Savers Value Village, Inc. (NYSE:SVV) Shares Purchased by Fmr LLC

Fmr LLC raised its holdings in shares of Savers Value Village, Inc. (NYSE:SVV) by 30.8% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,437,895 shares of the company’s stock after buying an additional 808,867 shares during the quarter. Fmr LLC owned about 2.15% of Savers Value Village worth $36,167,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the business. Thrivent Financial for Lutherans raised its holdings in shares of Savers Value Village by 329.5% during the 2nd quarter. Thrivent Financial for Lutherans now owns 2,068,621 shares of the company’s stock worth $25,320,000 after acquiring an additional 1,586,964 shares during the period. Makaira Partners LLC purchased a new position in Savers Value Village during the second quarter worth about $27,418,000. AIA Group Ltd boosted its holdings in Savers Value Village by 120.6% in the 3rd quarter. AIA Group Ltd now owns 106,641 shares of the company’s stock valued at $1,122,000 after purchasing an additional 58,297 shares during the last quarter. Baillie Gifford & Co. raised its position in shares of Savers Value Village by 34.8% during the 3rd quarter. Baillie Gifford & Co. now owns 550,634 shares of the company’s stock valued at $5,793,000 after buying an additional 142,101 shares during the period. Finally, Primecap Management Co. CA purchased a new stake in shares of Savers Value Village during the 3rd quarter valued at approximately $651,000. 98.78% of the stock is currently owned by institutional investors and hedge funds.

Savers Value Village Price Performance

SVV stock opened at $9.59 on Monday. The stock has a market capitalization of $1.53 billion, a price-to-earnings ratio of 20.85 and a beta of 1.40. The company has a quick ratio of 0.86, a current ratio of 1.04 and a debt-to-equity ratio of 1.70. Savers Value Village, Inc. has a 52-week low of $7.78 and a 52-week high of $21.33. The stock’s fifty day simple moving average is $9.87 and its 200-day simple moving average is $10.54.

Analyst Ratings Changes

Several brokerages recently issued reports on SVV. Loop Capital reduced their price objective on shares of Savers Value Village from $23.00 to $15.00 and set a “buy” rating on the stock in a report on Monday, August 12th. Piper Sandler reissued a “neutral” rating and issued a $10.00 price target (down from $11.00) on shares of Savers Value Village in a research note on Friday, November 8th. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $12.00.

Insider Activity

In related news, COO Jubran N. Tanious sold 7,889 shares of Savers Value Village stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $10.31, for a total value of $81,335.59. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 2.38% of the company’s stock.

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.