Bank of New York Mellon Corp Has $1.28 Million Stock Holdings in Savers Value Village, Inc. (NYSE:SVV)

Bank of New York Mellon Corp raised its position in Savers Value Village, Inc. (NYSE:SVV) by 94.0% during the 4th quarter, HoldingsChannel reports. The fund owned 124,901 shares of the company’s stock after buying an additional 60,507 shares during the quarter. Bank of New York Mellon Corp’s holdings in Savers Value Village were worth $1,280,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of SVV. Geode Capital Management LLC raised its stake in shares of Savers Value Village by 10.2% during the 3rd quarter. Geode Capital Management LLC now owns 542,999 shares of the company’s stock worth $5,714,000 after purchasing an additional 50,051 shares in the last quarter. Baillie Gifford & Co. grew its holdings in Savers Value Village by 570.0% in the 4th quarter. Baillie Gifford & Co. now owns 3,689,478 shares of the company’s stock valued at $37,817,000 after buying an additional 3,138,844 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new position in Savers Value Village in the 3rd quarter valued at $252,000. FMR LLC grew its holdings in Savers Value Village by 30.8% in the 3rd quarter. FMR LLC now owns 3,437,895 shares of the company’s stock valued at $36,167,000 after buying an additional 808,867 shares in the last quarter. Finally, PDT Partners LLC acquired a new position in Savers Value Village in the 3rd quarter valued at $1,698,000. Institutional investors own 98.78% of the company’s stock.

Insider Transactions at Savers Value Village

In related news, General Counsel Richard A. Medway sold 4,800 shares of the firm’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 legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider T. Charles Hunsinger bought 6,000 shares of the firm’s stock in a transaction that occurred on Friday, March 7th. The shares were acquired at an average cost of $7.25 per share, with a total value of $43,500.00. Following the purchase, the insider now directly owns 14,100 shares of the company’s stock, valued at $102,225. This trade represents a 74.07 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 2.38% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research analysts have commented on the company. Piper Sandler decreased their price objective on Savers Value Village from $11.00 to $10.00 and set a “neutral” rating on the stock in a report on Monday, February 24th. JPMorgan Chase & Co. reduced their target price on Savers Value Village from $10.00 to $9.00 and set a “neutral” rating on the stock in a report on Friday, February 21st. Finally, UBS Group reduced their target price on Savers Value Village from $14.00 to $13.00 and set a “buy” rating on the stock in a report on Friday, February 21st. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, Savers Value Village has a consensus rating of “Moderate Buy” and an average price target of $11.67.

Savers Value Village Price Performance

Savers Value Village stock opened at $7.03 on Monday. The company has a current ratio of 1.04, a quick ratio of 0.86 and a debt-to-equity ratio of 1.70. The company has a market capitalization of $1.11 billion, a PE ratio of 39.03 and a beta of 1.41. Savers Value Village, Inc. has a 12 month low of $6.48 and a 12 month high of $19.72. The stock has a 50-day moving average price of $9.51 and a two-hundred day moving average price of $9.78.

Savers Value Village (NYSE:SVV) last posted its earnings results 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 during 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%. Analysts expect that Savers Value Village, Inc. will post 0.28 EPS for the current year.

Savers Value Village Company 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.