Primecap Management Co. CA Acquires 409,850 Shares of Savers Value Village, Inc. (NYSE:SVV)

Primecap Management Co. CA boosted its holdings in Savers Value Village, Inc. (NYSE:SVV) by 662.1% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 471,750 shares of the company’s stock after acquiring an additional 409,850 shares during the period. Primecap Management Co. CA owned 0.30% of Savers Value Village worth $4,835,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in the business. AlphaQuest LLC bought a new position in shares of Savers Value Village in the fourth quarter valued at about $113,000. Handelsbanken Fonder AB bought a new position in Savers Value Village in the 4th quarter valued at about $138,000. Aigen Investment Management LP lifted its position in Savers Value Village by 11.2% during the fourth quarter. Aigen Investment Management LP now owns 17,175 shares of the company’s stock worth $176,000 after acquiring an additional 1,726 shares during the last quarter. GSA Capital Partners LLP bought a new stake in shares of Savers Value Village during the third quarter worth approximately $248,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new position in shares of Savers Value Village in the third quarter valued at approximately $252,000. Institutional investors and hedge funds own 98.78% of the company’s stock.

Wall Street Analysts Forecast Growth

SVV has been the subject of several research reports. UBS Group dropped their price target 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. Piper Sandler dropped 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, JPMorgan Chase & Co. decreased their price target on shares of Savers Value Village from $10.00 to $9.00 and set a “neutral” rating on the stock in a research note on Friday, February 21st. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, Savers Value Village currently has a consensus rating of “Moderate Buy” and a consensus target price of $11.67.

Savers Value Village Price Performance

Shares of NYSE SVV opened at $7.15 on Thursday. The business has a fifty day moving average price of $9.63 and a two-hundred day moving average price of $9.80. The stock has a market capitalization of $1.13 billion, a PE ratio of 39.71 and a beta of 1.41. The company has a debt-to-equity ratio of 1.70, a current ratio of 1.04 and a quick ratio of 0.86. Savers Value Village, Inc. has a fifty-two week low of $6.48 and a fifty-two week high of $19.72.

Savers Value Village (NYSE:SVV) last posted its quarterly 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). The company had revenue of $401.99 million during the quarter, compared to analyst estimates of $402.00 million. Savers Value Village had a net margin of 1.89% and a return on equity of 8.74%. As a group, equities analysts predict that Savers Value Village, Inc. will post 0.28 earnings per share for the current fiscal year.

Insider Transactions at Savers Value Village

In other Savers Value Village news, General Counsel Richard A. Medway sold 4,800 shares of the company’s stock in a transaction 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 legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider T. Charles Hunsinger purchased 6,000 shares of the firm’s stock in a transaction dated Friday, March 7th. The stock was acquired at an average price of $7.25 per share, for a total transaction of $43,500.00. Following the purchase, the insider now owns 14,100 shares in the company, valued at approximately $102,225. The trade was a 74.07 % increase in their position. The disclosure for this purchase can be found here. 2.38% of the stock is currently owned by insiders.

Savers Value Village Profile

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.