The Manufacturers Life Insurance Company Acquires 481,423 Shares of Savers Value Village, Inc. (NYSE:SVV)

The Manufacturers Life Insurance Company increased its holdings in shares of Savers Value Village, Inc. (NYSE:SVV) by 34.3% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,883,269 shares of the company’s stock after acquiring an additional 481,423 shares during the quarter. The Manufacturers Life Insurance Company owned about 1.16% of Savers Value Village worth $23,051,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Hsbc Holdings PLC increased its holdings in shares of Savers Value Village by 6.7% during the second quarter. Hsbc Holdings PLC now owns 27,879 shares of the company’s stock worth $335,000 after purchasing an additional 1,749 shares during the period. Parallel Advisors LLC bought a new position in shares of Savers Value Village in the fourth quarter worth $36,000. Sei Investments Co. raised its stake in Savers Value Village by 8.9% in the second quarter. Sei Investments Co. now owns 58,704 shares of the company’s stock valued at $719,000 after purchasing an additional 4,808 shares in the last quarter. nVerses Capital LLC bought a new stake in Savers Value Village during the second quarter worth about $62,000. Finally, Mount Yale Investment Advisors LLC acquired a new stake in Savers Value Village during the first quarter worth about $193,000. Institutional investors and hedge funds own 98.78% of the company’s stock.

Wall Street Analyst Weigh In

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

Savers Value Village Trading Down 1.2 %

Shares of SVV stock opened at $10.39 on Wednesday. Savers Value Village, Inc. has a twelve month low of $7.78 and a twelve month high of $21.33. The stock’s fifty day simple moving average is $9.65 and its 200 day simple moving average is $12.94. The company has a quick ratio of 0.87, a current ratio of 1.03 and a debt-to-equity ratio of 1.75. The firm has a market capitalization of $1.68 billion, a P/E ratio of 25.34 and a beta of 1.65.

Savers Value Village (NYSE:SVV) last released its quarterly earnings results 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). Savers Value Village had a return on equity of 2.88% and a net margin of 2.47%. The firm had revenue of $396.70 million for the quarter, compared to the consensus estimate of $391.13 million. During the same quarter last year, the firm posted $0.22 earnings per share. The business’s revenue for the quarter was up 4.6% on a year-over-year basis. As a group, sell-side analysts predict that Savers Value Village, Inc. will post 0.28 EPS for the current fiscal 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.