Savers Value Village, Inc. (NYSE:SVV) Stock Holdings Increased by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans boosted its position in Savers Value Village, Inc. (NYSE:SVV) by 329.5% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,068,621 shares of the company’s stock after buying an additional 1,586,964 shares during the quarter. Thrivent Financial for Lutherans owned approximately 1.28% of Savers Value Village worth $25,320,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Parallel Advisors LLC bought a new position in shares of Savers Value Village during the fourth quarter valued at approximately $36,000. nVerses Capital LLC bought a new position in shares of Savers Value Village during the second quarter valued at approximately $62,000. Mount Yale Investment Advisors LLC bought a new position in shares of Savers Value Village during the first quarter valued at approximately $193,000. Victory Capital Management Inc. bought a new position in shares of Savers Value Village during the second quarter valued at approximately $255,000. Finally, Oppenheimer Asset Management Inc. bought a new position in shares of Savers Value Village during the first quarter valued at approximately $267,000. 98.78% of the stock is owned by institutional investors.

Analysts Set New Price Targets

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

Savers Value Village Stock Performance

SVV opened at $10.50 on Tuesday. The company has a market capitalization of $1.70 billion, a price-to-earnings ratio of 25.61 and a beta of 1.65. The company has a debt-to-equity ratio of 1.75, a current ratio of 1.03 and a quick ratio of 0.87. Savers Value Village, Inc. has a 1-year low of $7.78 and a 1-year high of $21.33. The business has a 50 day moving average price of $9.75 and a two-hundred day moving average price of $13.25.

Savers Value Village (NYSE:SVV) last released 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). The firm had revenue of $396.70 million during the quarter, compared to analyst estimates of $391.13 million. Savers Value Village had a return on equity of 2.88% and a net margin of 2.47%. The business’s revenue for the quarter was up 4.6% on a year-over-year basis. During the same quarter last year, the company earned $0.22 earnings per share. Research analysts predict that Savers Value Village, Inc. will post 0.28 EPS for the current fiscal 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.