Millennium Management LLC Has $226,000 Stock Holdings in Savers Value Village, Inc. (NYSE:SVV)

Millennium Management LLC lessened its position in Savers Value Village, Inc. (NYSE:SVV - Free Report) by 95.0% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor 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 filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of SVV. BNP Paribas Financial Markets acquired a new position in Savers Value Village in the 4th quarter valued at approximately $36,000. KLP Kapitalforvaltning AS bought a new stake in shares of Savers Value Village during the 4th quarter worth about $57,000. Wells Fargo & Company MN raised its position in shares of Savers Value Village by 51.7% in the fourth 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 during the period. AlphaQuest LLC bought a new stake in shares of Savers Value Village during the 4th quarter worth $113,000. Finally, Susquehanna Fundamental Investments LLC acquired a new stake in shares of Savers Value Village in the fourth quarter valued at about $114,000. Institutional investors and hedge funds own 98.78% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on SVV. UBS Group dropped their price objective on shares of Savers Value Village from $14.00 to $13.00 and set a "buy" rating on the stock in a report on Friday, February 21st. Piper Sandler lifted their price target on shares of Savers Value Village from $10.00 to $11.00 and gave the company a "neutral" rating in a report on Friday, May 2nd. The Goldman Sachs Group lifted their price target on Savers Value Village from $9.00 to $10.00 and gave the company a "neutral" rating in a report on Friday, May 2nd. Northland Securities began coverage on shares of Savers Value Village in a research note on Tuesday. They set an "outperform" rating and a $15.00 price target on the stock. Finally, Northland Capmk raised shares of Savers Value Village to a "strong-buy" rating in a research note on Tuesday. Three equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $12.29.

Savers Value Village Trading Down 2.2%

Shares of NYSE SVV traded down $0.24 during midday trading on Thursday, reaching $10.55. 704,450 shares of the stock were exchanged, compared to its average volume of 778,305. The company has a market capitalization of $1.64 billion, a price-to-earnings ratio of 58.61 and a beta of 0.99. The company has a debt-to-equity ratio of 1.70, a current ratio of 1.04 and a quick ratio of 0.86. The business has a 50-day simple moving average of $9.77 and a two-hundred day simple moving average of $9.52. Savers Value Village, Inc. has a 12 month low of $6.48 and a 12 month high of $13.17.

Insider Activity at Savers Value Village

In other Savers Value Village news, CEO Mark T. Walsh sold 40,000 shares of the business's stock in a transaction dated Thursday, May 15th. The shares were sold at an average price of $8.86, for a total transaction of $354,400.00. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, General Counsel Richard A. Medway sold 16,490 shares of the firm's stock in a transaction that occurred on Thursday, May 8th. The shares were sold at an average price of $11.49, for a total value of $189,470.10. 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. 2.38% of the stock is owned by company insiders.

Savers Value Village Company 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.