers Value Village in the 4th quarter valued at $3,945,000. Institutional investors own 98.78% of the company's stock.

Savers Value Village Stock Up 4.7%

Shares of NYSE SVV opened at $10.09 on Friday. The business has a 50-day moving average of $8.61 and a 200-day moving average of $9.46. The firm has a market capitalization of $1.59 billion, a price-to-earnings ratio of 56.03 and a beta of 0.95. The company has a current ratio of 1.04, a quick ratio of 0.86 and a debt-to-equity ratio of 1.70. Savers Value Village, Inc. has a 12 month low of $6.48 and a 12 month high of $14.28.

Savers Value Village (NYSE:SVV - Get Free Report) last issued its earnings results on Thursday, February 20th. The company reported $0.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.09 by ($0.04). The firm had revenue of $401.99 million during the quarter, compared to the consensus estimate of $402.00 million. Savers Value Village had a return on equity of 8.74% and a net margin of 1.89%. Sell-side analysts expect that Savers Value Village, Inc. will post 0.28 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the company. 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 research note on Friday, February 21st. JPMorgan Chase & Co. lowered their price objective on shares of Savers Value Village from $10.00 to $9.00 and set a "neutral" rating on the stock in a report on Friday, February 21st. Piper Sandler raised their target price 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. William Blair started coverage on Savers Value Village in a report on Friday, April 4th. They set an "outperform" rating for the company. Finally, The Goldman Sachs Group raised their target price on shares of Savers Value Village from $9.00 to $10.00 and gave the company a "neutral" rating in a report on Friday, May 2nd. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Savers Value Village currently has an average rating of "Moderate Buy" and an average price target of $11.83.

Insider Transactions at Savers Value Village

In other 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 transaction of $189,470.10. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider T. Charles Hunsinger purchased 6,000 shares of the business's stock in a transaction that occurred on Friday, March 7th. The shares were purchased at an average price of $7.25 per share, for a total transaction of $43,500.00. Following the completion of the acquisition, the insider now directly owns 14,100 shares in the company, valued at $102,225. The trade was a 74.07% increase in their position. The disclosure for this purchase can be found here. Company insiders own 2.38% of the company's stock.

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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