Archon Capital Management LLC Takes $3.95 Million Position in Savers Value Village, Inc. (NYSE:SVV)

Archon Capital Management LLC purchased a new stake in shares of Savers Value Village, Inc. (NYSE:SVV) in the fourth quarter, according to its most recent disclosure with the SEC. The firm purchased 384,884 shares of the company’s stock, valued at approximately $3,945,000. Savers Value Village makes up 3.8% of Archon Capital Management LLC’s investment portfolio, making the stock its 6th largest position.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. KLP Kapitalforvaltning AS purchased a new position in Savers Value Village in the 4th quarter valued at about $57,000. Wells Fargo & Company MN lifted its stake in shares of Savers Value Village by 51.7% in the fourth quarter. Wells Fargo & Company MN now owns 10,931 shares of the company’s stock worth $112,000 after acquiring an additional 3,725 shares in the last quarter. AlphaQuest LLC purchased a new position in Savers Value Village in the fourth quarter valued at about $113,000. Handelsbanken Fonder AB purchased a new position in Savers Value Village in the fourth quarter valued at about $138,000. Finally, American Century Companies Inc. grew its stake 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 valued at $158,000 after purchasing an additional 2,085 shares in the last quarter. Hedge funds and other institutional investors own 98.78% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on SVV. Piper Sandler cut their target price on Savers Value Village from $11.00 to $10.00 and set a “neutral” rating on the stock in a research report on Monday, February 24th. UBS Group cut their price target on shares of Savers Value Village from $14.00 to $13.00 and set a “buy” rating on the stock in a report on Friday, February 21st. William Blair assumed coverage on shares of Savers Value Village in a report on Friday, April 4th. They set an “outperform” rating for the company. Finally, JPMorgan Chase & Co. dropped their target price on shares of 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. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $11.67.

Savers Value Village Stock Performance

SVV stock opened at $8.99 on Friday. The stock’s 50 day simple moving average is $8.29 and its 200 day simple moving average is $9.51. Savers Value Village, Inc. has a 12-month low of $6.48 and a 12-month high of $17.91. The firm has a market cap of $1.43 billion, a P/E ratio of 49.92 and a beta of 1.24. The company has a current ratio of 1.04, a quick ratio of 0.86 and a debt-to-equity ratio of 1.70.

Savers Value Village (NYSE:SVV) last issued its earnings results on Thursday, February 20th. The company reported $0.05 earnings per share for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.04). Savers Value Village had a return on equity of 8.74% and a net margin of 1.89%. The business had revenue of $401.99 million for the quarter, compared to analyst estimates of $402.00 million. As a group, equities research analysts predict that Savers Value Village, Inc. will post 0.28 EPS for the current year.

Insider Buying and Selling

In other news, insider T. Charles Hunsinger purchased 6,000 shares of Savers Value Village stock in a transaction dated Friday, March 7th. The stock was bought at an average price of $7.25 per share, with a total value of $43,500.00. Following the completion of the acquisition, the insider now owns 14,100 shares in the company, valued at $102,225. The trade was a 74.07 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, General Counsel Richard A. Medway sold 4,800 shares of the company’s stock in a transaction dated Tuesday, January 21st. The stock was sold at an average price of $11.48, for a total transaction of $55,104.00. The disclosure for this sale can be found here. 2.38% of the stock is owned by company 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.