Savers Value Village, Inc. (NYSE:SVV) Shares Bought by Geode Capital Management LLC

Geode Capital Management LLC increased its position in Savers Value Village, Inc. (NYSE:SVV) by 10.2% in the 3rd quarter, Holdings Channel reports. The firm owned 542,999 shares of the company’s stock after buying an additional 50,051 shares during the period. Geode Capital Management LLC’s holdings in Savers Value Village were worth $5,714,000 as of its most recent filing with the SEC.

A number of other large investors have also recently made changes to their positions in the company. Makaira Partners LLC acquired a new position in shares of Savers Value Village in the 2nd quarter valued at $27,418,000. Thrivent Financial for Lutherans grew its holdings in shares of Savers Value Village by 329.5% during the second quarter. Thrivent Financial for Lutherans now owns 2,068,621 shares of the company’s stock worth $25,320,000 after buying an additional 1,586,964 shares during the last quarter. FMR LLC raised its stake in Savers Value Village by 30.8% during the 3rd quarter. FMR LLC now owns 3,437,895 shares of the company’s stock valued at $36,167,000 after acquiring an additional 808,867 shares during the last quarter. The Manufacturers Life Insurance Company grew its stake in shares of Savers Value Village by 34.3% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 1,883,269 shares of the company’s stock valued at $23,051,000 after purchasing an additional 481,423 shares during the last quarter. Finally, Maverick Capital Ltd. acquired a new stake in shares of Savers Value Village during the third quarter worth $2,163,000. 98.78% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Savers Value Village

In related news, COO Jubran N. Tanious sold 7,889 shares of the stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of $10.31, for a total transaction of $81,335.59. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 2.38% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Separately, Piper Sandler reaffirmed a “neutral” rating and issued a $10.00 target price (down previously from $11.00) on shares of Savers Value Village in a report on Friday, November 8th. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $12.00.

Savers Value Village Stock Down 2.2 %

SVV opened at $10.03 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. The company has a market cap of $1.60 billion, a price-to-earnings ratio of 21.80 and a beta of 1.04. Savers Value Village, Inc. has a one year low of $7.78 and a one year high of $21.33. The business’s fifty day moving average is $9.88 and its two-hundred day moving average is $10.16.

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.