Bank of New York Mellon Corp Sells 42,916 Shares of Savers Value Village, Inc. (NYSE:SVV)

Bank of New York Mellon Corp trimmed its holdings in shares of Savers Value Village, Inc. (NYSE:SVV) by 30.2% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 99,215 shares of the company’s stock after selling 42,916 shares during the quarter. Bank of New York Mellon Corp owned about 0.06% of Savers Value Village worth $1,214,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Parallel Advisors LLC purchased a new position in shares of Savers Value Village during the fourth quarter worth approximately $36,000. Mount Yale Investment Advisors LLC bought a new position in shares of Savers Value Village during the first quarter valued at about $193,000. Oppenheimer Asset Management Inc. purchased a new position in shares of Savers Value Village in the first quarter worth about $267,000. GSA Capital Partners LLP bought a new stake in shares of Savers Value Village in the 1st quarter valued at about $456,000. Finally, Boston Partners bought a new stake in shares of Savers Value Village in the 1st quarter valued at about $625,000. 98.78% of the stock is currently owned by institutional investors.

Savers Value Village Price Performance

Shares of NYSE SVV opened at $10.41 on Friday. The firm has a market cap of $1.67 billion, a P/E ratio of 25.39 and a beta of 1.65. Savers Value Village, Inc. has a twelve month low of $7.78 and a twelve month high of $21.33. The company has a quick ratio of 0.87, a current ratio of 1.03 and a debt-to-equity ratio of 1.75. The company has a 50 day moving average of $9.77 and a 200 day moving average of $13.42.

Savers Value Village (NYSE:SVV) last issued its earnings results on Thursday, August 8th. The company reported $0.14 earnings per share for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.06). Savers Value Village had a return on equity of 2.88% and a net margin of 2.47%. The business had revenue of $396.70 million during the quarter, compared to analysts’ expectations of $391.13 million. During the same period last year, the firm posted $0.22 EPS. Savers Value Village’s quarterly revenue was up 4.6% compared to the same quarter last year. As a group, research analysts expect that Savers Value Village, Inc. will post 0.28 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on SVV. Loop Capital lowered their price target on shares of Savers Value Village from $23.00 to $15.00 and set a “buy” rating for the company in a report on Monday, August 12th. The Goldman Sachs Group downgraded shares of Savers Value Village from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $14.00 to $10.00 in a research note on Friday, August 9th. Robert W. Baird cut their target price on Savers Value Village from $21.00 to $13.00 and set an “outperform” rating on the stock in a research note on Friday, August 9th. Piper Sandler lowered their price target on Savers Value Village from $13.00 to $11.00 and set an “overweight” rating for the company in a research report on Friday, August 9th. Finally, JPMorgan Chase & Co. lowered Savers Value Village from an “overweight” rating to a “neutral” rating and cut their price objective for the stock from $21.00 to $12.00 in a research report on Monday, July 22nd. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $12.20.

Savers Value Village 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.