Marshall Wace LLP Has $6.71 Million Stock Position in Savers Value Village, Inc. (NYSE:SVV)

Marshall Wace LLP lessened its stake in Savers Value Village, Inc. (NYSE:SVV) by 19.4% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 548,562 shares of the company’s stock after selling 132,437 shares during the quarter. Marshall Wace LLP’s holdings in Savers Value Village were worth $6,714,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in SVV. Parallel Advisors LLC acquired a new position in Savers Value Village during the fourth quarter worth $36,000. nVerses Capital LLC bought a new position in shares of Savers Value Village in the 2nd quarter valued at about $62,000. Mount Yale Investment Advisors LLC acquired a new stake in shares of Savers Value Village in the first quarter valued at about $193,000. Victory Capital Management Inc. bought a new stake in Savers Value Village during the second quarter worth about $255,000. Finally, Oppenheimer Asset Management Inc. acquired a new position in Savers Value Village during the first quarter valued at approximately $267,000. Institutional investors own 98.78% of the company’s stock.

Savers Value Village Price Performance

Shares of NYSE SVV opened at $10.52 on Tuesday. The business’s 50 day moving average is $9.65 and its 200-day moving average is $12.94. The firm has a market cap of $1.70 billion, a P/E ratio of 25.66 and a beta of 1.65. Savers Value Village, Inc. has a 1-year low of $7.78 and a 1-year high of $21.33. The company has a current ratio of 1.03, a quick ratio of 0.87 and a debt-to-equity ratio of 1.75.

Savers Value Village (NYSE:SVV) last posted its quarterly earnings data on Thursday, August 8th. The company reported $0.14 earnings per share for the quarter, missing the consensus estimate of $0.20 by ($0.06). The firm had revenue of $396.70 million for the quarter, compared to the consensus estimate of $391.13 million. Savers Value Village had a return on equity of 2.88% and a net margin of 2.47%. The firm’s quarterly revenue was up 4.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.22 EPS. Equities research analysts predict that Savers Value Village, Inc. will post 0.28 earnings per share for the current year.

Analyst Ratings Changes

Several research firms have weighed in on SVV. Piper Sandler lowered their price target on Savers Value Village from $13.00 to $11.00 and set an “overweight” rating on the stock in a research report on Friday, August 9th. Loop Capital lowered their target price on shares of Savers Value Village from $23.00 to $15.00 and set a “buy” rating on the stock in a report on Monday, August 12th. Robert W. Baird cut their price target on shares of Savers Value Village from $21.00 to $13.00 and set an “outperform” rating for the company in a research note on Friday, August 9th. The Goldman Sachs Group cut Savers Value Village from a “buy” rating to a “neutral” rating and cut their price objective for the company from $14.00 to $10.00 in a research report on Friday, August 9th. Finally, JPMorgan Chase & Co. downgraded Savers Value Village from an “overweight” rating to a “neutral” rating and cut their price target for the company from $21.00 to $12.00 in a report on Monday, July 22nd. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, Savers Value Village presently has an average rating of “Moderate Buy” and an average price target of $12.20.

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.