Savers Value Village, Inc. (NYSE:SVV) Shares Acquired by ExodusPoint Capital Management LP

ExodusPoint Capital Management LP lifted its position in shares of Savers Value Village, Inc. (NYSE:SVV) by 110.8% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 80,053 shares of the company’s stock after buying an additional 42,083 shares during the quarter. ExodusPoint Capital Management LP’s holdings in Savers Value Village were worth $821,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. KLP Kapitalforvaltning AS acquired a new position in shares of Savers Value Village during the 4th quarter worth $57,000. AlphaQuest LLC purchased a new stake in Savers Value Village during the 4th quarter worth about $113,000. Handelsbanken Fonder AB purchased a new stake in Savers Value Village during the 4th quarter worth about $138,000. American Century Companies Inc. increased its position in Savers Value Village by 15.6% during the 4th quarter. American Century Companies Inc. now owns 15,410 shares of the company’s stock worth $158,000 after purchasing an additional 2,085 shares in the last quarter. Finally, Aigen Investment Management LP increased its position in Savers Value Village by 11.2% during the 4th quarter. Aigen Investment Management LP now owns 17,175 shares of the company’s stock worth $176,000 after purchasing an additional 1,726 shares in the last quarter. Institutional investors and hedge funds own 98.78% of the company’s stock.

Insider Buying and Selling

In other Savers Value Village news, General Counsel Richard A. Medway sold 4,800 shares of the company’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 value of $55,104.00. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider T. Charles Hunsinger bought 6,000 shares of the business’s stock in a transaction on Friday, March 7th. The stock was acquired at an average cost of $7.25 per share, for a total transaction of $43,500.00. Following the completion of the transaction, the insider now owns 14,100 shares in the company, valued at $102,225. This 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 currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research firms recently commented on SVV. JPMorgan Chase & Co. dropped their price objective on Savers Value Village from $10.00 to $9.00 and set a “neutral” rating for the company in a research report on Friday, February 21st. Piper Sandler dropped their price objective on Savers Value Village from $11.00 to $10.00 and set a “neutral” rating for the company in a research report on Monday, February 24th. William Blair started coverage on Savers Value Village in a research report on Friday, April 4th. They set an “outperform” rating for the company. Finally, UBS Group lowered 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. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, Savers Value Village currently has a consensus rating of “Moderate Buy” and an average target price of $11.67.

Savers Value Village Stock Down 0.4 %

Shares of NYSE:SVV opened at $8.27 on Friday. The company has a debt-to-equity ratio of 1.70, a quick ratio of 0.86 and a current ratio of 1.04. Savers Value Village, Inc. has a 1 year low of $6.48 and a 1 year high of $17.91. The stock has a market capitalization of $1.31 billion, a P/E ratio of 45.92 and a beta of 1.24. The stock has a 50-day simple moving average of $8.33 and a 200-day simple moving average of $9.52.

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

About Savers Value Village

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.