150,000 Shares in Savers Value Village, Inc. (NYSE:SVV) Bought by Lighthouse Investment Partners LLC

Lighthouse Investment Partners LLC bought a new position in shares of Savers Value Village, Inc. (NYSE:SVVFree Report) during the 4th quarter, HoldingsChannel reports. The firm bought 150,000 shares of the company’s stock, valued at approximately $2,607,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in SVV. Vanguard Group Inc. grew its stake in Savers Value Village by 1,264.2% during the 3rd quarter. Vanguard Group Inc. now owns 2,250,983 shares of the company’s stock worth $42,026,000 after buying an additional 2,085,983 shares during the last quarter. Norges Bank purchased a new position in Savers Value Village during the 4th quarter worth $25,076,000. American Century Companies Inc. grew its stake in Savers Value Village by 602.1% during the 3rd quarter. American Century Companies Inc. now owns 1,238,684 shares of the company’s stock worth $23,126,000 after buying an additional 1,062,253 shares during the last quarter. Alberta Investment Management Corp grew its stake in Savers Value Village by 345.3% during the 4th quarter. Alberta Investment Management Corp now owns 206,564 shares of the company’s stock worth $3,590,000 after buying an additional 160,176 shares during the last quarter. Finally, Deutsche Bank AG grew its stake in Savers Value Village by 44.5% during the 3rd quarter. Deutsche Bank AG now owns 433,564 shares of the company’s stock worth $8,095,000 after buying an additional 133,564 shares during the last quarter. 98.78% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, CEO Mark T. Walsh sold 17,000 shares of the company’s stock in a transaction that occurred on Tuesday, March 26th. The stock was sold at an average price of $18.45, for a total value of $313,650.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, insider Melinda L. Geisser sold 4,000 shares of the company’s stock in a transaction that occurred on Wednesday, March 27th. The stock was sold at an average price of $18.98, for a total value of $75,920.00. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Mark T. Walsh sold 17,000 shares of the company’s stock in a transaction that occurred on Tuesday, March 26th. The shares were sold at an average price of $18.45, for a total value of $313,650.00. The disclosure for this sale can be found here. In the last three months, insiders sold 55,855 shares of company stock worth $1,038,650. Corporate insiders own 2.38% of the company’s stock.

Wall Street Analyst Weigh In

SVV has been the topic of several research analyst reports. Piper Sandler dropped their target price on Savers Value Village from $24.00 to $19.00 and set an “overweight” rating on the stock in a research note on Friday, May 10th. Loop Capital lowered their price target on Savers Value Village from $25.00 to $23.00 and set a “buy” rating for the company in a research report on Monday, May 13th. Finally, Robert W. Baird lowered their price target on Savers Value Village from $23.00 to $21.00 and set an “outperform” rating for the company in a research report on Friday, May 10th. Nine investment analysts have rated the stock with a buy rating, According to MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of $25.13.

Check Out Our Latest Analysis on Savers Value Village

Savers Value Village Stock Performance

NYSE SVV opened at $13.13 on Tuesday. The stock has a market capitalization of $2.12 billion and a price-to-earnings ratio of 32.02. Savers Value Village, Inc. has a twelve month low of $10.16 and a twelve month high of $26.88. The company has a current ratio of 0.99, a quick ratio of 0.83 and a debt-to-equity ratio of 1.86. The stock has a 50-day moving average of $15.54 and a 200 day moving average of $17.05.

Savers Value Village (NYSE:SVVGet Free Report) last released its quarterly earnings results on Thursday, May 9th. The company reported ($0.01) earnings per share for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.07). Savers Value Village had a return on equity of 12.18% and a net margin of 4.17%. The business had revenue of $354.17 million during the quarter, compared to analyst estimates of $354.88 million. Sell-side analysts anticipate that Savers Value Village, Inc. will post 0.56 EPS for the current fiscal year.

Savers Value Village Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Savers Value Village (NYSE:SVV)

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