Universal Beteiligungs und Servicegesellschaft mbH bought a new position in shares of Savers Value Village, Inc. (NYSE:SVV - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 193,715 shares of the company's stock, valued at approximately $1,986,000. Universal Beteiligungs und Servicegesellschaft mbH owned approximately 0.12% of Savers Value Village as of its most recent SEC filing.
A number of other large investors have also modified their holdings of the business. Aigen Investment Management LP grew its holdings in shares of Savers Value Village by 11.2% during the fourth quarter. Aigen Investment Management LP now owns 17,175 shares of the company's stock worth $176,000 after buying an additional 1,726 shares in the last quarter. American Century Companies Inc. boosted its position in shares of Savers Value Village by 15.6% during the 4th quarter. American Century Companies Inc. now owns 15,410 shares of the company's stock valued at $158,000 after acquiring an additional 2,085 shares during the last quarter. BNP Paribas Financial Markets acquired a new position in shares of Savers Value Village during the 4th quarter valued at about $36,000. Wells Fargo & Company MN boosted its position in shares of Savers Value Village by 51.7% during the 4th quarter. Wells Fargo & Company MN now owns 10,931 shares of the company's stock valued at $112,000 after acquiring an additional 3,725 shares during the last quarter. Finally, Hsbc Holdings PLC boosted its position in shares of Savers Value Village by 12.6% during the 4th quarter. Hsbc Holdings PLC now owns 39,883 shares of the company's stock valued at $410,000 after acquiring an additional 4,454 shares during the last quarter. Hedge funds and other institutional investors own 98.78% of the company's stock.
Insiders Place Their Bets
In other news, CEO Mark T. Walsh sold 40,000 shares of the firm's stock in a transaction on Thursday, May 15th. The shares were sold at an average price of $8.86, for a total value of $354,400.00. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, General Counsel Richard A. Medway sold 16,490 shares of Savers Value Village stock in a transaction on Thursday, May 8th. The stock was sold at an average price of $11.49, for a total transaction of $189,470.10. The disclosure for this sale can be found here. Insiders have sold 57,094 shares of company stock valued at $550,834 in the last ninety days. Insiders own 2.38% of the company's stock.
Analyst Upgrades and Downgrades
Several brokerages have weighed in on SVV. William Blair began coverage on shares of Savers Value Village in a research note on Friday, April 4th. They set an "outperform" rating for the company. The Goldman Sachs Group lifted their price target on shares of Savers Value Village from $9.00 to $10.00 and gave the stock a "neutral" rating in a research note on Friday, May 2nd. JPMorgan Chase & Co. decreased their price target on shares of Savers Value Village from $10.00 to $9.00 and set a "neutral" rating for the company in a research note on Friday, February 21st. UBS Group cut 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. Finally, Piper Sandler lifted their target price 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. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $11.83.
Check Out Our Latest Analysis on SVV
Savers Value Village Price Performance
Shares of SVV traded down $0.04 during trading hours on Friday, reaching $10.34. The company had a trading volume of 136,837 shares, compared to its average volume of 774,466. The firm has a 50 day simple moving average of $9.49 and a 200-day simple moving average of $9.47. 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 57.31 and a beta of 0.95. Savers Value Village, Inc. has a 12-month low of $6.48 and a 12-month high of $13.83.
About Savers Value Village
(
Free Report)
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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