Makaira Partners LLC Lowers Stake in Savers Value Village, Inc. (NYSE:SVV)

Makaira Partners LLC trimmed its position in Savers Value Village, Inc. (NYSE:SVV - Free Report) by 10.3% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 2,053,930 shares of the company's stock after selling 236,000 shares during the period. Savers Value Village comprises 2.9% of Makaira Partners LLC's investment portfolio, making the stock its 11th biggest position. Makaira Partners LLC owned approximately 1.28% of Savers Value Village worth $21,053,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. KLP Kapitalforvaltning AS purchased a new position in shares of Savers Value Village in the 4th quarter worth approximately $57,000. Wells Fargo & Company MN lifted its holdings in Savers Value Village by 51.7% during 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. AlphaQuest LLC purchased a new position in Savers Value Village in the fourth quarter worth $113,000. Susquehanna Fundamental Investments LLC purchased a new position in Savers Value Village in the fourth quarter worth $114,000. Finally, Handelsbanken Fonder AB bought a new position in Savers Value Village in the 4th quarter valued at $138,000. Hedge funds and other institutional investors own 98.78% of the company's stock.

Insider Buying and Selling at Savers Value Village

In other news, insider T. Charles Hunsinger purchased 6,000 shares of Savers Value Village stock in a transaction dated Friday, March 7th. The stock was purchased at an average cost of $7.25 per share, for a total transaction of $43,500.00. Following the transaction, the insider now directly owns 14,100 shares of the company's stock, valued at approximately $102,225. This trade represents a 74.07 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 2.38% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the stock. The Goldman Sachs Group set a $9.00 price target on shares of Savers Value Village in a report on Tuesday, April 22nd. JPMorgan Chase & Co. dropped 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 note on Friday, February 21st. Piper Sandler reduced their target price on shares of Savers Value Village from $11.00 to $10.00 and set a "neutral" rating for the company in a research report on Monday, February 24th. UBS Group lowered their price target 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, William Blair initiated coverage on Savers Value Village in a report on Friday, April 4th. They set an "outperform" rating for the company. Three analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat.com, Savers Value Village presently has an average rating of "Moderate Buy" and a consensus target price of $11.50.

Savers Value Village Stock Performance

SVV traded up $0.26 on Wednesday, hitting $9.56. The company's stock had a trading volume of 1,575,256 shares, compared to its average volume of 767,070. Savers Value Village, Inc. has a 12 month low of $6.48 and a 12 month high of $17.30. The firm has a market cap of $1.51 billion, a P/E ratio of 53.11 and a beta of 1.24. 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 company's 50 day simple moving average is $7.84 and its 200-day simple moving average is $9.42.

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

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.