AIA Group Ltd Trims Holdings in Savers Value Village, Inc. (NYSE:SVV)

AIA Group Ltd lowered its position in Savers Value Village, Inc. (NYSE:SVV) by 7.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 98,993 shares of the company’s stock after selling 7,648 shares during the period. AIA Group Ltd owned approximately 0.06% of Savers Value Village worth $1,015,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Norges Bank purchased a new stake in shares of Savers Value Village in the 4th quarter valued at $207,000. Vanguard Group Inc. boosted its holdings in Savers Value Village by 3.0% in the fourth quarter. Vanguard Group Inc. now owns 2,382,647 shares of the company’s stock valued at $24,422,000 after purchasing an additional 68,316 shares during the last quarter. KLP Kapitalforvaltning AS acquired a new stake in Savers Value Village during the 4th quarter worth about $57,000. American Century Companies Inc. raised its stake in shares of 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 buying an additional 2,085 shares during the last quarter. Finally, Primecap Management Co. CA lifted its holdings in shares of Savers Value Village by 662.1% in the 4th quarter. Primecap Management Co. CA now owns 471,750 shares of the company’s stock valued at $4,835,000 after buying an additional 409,850 shares during the period. Institutional investors and hedge funds own 98.78% of the company’s stock.

Savers Value Village Price Performance

Shares of NYSE SVV opened at $6.93 on Tuesday. 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 firm has a fifty day moving average of $9.04 and a 200 day moving average of $9.70. The firm has a market cap of $1.10 billion, a PE ratio of 38.47 and a beta of 1.41. Savers Value Village, Inc. has a one year low of $6.48 and a one year high of $19.72.

Savers Value Village (NYSE:SVV) last released its earnings results on Thursday, February 20th. The company reported $0.05 EPS 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 company had revenue of $401.99 million for the quarter, compared to analysts’ expectations of $402.00 million. As a group, research analysts predict that Savers Value Village, Inc. will post 0.28 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on SVV shares. UBS Group reduced their price target on Savers Value Village from $14.00 to $13.00 and set a “buy” rating for the company in a research report on Friday, February 21st. Piper Sandler decreased their target price on shares of Savers Value Village from $11.00 to $10.00 and set a “neutral” rating for the company in a research note on Monday, February 24th. Finally, JPMorgan Chase & Co. dropped their price target on shares of Savers Value Village from $10.00 to $9.00 and set a “neutral” rating on the stock in a research report on Friday, February 21st. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, Savers Value Village currently has an average rating of “Moderate Buy” and an average target price of $11.67.

Insiders Place Their Bets

In related news, General Counsel Richard A. Medway sold 4,800 shares of the business’s stock in a transaction dated Tuesday, January 21st. The shares were sold at an average price of $11.48, for a total transaction of $55,104.00. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider T. Charles Hunsinger acquired 6,000 shares of the business’s stock in a transaction on Friday, March 7th. The stock was acquired at an average price of $7.25 per share, with a total value of $43,500.00. Following 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 disclosure for this purchase can be found here. 2.38% of the stock is owned by company insiders.

About Savers Value Village

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.