Victory Capital Management Inc. Invests $255,000 in Savers Value Village, Inc. (NYSE:SVV)

Victory Capital Management Inc. purchased a new stake in shares of Savers Value Village, Inc. (NYSE:SVV) in the second quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 20,851 shares of the company’s stock, valued at approximately $255,000.

Several other hedge funds have also bought and sold shares of the business. TD Asset Management Inc lifted its holdings 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 valued at $637,000 after purchasing an additional 11,000 shares during the last quarter. nVerses Capital LLC bought a new stake in Savers Value Village in the second quarter worth $62,000. Baillie Gifford & Co. purchased a new stake in shares of Savers Value Village in the second quarter worth $5,000,000. Boston Partners bought a new position in shares of Savers Value Village during the first quarter valued at $625,000. Finally, Mount Yale Investment Advisors LLC bought a new position in shares of Savers Value Village during the first quarter valued at $193,000. Institutional investors own 98.78% of the company’s stock.

Analysts Set New Price Targets

SVV has been the subject of a number of analyst reports. Loop Capital reduced their price objective on shares of Savers Value Village from $23.00 to $15.00 and set a “buy” rating for the company in a research note on Monday, August 12th. Piper Sandler decreased their price objective on shares of 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. downgraded Savers Value Village from an “overweight” rating to a “neutral” rating and cut their target price for the company from $21.00 to $12.00 in a research note on Monday, July 22nd. The Goldman Sachs Group cut Savers Value Village from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $14.00 to $10.00 in a research note on Friday, August 9th. Finally, Robert W. Baird lowered their price target on Savers Value Village from $21.00 to $13.00 and set an “outperform” rating on the stock in a report on Friday, August 9th. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, Savers Value Village presently has an average rating of “Moderate Buy” and an average price target of $12.20.

Savers Value Village Trading Up 0.9 %

NYSE:SVV opened at $10.50 on Tuesday. The company has a 50 day simple moving average of $9.75 and a two-hundred day simple moving average of $13.25. The company has a market cap of $1.70 billion, a PE ratio of 25.61 and a beta of 1.65. The company has a current ratio of 1.03, a quick ratio of 0.87 and a debt-to-equity ratio of 1.75. Savers Value Village, Inc. has a 12 month low of $7.78 and a 12 month high of $21.33.

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

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.