Bank of New York Mellon Corp Lowers Stake in Savers Value Village, Inc. (NYSE:SVV)

Bank of New York Mellon Corp cut its position in Savers Value Village, Inc. (NYSE:SVV) by 30.2% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 99,215 shares of the company’s stock after selling 42,916 shares during the period. Bank of New York Mellon Corp’s holdings in Savers Value Village were worth $1,214,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. Parallel Advisors LLC bought a new position in Savers Value Village in the 4th quarter worth approximately $36,000. Mount Yale Investment Advisors LLC purchased a new position in shares of Savers Value Village in the first quarter worth $193,000. Oppenheimer Asset Management Inc. bought a new position in shares of Savers Value Village during the first quarter worth $267,000. GSA Capital Partners LLP purchased a new position in Savers Value Village during the first quarter valued at $456,000. Finally, Boston Partners bought a new stake in Savers Value Village in the 1st quarter valued at $625,000. 98.78% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

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

Savers Value Village Trading Up 1.5 %

Shares of SVV opened at $10.41 on Friday. The company’s fifty day simple moving average is $9.77 and its 200-day simple moving average is $13.42. The company has a market cap of $1.67 billion, a P/E ratio of 25.39 and a beta of 1.65. 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, Inc. has a twelve month low of $7.78 and a twelve month high of $21.33.

Savers Value Village (NYSE:SVV) last announced its quarterly earnings data on Thursday, August 8th. The company reported $0.14 earnings per share (EPS) 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 during the quarter, compared to the consensus estimate of $391.13 million. During the same period in the previous year, the business earned $0.22 EPS. The firm’s revenue for the quarter was up 4.6% on a year-over-year basis. As a group, analysts expect that Savers Value Village, Inc. will post 0.28 EPS for the current year.

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.