Sei Investments Co. Boosts Holdings in Savers Value Village, Inc. (NYSE:SVV)

Sei Investments Co. raised its position in Savers Value Village, Inc. (NYSE:SVV) by 8.9% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 58,704 shares of the company’s stock after acquiring an additional 4,808 shares during the period. Sei Investments Co.’s holdings in Savers Value Village were worth $719,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of the company. XTX Topco Ltd lifted its holdings in shares of Savers Value Village by 281.1% during the 2nd quarter. XTX Topco Ltd now owns 39,080 shares of the company’s stock valued at $478,000 after purchasing an additional 28,826 shares during the last quarter. Hsbc Holdings PLC boosted its holdings in Savers Value Village by 6.7% in the second quarter. Hsbc Holdings PLC now owns 27,879 shares of the company’s stock worth $335,000 after acquiring an additional 1,749 shares in the last quarter. Victory Capital Management Inc. acquired a new stake in Savers Value Village in the second quarter worth about $255,000. TD Asset Management Inc grew its stake in shares of Savers Value Village by 26.8% during the second quarter. TD Asset Management Inc now owns 52,056 shares of the company’s stock worth $637,000 after acquiring an additional 11,000 shares during the last quarter. Finally, nVerses Capital LLC acquired a new position in shares of Savers Value Village during the second quarter valued at about $62,000. 98.78% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts recently commented on SVV shares. Robert W. Baird lowered their target price on shares of Savers Value Village from $21.00 to $13.00 and set an “outperform” rating for the company in a research note on Friday, August 9th. 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 stock from $14.00 to $10.00 in a research note on Friday, August 9th. JPMorgan Chase & Co. lowered Savers Value Village from an “overweight” rating to a “neutral” rating and reduced their target price for the stock from $21.00 to $12.00 in a research note on Monday, July 22nd. Piper Sandler dropped their price target on Savers Value Village from $13.00 to $11.00 and set an “overweight” rating on the stock in a research note on Friday, August 9th. Finally, Loop Capital cut their price objective on Savers Value Village from $23.00 to $15.00 and set a “buy” rating on the stock 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’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $12.20.

Savers Value Village Price Performance

NYSE:SVV opened at $10.49 on Wednesday. The firm’s fifty day moving average is $9.71 and its two-hundred day moving average is $12.64. The firm has a market cap of $1.70 billion, a price-to-earnings ratio of 25.59 and a beta of 1.67. The company has a debt-to-equity ratio of 1.75, a quick ratio of 0.87 and a current ratio of 1.03. Savers Value Village, Inc. has a one year low of $7.78 and a one year high of $21.33.

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

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.