T. Rowe Price Investment Management Inc. Increases Stock Position in Savers Value Village, Inc. $SVV

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. raised its position in shares of Savers Value Village, Inc. (NYSE:SVV - Free Report) by 19.6% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 7,137,153 shares of the company's stock after buying an additional 1,167,253 shares during the period. T. Rowe Price Investment Management Inc. owned about 4.53% of Savers Value Village worth $49,247,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. BNP Paribas Financial Markets purchased a new stake in shares of Savers Value Village in the 4th quarter worth about $36,000. GAMMA Investing LLC raised its holdings in Savers Value Village by 386.7% in the first quarter. GAMMA Investing LLC now owns 5,879 shares of the company's stock worth $41,000 after buying an additional 4,671 shares during the last quarter. Versant Capital Management Inc bought a new stake in shares of Savers Value Village in the first quarter worth approximately $51,000. Wexford Capital LP bought a new stake in shares of Savers Value Village in the fourth quarter worth approximately $106,000. Finally, Wells Fargo & Company MN grew its stake 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 worth $112,000 after acquiring an additional 3,725 shares during the period. 98.78% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the stock. JPMorgan Chase & Co. boosted their target price on shares of Savers Value Village from $9.00 to $11.00 and gave the company a "neutral" rating in a research report on Monday, July 28th. Wall Street Zen upgraded shares of Savers Value Village from a "hold" rating to a "buy" rating in a research report on Saturday, August 2nd. Piper Sandler boosted their target price on shares of 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 raised shares of Savers Value Village to a "strong-buy" rating in a report on Tuesday, June 10th. Finally, The Goldman Sachs Group upped their price target on shares of Savers Value Village from $9.00 to $10.00 and gave the company a "neutral" rating in a research note on Friday, May 2nd. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $12.20.

Insider Activity

In other news, Director William T. Allen sold 12,402 shares of the firm's stock in a transaction dated Friday, August 15th. The shares were sold at an average price of $11.15, for a total value of $138,282.30. Following the sale, the director directly owned 16,655 shares in the company, valued at approximately $185,703.25. This trade represents a 42.68% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Melinda L. Geisser sold 7,824 shares of the firm's stock in a transaction dated Monday, August 4th. The shares were sold at an average price of $11.48, for a total transaction of $89,819.52. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 110,110 shares of company stock worth $1,203,676. Corporate insiders own 3.09% of the company's stock.

Savers Value Village Stock Up 1.1%

Shares of Savers Value Village stock opened at $11.3850 on Friday. The company has a debt-to-equity ratio of 1.65, a current ratio of 0.69 and a quick ratio of 0.51. Savers Value Village, Inc. has a 1 year low of $6.48 and a 1 year high of $11.97. The firm's 50-day moving average is $10.66 and its two-hundred day moving average is $9.66. The stock has a market cap of $1.77 billion, a price-to-earnings ratio of 54.22 and a beta of 1.00.

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

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.

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