Charles Schwab Investment Management Inc. Boosts Stock Position in Savers Value Village, Inc. (NYSE:SVV)

Charles Schwab Investment Management Inc. lifted its holdings in shares of Savers Value Village, Inc. (NYSE:SVV) by 8.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 225,267 shares of the company’s stock after purchasing an additional 17,482 shares during the period. Charles Schwab Investment Management Inc. owned about 0.14% of Savers Value Village worth $2,309,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in SVV. FMR LLC lifted its stake in Savers Value Village by 30.8% in the third quarter. FMR LLC now owns 3,437,895 shares of the company’s stock valued at $36,167,000 after purchasing an additional 808,867 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new position in shares of Savers Value Village during the 3rd quarter valued at $252,000. Northwest & Ethical Investments L.P. grew its stake in shares of Savers Value Village by 89.9% during the 3rd quarter. Northwest & Ethical Investments L.P. now owns 99,500 shares of the company’s stock worth $1,047,000 after acquiring an additional 47,100 shares during the period. Verition Fund Management LLC increased its holdings in Savers Value Village by 31.5% in the 3rd quarter. Verition Fund Management LLC now owns 250,594 shares of the company’s stock worth $2,636,000 after acquiring an additional 60,007 shares during the last quarter. Finally, PDT Partners LLC bought a new stake in Savers Value Village in the 3rd quarter valued at about $1,698,000. 98.78% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Savers Value Village

In other Savers Value Village news, General Counsel Richard A. Medway sold 4,800 shares of Savers Value Village stock in a transaction on Tuesday, January 21st. The stock was sold at an average price of $11.48, for a total transaction of $55,104.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider T. Charles Hunsinger purchased 6,000 shares of Savers Value Village stock in a transaction dated Friday, March 7th. The shares were bought at an average price of $7.25 per share, with a total value of $43,500.00. Following the completion of the acquisition, the insider now directly owns 14,100 shares of the company’s stock, valued at approximately $102,225. This represents a 74.07 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 2.38% of the company’s stock.

Savers Value Village Trading Down 2.7 %

Shares of SVV opened at $7.00 on Friday. The firm has a fifty day simple moving average of $9.12 and a two-hundred day simple moving average of $9.70. Savers Value Village, Inc. has a twelve month low of $6.48 and a twelve month high of $19.72. The stock has a market capitalization of $1.11 billion, a P/E ratio of 38.91 and a beta of 1.41. 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 (NYSE:SVV) last issued its quarterly earnings data on Thursday, February 20th. The company reported $0.05 earnings per share for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.04). The business had revenue of $401.99 million during the quarter, compared to the consensus estimate of $402.00 million. Savers Value Village had a return on equity of 8.74% and a net margin of 1.89%. On average, research analysts anticipate that Savers Value Village, Inc. will post 0.28 EPS for the current year.

Analyst Ratings Changes

A number of research analysts recently weighed in on the stock. JPMorgan Chase & Co. lowered 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 report on Friday, February 21st. Piper Sandler dropped their price objective on Savers Value Village from $11.00 to $10.00 and set a “neutral” rating on the stock in a report on Monday, February 24th. Finally, UBS Group cut their price objective on shares of Savers Value Village from $14.00 to $13.00 and set a “buy” rating for the company in a research report on Friday, February 21st. Three equities research 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.com, Savers Value Village currently has a consensus rating of “Moderate Buy” and an average price target of $11.67.

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.