Federated Hermes Inc. raised its holdings in shares of Savers Value Village, Inc. (NYSE:SVV - Free Report) by 671.3% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 185,107 shares of the company's stock after purchasing an additional 161,107 shares during the quarter. Federated Hermes Inc. owned 0.12% of Savers Value Village worth $1,277,000 as of its most recent SEC filing.
Several other institutional investors have also recently bought and sold shares of the business. BNP Paribas Financial Markets bought a new stake in shares of Savers Value Village during the fourth quarter worth about $36,000. GAMMA Investing LLC boosted 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 purchasing an additional 4,671 shares during the last quarter. Versant Capital Management Inc acquired a new position in Savers Value Village during the 1st quarter valued at about $51,000. KLP Kapitalforvaltning AS bought a new stake in Savers Value Village during the 4th quarter worth approximately $57,000. Finally, Wexford Capital LP purchased a new stake in shares of Savers Value Village in the fourth quarter worth approximately $106,000. Institutional investors and hedge funds own 98.78% of the company's stock.
Savers Value Village Stock Performance
Shares of NYSE:SVV traded down $0.18 during midday trading on Friday, reaching $11.13. The company had a trading volume of 1,364,651 shares, compared to its average volume of 810,651. The stock has a market cap of $1.73 billion, a P/E ratio of 53.00 and a beta of 1.00. The company's 50 day moving average price is $10.47 and its 200 day moving average price is $9.64. 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, Inc. has a 52-week low of $6.48 and a 52-week high of $11.97.
Savers Value Village (NYSE:SVV - Get Free Report) last announced its quarterly earnings data on Thursday, July 31st. The company reported $0.14 EPS for the quarter, topping the consensus estimate of $0.12 by $0.02. The business had revenue of $417.21 million for the quarter, compared to analyst estimates of $405.75 million. Savers Value Village had a net margin of 2.14% and a return on equity of 8.85%. The company's revenue for the quarter was up 7.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.14 earnings per share. As a group, sell-side analysts anticipate that Savers Value Village, Inc. will post 0.28 EPS for the current fiscal year.
Insider Transactions at Savers Value Village
In other Savers Value Village news, General Counsel Richard A. Medway sold 15,000 shares of the firm's 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Mark T. Walsh sold 40,000 shares of the business's stock in a transaction dated 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 sold a total of 138,312 shares of company stock worth $1,426,758 in the last quarter. Insiders own 3.09% of the company's stock.
Analyst Upgrades and Downgrades
Several research analysts recently issued reports on the company. 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 Capmk raised shares of Savers Value Village to a "strong-buy" rating in a report on Tuesday, June 10th. The Goldman Sachs Group upped their target price on shares of Savers Value Village from $9.00 to $10.00 and gave the stock a "neutral" rating in a research note on Friday, May 2nd. Wall Street Zen upgraded shares of Savers Value Village from a "hold" rating to a "buy" rating in a report on Saturday, August 2nd. Finally, Northland Securities assumed coverage on shares of Savers Value Village in a report on Tuesday, June 10th. They set an "outperform" rating and a $15.00 price target on the stock. Three equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $12.71.
Check Out Our Latest Research Report on SVV
About Savers Value Village
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Free Report)
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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