Fred Alger Management LLC Has $2.53 Million Stock Holdings in Savers Value Village, Inc. (NYSE:SVV)

Fred Alger Management LLC decreased its position in Savers Value Village, Inc. (NYSE:SVV - Free Report) by 18.8% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 246,975 shares of the company's stock after selling 57,274 shares during the quarter. Fred Alger Management LLC owned about 0.15% of Savers Value Village worth $2,531,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in SVV. BNP Paribas Financial Markets acquired a new position in shares of Savers Value Village during the 4th quarter worth $36,000. KLP Kapitalforvaltning AS acquired a new stake in shares of Savers Value Village in the fourth quarter worth about $57,000. Wells Fargo & Company MN boosted its stake 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 worth $112,000 after acquiring an additional 3,725 shares in the last quarter. AlphaQuest LLC acquired a new position in shares of Savers Value Village during the 4th quarter valued at about $113,000. Finally, Susquehanna Fundamental Investments LLC bought a new position in shares of Savers Value Village in the 4th quarter valued at approximately $114,000. Institutional investors and hedge funds own 98.78% of the company's stock.

Savers Value Village Stock Performance

SVV stock traded down $1.32 during trading on Tuesday, reaching $9.98. 1,497,869 shares of the stock were exchanged, compared to its average volume of 758,870. Savers Value Village, Inc. has a twelve month low of $6.48 and a twelve month high of $14.71. 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 $1.57 billion, a P/E ratio of 55.45 and a beta of 0.95. The stock has a 50 day simple moving average of $8.44 and a 200-day simple moving average of $9.47.

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

Insiders Place Their Bets

In related news, insider T. Charles Hunsinger acquired 6,000 shares of the firm's stock in a transaction on Friday, March 7th. The shares were bought at an average cost of $7.25 per share, with a total value of $43,500.00. Following the completion of the acquisition, the insider now owns 14,100 shares of the company's stock, valued at $102,225. This trade represents a 74.07% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, General Counsel Richard A. Medway sold 16,490 shares of the company's stock in a transaction that occurred on Thursday, May 8th. The shares were sold at an average price of $11.49, for a total value of $189,470.10. The disclosure for this sale can be found here. Corporate insiders own 2.38% of the company's stock.

Wall Street Analysts Forecast Growth

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

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.