Landscape Capital Management L.L.C. bought a new stake in Savers Value Village, Inc. (NYSE:SVV – Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 402,100 shares of the company’s stock, valued at approximately $4,057,000. Landscape Capital Management L.L.C. owned 0.26% of Savers Value Village at the end of the most recent quarter.
Several other institutional investors have also recently made changes to their positions in SVV. Vanguard Group Inc. grew its holdings in Savers Value Village by 6.7% during the 3rd quarter. Vanguard Group Inc. now owns 3,857,682 shares of the company’s stock valued at $51,114,000 after purchasing an additional 242,149 shares during the last quarter. Capital Research Global Investors grew its stake in shares of Savers Value Village by 72.9% during the fourth quarter. Capital Research Global Investors now owns 3,330,459 shares of the company’s stock valued at $31,106,000 after buying an additional 1,403,909 shares during the last quarter. BlackRock Inc. bought a new position in shares of Savers Value Village during the second quarter valued at approximately $28,470,000. Ameriprise Financial Inc. raised its holdings in shares of Savers Value Village by 4.4% in the third quarter. Ameriprise Financial Inc. now owns 2,245,409 shares of the company’s stock worth $29,752,000 after buying an additional 94,685 shares during the period. Finally, Dimensional Fund Advisors LP raised its holdings in shares of Savers Value Village by 30.3% in the first quarter. Dimensional Fund Advisors LP now owns 1,864,548 shares of the company’s stock worth $13,869,000 after buying an additional 433,296 shares during the period. Institutional investors own 98.78% of the company’s stock.
Savers Value Village Stock Performance
Shares of NYSE:SVV opened at $10.78 on Friday. The firm’s 50 day simple moving average is $10.19 and its 200-day simple moving average is $9.27. The company has a debt-to-equity ratio of 1.59, a quick ratio of 0.66 and a current ratio of 0.84. Savers Value Village, Inc. has a one year low of $6.91 and a one year high of $13.89. The firm has a market cap of $1.66 billion, a PE ratio of 67.38 and a beta of 1.21.
Insider Transactions at Savers Value Village
In other news, insider Melinda L. Geisser sold 50,000 shares of the firm’s stock in a transaction on Friday, August 7th. The stock was sold at an average price of $12.03, for a total transaction of $601,500.00. Following the transaction, the insider owned 10,576 shares in the company, valued at approximately $127,229.28. This trade represents a 82.54% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, General Counsel Richard A. Medway sold 45,000 shares of Savers Value Village stock in a transaction dated Friday, August 7th. The shares were sold at an average price of $11.98, for a total value of $539,100.00. Following the completion of the sale, the general counsel owned 14,440 shares of the company’s stock, valued at $172,991.20. The trade was a 75.71% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders sold 539,742 shares of company stock valued at $6,242,986. Company insiders own 3.46% of the company’s stock.
Analysts Set New Price Targets
A number of brokerages recently issued reports on SVV. BTIG Research dropped their price objective on Savers Value Village from $18.00 to $15.00 and set a “buy” rating for the company in a report on Thursday, May 7th. Piper Sandler upped their price objective on Savers Value Village from $10.00 to $11.00 and gave the company a “neutral” rating in a research report on Friday, August 7th. Weiss Ratings reiterated a “sell (d)” rating on shares of Savers Value Village in a research note on Tuesday, August 4th. Robert W. Baird decreased their target price on Savers Value Village from $13.00 to $12.00 and set an “outperform” rating for the company in a research report on Thursday, May 7th. Finally, JPMorgan Chase & Co. boosted their target price on shares of Savers Value Village from $11.00 to $14.00 and gave the company a “neutral” rating in a research note on Friday, August 7th. Four research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $14.00.
Check Out Our Latest Stock Report on SVV
Savers Value Village Profile
Savers Value Village, Inc (NYSE: SVV) is a publicly traded thrift retailer that operates a network of donation-based retail stores. Headquartered in Bellevue, Washington, the company specializes in selling second-hand apparel, footwear, household items, accessories and other pre-owned goods. Through its retail stores, SVV offers value-conscious shoppers the opportunity to purchase quality, gently used merchandise at affordable prices.
At the heart of the company’s model is a partnership network with more than 500 nonprofit organizations across North America.
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