Federated Hermes Inc. Has $1.28 Million Holdings in Savers Value Village, Inc. (NYSE:SVV)

Federated Hermes Inc. boosted its holdings in Savers Value Village, Inc. (NYSE:SVV - Free Report) by 671.3% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 185,107 shares of the company's stock after purchasing an additional 161,107 shares during the quarter. Federated Hermes Inc. owned approximately 0.12% of Savers Value Village worth $1,277,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. BNP Paribas Financial Markets purchased a new position in Savers Value Village during the 4th quarter valued at about $36,000. GAMMA Investing LLC grew its stake in Savers Value Village by 386.7% during the 1st quarter. GAMMA Investing LLC now owns 5,879 shares of the company's stock valued at $41,000 after acquiring an additional 4,671 shares in the last quarter. Versant Capital Management Inc purchased a new position in Savers Value Village during the 1st quarter valued at about $51,000. KLP Kapitalforvaltning AS purchased a new position in Savers Value Village during the 4th quarter valued at about $57,000. Finally, Wexford Capital LP purchased a new position in Savers Value Village during the 4th quarter valued at about $106,000. Institutional investors and hedge funds own 98.78% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts recently commented on the company. Northland Securities began coverage on Savers Value Village in a research note on Tuesday, June 10th. They issued an "outperform" rating and a $15.00 price target for the company. Piper Sandler upped their price target on Savers Value Village from $11.00 to $12.00 and gave the stock a "neutral" rating in a report on Friday, August 1st. Northland Capmk upgraded Savers Value Village to a "strong-buy" rating in a report on Tuesday, June 10th. The Goldman Sachs Group upped their price target on Savers Value Village from $9.00 to $10.00 and gave the stock a "neutral" rating in a report on Friday, May 2nd. Finally, Wall Street Zen raised Savers Value Village from a "hold" rating to a "buy" rating in a research report on Saturday, August 2nd. Three analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $12.67.

Insider Activity at Savers Value Village

In other news, insider Melinda L. Geisser sold 7,824 shares of Savers Value Village stock in a transaction that occurred on Monday, August 4th. The stock was sold at an average price of $11.48, for a total transaction of $89,819.52. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Mark T. Walsh sold 40,000 shares of Savers Value Village stock in a transaction that occurred 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. In the last quarter, insiders have sold 138,312 shares of company stock valued at $1,426,758. 3.09% of the stock is owned by insiders.

Savers Value Village Trading Down 1.6%

Savers Value Village stock traded down $0.18 during mid-day trading on Friday, hitting $11.13. The stock had a trading volume of 1,364,651 shares, compared to its average volume of 800,398. The stock has a 50-day simple moving average of $10.49 and a two-hundred day simple moving average of $9.63. The stock has a market capitalization of $1.73 billion, a PE ratio of 53.00 and a beta of 1.00. Savers Value Village, Inc. has a 12 month low of $6.48 and a 12 month high of $11.97. The company has a current ratio of 0.69, a quick ratio of 0.57 and a debt-to-equity ratio of 1.65.

Savers Value Village (NYSE:SVV - Get Free Report) last announced its earnings results on Thursday, July 31st. The company reported $0.14 earnings per share (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 for the quarter, compared to analyst estimates of $405.75 million. During the same quarter last year, the firm earned $0.14 EPS. Savers Value Village's revenue for the quarter was up 7.9% compared to the same quarter last year. As a group, sell-side analysts forecast that Savers Value Village, Inc. will post 0.28 EPS for the current year.

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.