AIA Group Ltd Boosts Stake in Savers Value Village, Inc. (NYSE:SVV)

Key Points

• AIA Group Ltd increased its stake in Savers Value Village, Inc. by 47.3%, owning around 0.09% of the company, valued at approximately $1,006,000 by the end of the last quarter.
• The company reported $0.14 earnings per share for the last quarter, beating estimates, with a revenue rise of 7.9% year-over-year, totaling $417.21 million.
• Analysts have raised their price targets for the stock, with an average target now at $12.67, reflecting a bullish sentiment as more institutions increase their holdings.

AIA Group Ltd boosted its holdings in shares of Savers Value Village, Inc. (NYSE:SVV - Free Report) by 47.3% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 145,807 shares of the company's stock after acquiring an additional 46,814 shares during the quarter. AIA Group Ltd owned 0.09% of Savers Value Village worth $1,006,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of SVV. Primecap Management Co. CA raised its position in Savers Value Village by 0.4% during the 1st quarter. Primecap Management Co. CA now owns 473,525 shares of the company's stock valued at $3,267,000 after purchasing an additional 1,775 shares in the last quarter. American Century Companies Inc. raised its position in Savers Value Village by 15.6% during the 4th quarter. American Century Companies Inc. now owns 15,410 shares of the company's stock valued at $158,000 after purchasing 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 raised its position 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. Finally, Hsbc Holdings PLC raised its position 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. Hedge funds and other institutional investors own 98.78% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have weighed in on SVV. Wall Street Zen raised Savers Value Village from a "hold" rating to a "buy" rating in a research report on Saturday, August 2nd. Piper Sandler lifted their target price 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. Northland Securities assumed coverage on Savers Value Village in a research report on Tuesday, June 10th. They issued an "outperform" rating and a $15.00 price target for the company. Northland Capmk raised Savers Value Village to a "strong-buy" rating in a research report on Tuesday, June 10th. Finally, JPMorgan Chase & Co. boosted their price target on Savers Value Village from $9.00 to $11.00 and gave the stock a "neutral" rating in a research report on Monday, July 28th. Three equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $12.20.

Savers Value Village Price Performance

SVV stock traded up $0.28 during mid-day trading on Wednesday, reaching $11.55. 2,222,819 shares of the company's stock were exchanged, compared to its average volume of 957,754. The company has a market cap of $1.80 billion, a price-to-earnings ratio of 55.00 and a beta of 1.00. The stock's 50 day moving average is $10.54 and its 200 day moving average is $9.64. The company has a debt-to-equity ratio of 1.65, a current ratio of 0.69 and a quick ratio of 0.51. Savers Value Village, Inc. has a 12-month low of $6.48 and a 12-month high of $11.97.

Savers Value Village (NYSE:SVV - Get Free Report) last announced its earnings results on Thursday, July 31st. The company reported $0.14 EPS for the quarter, beating analysts' consensus estimates 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 business had revenue of $417.21 million during the quarter, compared to analysts' expectations of $405.75 million. During the same quarter in the prior year, the firm earned $0.14 earnings per share. The business's revenue was up 7.9% compared to the same quarter last year. On average, research analysts expect that Savers Value Village, Inc. will post 0.28 EPS for the current year.

Insiders Place Their Bets

In other Savers Value Village news, CEO Mark T. Walsh sold 40,000 shares of the firm's stock in a transaction on Thursday, May 15th. The stock was sold at an average price of $8.86, for a total transaction of $354,400.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, General Counsel Richard A. Medway sold 15,000 shares of Savers Value Village stock in a transaction on Monday, August 4th. The shares were 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 sold a total of 137,708 shares of company stock valued at $1,419,794 over the last quarter. 3.09% of the stock is owned by 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.