Truist Financial Corp Has $114,000 Stock Holdings in Savers Value Village, Inc. (NYSE:SVV)

Truist Financial Corp trimmed its position in shares of Savers Value Village, Inc. (NYSE:SVV) by 13.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 11,100 shares of the company’s stock after selling 1,742 shares during the quarter. Truist Financial Corp’s holdings in Savers Value Village were worth $114,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the company. Baillie Gifford & Co. raised its position in shares of Savers Value Village by 570.0% during the fourth quarter. Baillie Gifford & Co. now owns 3,689,478 shares of the company’s stock worth $37,817,000 after acquiring an additional 3,138,844 shares during the last quarter. Geode Capital Management LLC raised its position in shares of Savers Value Village by 10.2% during the third quarter. Geode Capital Management LLC now owns 542,999 shares of the company’s stock worth $5,714,000 after acquiring an additional 50,051 shares during the last quarter. Maverick Capital Ltd. bought a new position in shares of Savers Value Village during the third quarter worth about $2,163,000. PDT Partners LLC bought a new position in shares of Savers Value Village during the third quarter worth about $1,698,000. Finally, Verition Fund Management LLC raised its position in shares of Savers Value Village by 31.5% during the third 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. 98.78% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on SVV shares. JPMorgan Chase & Co. lowered 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. Piper Sandler lowered their target price on Savers Value Village from $11.00 to $10.00 and set a “neutral” rating for the company in a report on Monday, February 24th. Finally, UBS Group lowered their target price on Savers Value Village from $14.00 to $13.00 and set a “buy” rating for the company in a report on Friday, February 21st. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $11.67.

Insider Activity

In other news, General Counsel Richard A. Medway sold 4,800 shares of the business’s stock in a transaction that occurred on Tuesday, January 21st. The stock was sold at an average price of $11.48, for a total transaction of $55,104.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 2.38% of the company’s stock.

Savers Value Village Trading Up 0.4 %

Shares of SVV stock opened at $7.13 on Friday. The company has a market cap of $1.13 billion, a P/E ratio of 39.59 and a beta of 1.42. The stock has a 50 day simple moving average of $10.17 and a two-hundred day simple moving average of $9.96. The company has a debt-to-equity ratio of 1.70, a quick ratio of 0.86 and a current ratio of 1.04. Savers Value Village, Inc. has a fifty-two week low of $6.56 and a fifty-two week high of $20.66.

Savers Value Village (NYSE:SVV) last released its quarterly earnings data on Thursday, February 20th. The company reported $0.05 EPS for the quarter, missing the consensus estimate of $0.09 by ($0.04). The firm had revenue of $401.99 million for the quarter, compared to the consensus estimate of $402.00 million. Savers Value Village had a net margin of 1.89% and a return on equity of 8.74%. 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.