Danica Pension Livsforsikringsaktieselskab purchased a new position in Savers Value Village, Inc. (NYSE:SVV – Free Report) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 196,798 shares of the company’s stock, valued at approximately $1,986,000. Danica Pension Livsforsikringsaktieselskab owned about 0.13% of Savers Value Village at the end of the most recent quarter.
Other hedge funds and other institutional investors have also modified their holdings of the company. Caitong International Asset Management Co. Ltd grew its stake in Savers Value Village by 281.8% in the third quarter. Caitong International Asset Management Co. Ltd now owns 1,909 shares of the company’s stock valued at $25,000 after purchasing an additional 1,409 shares in the last quarter. Sandia Investment Management LP acquired a new stake in shares of Savers Value Village during the 2nd quarter valued at about $51,000. Lazard Asset Management LLC bought a new stake in shares of Savers Value Village in the 2nd quarter valued at approximately $57,000. Royal Bank of Canada increased its holdings in Savers Value Village by 801.5% in the first quarter. Royal Bank of Canada now owns 11,233 shares of the company’s stock worth $83,000 after buying an additional 9,987 shares during the last quarter. Finally, Caxton Associates LLP bought a new position in Savers Value Village during the first quarter valued at approximately $90,000. 98.78% of the stock is currently owned by hedge funds and other institutional investors.
Savers Value Village Stock Down 0.7%
SVV opened at $10.48 on Wednesday. The business has a 50 day moving average price of $10.13 and a 200 day moving average price of $9.26. Savers Value Village, Inc. has a twelve month low of $6.91 and a twelve month high of $13.89. The company has a debt-to-equity ratio of 1.59, a quick ratio of 0.66 and a current ratio of 0.84. The firm has a market cap of $1.62 billion, a P/E ratio of 65.54 and a beta of 1.21.
Analyst Ratings Changes
Several analysts have commented on the stock. BTIG Research decreased their target price on shares of Savers Value Village from $18.00 to $15.00 and set a “buy” rating for the company in a research report on Thursday, May 7th. Piper Sandler raised their price target on shares of Savers Value Village from $10.00 to $11.00 and gave the company a “neutral” rating in a report on Friday, August 7th. Robert W. Baird reduced their price objective on shares of Savers Value Village from $13.00 to $12.00 and set an “outperform” rating for the company in a research note on Thursday, May 7th. Weiss Ratings reiterated a “sell (d)” rating on shares of Savers Value Village in a report on Tuesday, August 4th. Finally, JPMorgan Chase & Co. increased their target price on shares of Savers Value Village from $11.00 to $14.00 and gave the stock a “neutral” rating in a research report on Friday, August 7th. Four equities 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 stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $14.00.
View Our Latest Report on Savers Value Village
Insider Transactions at Savers Value Village
In other Savers Value Village news, CFO Michael W. Maher sold 49,742 shares of the firm’s stock in a transaction that occurred on Friday, August 7th. The stock was sold at an average price of $12.33, for a total value of $613,318.86. Following the completion of the sale, the chief financial officer owned 20,163 shares in the company, valued at approximately $248,609.79. This trade represents a 71.16% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Melinda L. Geisser sold 50,000 shares of the firm’s stock in a transaction dated 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 of the company’s stock, valued at approximately $127,229.28. This represents a 82.54% decrease in their position. The disclosure for this sale is available in the SEC filing. 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 worth $6,242,986. Insiders own 3.46% of the company’s stock.
Savers Value Village Company 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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