Millennium Management LLC Decreases Stock Holdings in Savers Value Village, Inc. (NYSE:SVV)

Millennium Management LLC trimmed its stake in shares of Savers Value Village, Inc. (NYSE:SVV - Free Report) by 95.0% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 22,058 shares of the company's stock after selling 414,821 shares during the quarter. Millennium Management LLC's holdings in Savers Value Village were worth $226,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in SVV. Baillie Gifford & Co. raised its stake in shares of Savers Value Village by 570.0% during the 4th quarter. Baillie Gifford & Co. now owns 3,689,478 shares of the company's stock valued at $37,817,000 after purchasing an additional 3,138,844 shares during the period. Handelsbanken Fonder AB bought a new stake in shares of Savers Value Village during the 4th quarter valued at $138,000. Bank of New York Mellon Corp raised its stake in shares of Savers Value Village by 94.0% during the 4th quarter. Bank of New York Mellon Corp now owns 124,901 shares of the company's stock valued at $1,280,000 after purchasing an additional 60,507 shares during the period. Charles Schwab Investment Management Inc. raised its stake in shares of Savers Value Village by 8.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 225,267 shares of the company's stock valued at $2,309,000 after purchasing an additional 17,482 shares during the period. Finally, Aigen Investment Management LP raised its stake in shares of Savers Value Village by 11.2% during the 4th quarter. Aigen Investment Management LP now owns 17,175 shares of the company's stock valued at $176,000 after purchasing an additional 1,726 shares during the period. 98.78% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

SVV has been the topic of a number of analyst reports. Northland Capmk upgraded Savers Value Village to a "strong-buy" rating in a research note on Tuesday, June 10th. Northland Securities initiated coverage on Savers Value Village in a report on Tuesday, June 10th. They set an "outperform" rating and a $15.00 price objective for the company. Piper Sandler boosted their price objective on Savers Value Village from $10.00 to $11.00 and gave the stock a "neutral" rating in a report on Friday, May 2nd. William Blair initiated 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 boosted their price objective on Savers Value Village from $9.00 to $10.00 and gave the stock a "neutral" rating in a report on Friday, May 2nd. Three equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $12.29.

Insider Transactions at Savers Value Village

In related news, 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Mark T. Walsh sold 40,000 shares of the 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 disclosure for this sale can be found here. In the last three months, insiders sold 57,094 shares of company stock worth $550,834. 3.09% of the stock is currently owned by corporate insiders.

Savers Value Village Price Performance

Shares of SVV traded down $0.26 during midday trading on Friday, reaching $10.29. The stock had a trading volume of 930,578 shares, compared to its average volume of 779,432. The company's 50-day moving average is $9.87 and its 200 day moving average is $9.54. Savers Value Village, Inc. has a 12-month low of $6.48 and a 12-month high of $12.83. The company has a current ratio of 1.04, a quick ratio of 0.86 and a debt-to-equity ratio of 1.70. The company has a market capitalization of $1.60 billion, a price-to-earnings ratio of 57.17 and a beta of 0.99.

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.