Savers Value Village, Inc. $SVV Shares Bought by T. Rowe Price Investment Management Inc.

Key Points

• T. Rowe Price Investment Management Inc. increased its stake in Savers Value Village, Inc. by 19.6%, owning approximately 4.53% of the company after acquiring an additional 1,167,253 shares.
• Analysts have generally positive sentiments towards Savers Value Village, with several upgrades and a consensus price target of $12.20, indicating a "Moderate Buy" rating.
• Insider activity includes significant stock sales by directors, with one director decreasing their position by 42.68% after selling 12,402 shares.

T. Rowe Price Investment Management Inc. increased its stake in shares of Savers Value Village, Inc. (NYSE:SVV - Free Report) by 19.6% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 7,137,153 shares of the company's stock after acquiring an additional 1,167,253 shares during the quarter. T. Rowe Price Investment Management Inc. owned approximately 4.53% of Savers Value Village worth $49,247,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Baillie Gifford & Co. boosted its holdings in Savers Value Village by 76.4% in the first quarter. Baillie Gifford & Co. now owns 6,509,978 shares of the company's stock worth $44,919,000 after acquiring an additional 2,820,500 shares in the last quarter. Ameriprise Financial Inc. bought a new position in shares of Savers Value Village in the fourth quarter valued at approximately $11,324,000. Geode Capital Management LLC lifted its holdings in Savers Value Village by 2.2% during the fourth quarter. Geode Capital Management LLC now owns 554,854 shares of the company's stock worth $5,689,000 after acquiring an additional 11,855 shares during the period. Primecap Management Co. CA boosted its position in Savers Value Village by 0.4% in the first quarter. Primecap Management Co. CA now owns 473,525 shares of the company's stock worth $3,267,000 after purchasing an additional 1,775 shares during the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH raised its stake in Savers Value Village by 91.5% in the 1st quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 370,976 shares of the company's stock valued at $2,560,000 after acquiring an additional 177,261 shares during the period. Institutional investors own 98.78% of the company's stock.

Savers Value Village Stock Performance

Shares of NYSE SVV traded up $0.32 during trading on Thursday, reaching $11.94. 194,275 shares of the company traded hands, compared to its average volume of 825,162. The firm's fifty day simple moving average is $10.73 and its 200 day simple moving average is $9.66. The stock has a market cap of $1.86 billion, a P/E ratio of 56.72 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 0.51 and a debt-to-equity ratio of 1.65.

Savers Value Village (NYSE:SVV - Get Free Report) last announced its quarterly earnings results on Thursday, July 31st. The company reported $0.14 earnings per share for the quarter, beating the consensus estimate of $0.12 by $0.02. The firm had revenue of $417.21 million during the quarter, compared to analyst estimates of $405.75 million. Savers Value Village had a return on equity of 8.85% and a net margin of 2.14%.Savers Value Village's revenue for the quarter was up 7.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.14 EPS. Savers Value Village has set its FY 2025 guidance at 0.410-0.480 EPS. As a group, research analysts anticipate that Savers Value Village, Inc. will post 0.28 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several analysts have issued reports on the stock. Northland Capmk upgraded shares of Savers Value Village to a "strong-buy" rating in a research note on Tuesday, June 10th. Northland Securities started coverage on Savers Value Village in a report on Tuesday, June 10th. They issued an "outperform" rating and a $15.00 target price on the stock. Wall Street Zen upgraded shares of Savers Value Village from a "hold" rating to a "buy" rating in a research note on Saturday, August 2nd. The Goldman Sachs Group raised their target price 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, Piper Sandler upped their price objective on Savers Value Village from $11.00 to $12.00 and gave the stock a "neutral" rating in a research note on Friday, August 1st. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, Savers Value Village has an average rating of "Moderate Buy" and an average target price of $12.20.

Insider Buying and Selling

In other Savers Value Village news, insider Melinda L. Geisser sold 48,000 shares of Savers Value Village stock in a transaction dated Thursday, July 3rd. The stock was sold at an average price of $10.80, for a total value of $518,400.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director William T. Allen sold 12,402 shares of the stock in a transaction on Friday, August 15th. The shares were sold at an average price of $11.15, for a total value of $138,282.30. Following the completion of the sale, the director owned 16,655 shares in the company, valued at approximately $185,703.25. The trade was a 42.68% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 110,110 shares of company stock worth $1,203,676. 3.09% of the stock is owned by 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.