TD Asset Management Inc Has $2.09 Million Stake in Savers Value Village, Inc. $SVV

Key Points

• TD Asset Management Inc significantly increased its stake in Savers Value Village, Inc. by 61.7%, now owning 204,654 shares valued at approximately $2.09 million.
• The stock currently trades at $12.78, with a market cap of $1.99 billion, and has shown a PE ratio of 60.84.
• Equity analysts have varying opinions on the stock, with price targets ranging from $9.00 to $18.00, suggesting a consensus of a moderate buy status.

TD Asset Management Inc lifted its position in shares of Savers Value Village, Inc. (NYSE:SVV - Free Report) by 61.7% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 204,654 shares of the company's stock after purchasing an additional 78,070 shares during the quarter. TD Asset Management Inc owned 0.13% of Savers Value Village worth $2,087,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. GAMMA Investing LLC raised its position in shares of Savers Value Village by 386.7% during the first quarter. GAMMA Investing LLC now owns 5,879 shares of the company's stock worth $41,000 after purchasing an additional 4,671 shares during the period. Walleye Capital LLC acquired a new position in shares of Savers Value Village during the first quarter worth approximately $74,000. AQR Capital Management LLC acquired a new position in shares of Savers Value Village during the first quarter worth approximately $120,000. CWM LLC raised its position in shares of Savers Value Village by 1,382.9% during the second quarter. CWM LLC now owns 15,333 shares of the company's stock worth $156,000 after purchasing an additional 14,299 shares during the period. Finally, American Century Companies Inc. raised its position in shares of Savers Value Village by 92.7% during the first quarter. American Century Companies Inc. now owns 29,696 shares of the company's stock worth $205,000 after purchasing an additional 14,286 shares during the period. 98.78% of the stock is owned by institutional investors and hedge funds.

Savers Value Village Trading Up 1.2%

Shares of Savers Value Village stock opened at $12.78 on Wednesday. Savers Value Village, Inc. has a 1 year low of $6.48 and a 1 year high of $13.89. The firm has a market cap of $1.99 billion, a PE ratio of 60.84 and a beta of 1.07. The stock has a fifty day moving average price of $12.48 and a 200-day moving average price of $10.94. 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 (NYSE:SVV - Get Free Report) last announced its earnings results on Wednesday, January 15th. The company reported $0.18 earnings per share (EPS) for the quarter. Savers Value Village had a return on equity of 8.85% and a net margin of 2.14%.The firm had revenue of $394.80 million during the quarter. Equities research analysts anticipate that Savers Value Village, Inc. will post 0.28 EPS for the current year.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the company. JPMorgan Chase & Co. upped their price target on Savers Value Village from $9.00 to $11.00 and gave the stock a "neutral" rating in a report on Monday, July 28th. Piper Sandler upped their price target on Savers Value Village from $11.00 to $12.00 and gave the stock a "neutral" rating in a report on Friday, August 1st. BTIG Research assumed coverage on Savers Value Village in a report on Tuesday, October 14th. They set a "buy" rating and a $18.00 price target for the company. Weiss Ratings reiterated a "sell (d+)" rating on shares of Savers Value Village in a report on Wednesday, October 8th. Finally, Wall Street Zen upgraded Savers Value Village from a "hold" rating to a "buy" rating in a report on Saturday, August 2nd. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $13.17.

Insider Activity

In other news, CEO Mark T. Walsh sold 34,184 shares of the firm's stock in a transaction on Wednesday, September 24th. The stock was sold at an average price of $13.08, for a total transaction of $447,126.72. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, General Counsel Richard A. Medway sold 20,000 shares of the firm's stock in a transaction on Friday, September 26th. The shares were sold at an average price of $13.69, for a total value of $273,800.00. The disclosure for this sale can be found here. Insiders sold a total of 217,863 shares of company stock valued at $2,755,037 in the last ninety days. 3.09% of the stock is currently owned by insiders.

About Savers Value Village

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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