Handelsbanken Fonder AB Invests $138,000 in Savers Value Village, Inc. (NYSE:SVV)

Handelsbanken Fonder AB bought a new position in Savers Value Village, Inc. (NYSE:SVV) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 13,500 shares of the company’s stock, valued at approximately $138,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in SVV. Aigen Investment Management LP raised its position in Savers Value Village by 29.0% during the 3rd quarter. Aigen Investment Management LP now owns 15,449 shares of the company’s stock valued at $163,000 after purchasing an additional 3,477 shares during the last quarter. GSA Capital Partners LLP bought a new stake in Savers Value Village in the third quarter valued at $248,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new position in Savers Value Village during the 3rd quarter valued at $252,000. Primecap Management Co. CA bought a new position in Savers Value Village in the 3rd quarter worth $651,000. Finally, Northwest & Ethical Investments L.P. lifted its position in shares of Savers Value Village by 89.9% in the 3rd quarter. Northwest & Ethical Investments L.P. now owns 99,500 shares of the company’s stock worth $1,047,000 after purchasing an additional 47,100 shares during the period. 98.78% of the stock is currently owned by 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 the stock in a transaction dated Tuesday, January 21st. The shares were 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 SEC, which is available through this hyperlink. Company insiders own 2.38% of the company’s stock.

Savers Value Village Trading Down 8.2 %

Savers Value Village stock opened at $6.87 on Tuesday. Savers Value Village, Inc. has a 1 year low of $6.73 and a 1 year high of $21.33. The firm’s 50 day moving average price is $10.44 and its 200-day moving average price is $10.03. The company has a debt-to-equity ratio of 1.70, a current ratio of 1.04 and a quick ratio of 0.86. The stock has a market cap of $1.09 billion, a P/E ratio of 38.17 and a beta of 1.09.

Savers Value Village (NYSE:SVV) last posted its earnings results on Thursday, February 20th. The company reported $0.05 EPS for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.04). Savers Value Village had a return on equity of 8.74% and a net margin of 1.89%. The firm had revenue of $401.99 million during the quarter, compared to analysts’ expectations of $402.00 million. On average, equities analysts predict that Savers Value Village, Inc. will post 0.28 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on SVV shares. UBS Group reduced their price target on shares of Savers Value Village from $14.00 to $13.00 and set a “buy” rating on the stock in a research report on Friday, February 21st. Piper Sandler dropped their price target on Savers Value Village from $11.00 to $10.00 and set a “neutral” rating on the stock in a research report on Monday, February 24th. Finally, JPMorgan Chase & Co. reduced their price objective on Savers Value Village from $10.00 to $9.00 and set a “neutral” 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 issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price 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.