First Trust Advisors LP Invests $578,000 in Savers Value Village, Inc. (NYSE:SVV)

First Trust Advisors LP acquired a new position in Savers Value Village, Inc. (NYSE:SVV - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 56,380 shares of the company's stock, valued at approximately $578,000.

A number of other hedge funds also recently bought and sold shares of SVV. Baillie Gifford & Co. increased its position in Savers Value Village by 570.0% during the fourth quarter. Baillie Gifford & Co. now owns 3,689,478 shares of the company's stock valued at $37,817,000 after acquiring an additional 3,138,844 shares during the last quarter. Handelsbanken Fonder AB bought a new position in Savers Value Village during the 4th quarter valued at about $138,000. Bank of New York Mellon Corp raised its position in Savers Value Village by 94.0% in the 4th quarter. Bank of New York Mellon Corp now owns 124,901 shares of the company's stock worth $1,280,000 after purchasing an additional 60,507 shares during the period. Charles Schwab Investment Management Inc. boosted its position in shares of Savers Value Village by 8.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 225,267 shares of the company's stock valued at $2,309,000 after buying an additional 17,482 shares during the period. Finally, Aigen Investment Management LP grew its stake 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 valued at $176,000 after buying an additional 1,726 shares during the last quarter. Hedge funds and other institutional investors own 98.78% of the company's stock.

Insider Activity

In other news, insider T. Charles Hunsinger bought 6,000 shares of the firm's stock in a transaction that occurred on Friday, March 7th. The stock was bought at an average price of $7.25 per share, with a total value of $43,500.00. Following the completion of the transaction, the insider now directly owns 14,100 shares of the company's stock, valued at approximately $102,225. The trade was a 74.07% increase in their position. The purchase 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 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. Company insiders own 2.38% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have weighed in on SVV shares. Piper Sandler increased their target price on Savers Value Village from $10.00 to $11.00 and gave the stock a "neutral" rating in a research note on Friday, May 2nd. William Blair initiated coverage on shares of Savers Value Village in a research report on Friday, April 4th. They issued an "outperform" rating for the company. JPMorgan Chase & Co. reduced their target price on shares of Savers Value Village from $10.00 to $9.00 and set a "neutral" rating on the stock in a research report on Friday, February 21st. UBS Group lowered their price target on Savers Value Village from $14.00 to $13.00 and set a "buy" rating for the company in a report on Friday, February 21st. Finally, The Goldman Sachs Group raised their price objective on Savers Value Village from $9.00 to $10.00 and gave the stock a "neutral" rating in a report on Friday, May 2nd. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $11.83.

Savers Value Village Stock Down 11.7%

SVV stock traded down $1.32 during trading on Tuesday, hitting $9.98. 1,497,869 shares of the company's stock traded hands, compared to its average volume of 762,790. The firm has a market capitalization of $1.57 billion, a P/E ratio of 55.45 and a beta of 0.95. Savers Value Village, Inc. has a 1 year low of $6.48 and a 1 year high of $14.71. The company has a quick ratio of 0.86, a current ratio of 1.04 and a debt-to-equity ratio of 1.70. The business has a fifty day simple moving average of $8.39 and a two-hundred day simple moving average of $9.46.

Savers Value Village (NYSE:SVV - Get Free Report) last announced its quarterly earnings results on Thursday, February 20th. The company reported $0.05 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.09 by ($0.04). Savers Value Village had a net margin of 1.89% and a return on equity of 8.74%. The company had revenue of $401.99 million during the quarter, compared to analysts' expectations of $402.00 million. Sell-side analysts anticipate that Savers Value Village, Inc. will post 0.28 EPS for the current year.

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.