ExodusPoint Capital Management LP Raises Stock Position in Savers Value Village, Inc. (NYSE:SVV)

ExodusPoint Capital Management LP grew its holdings in shares of Savers Value Village, Inc. (NYSE:SVV) by 110.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 80,053 shares of the company’s stock after purchasing an additional 42,083 shares during the period. ExodusPoint Capital Management LP owned about 0.05% of Savers Value Village worth $821,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Baillie Gifford & Co. increased its stake in shares of Savers Value Village by 570.0% during the fourth quarter. Baillie Gifford & Co. now owns 3,689,478 shares of the company’s stock worth $37,817,000 after buying an additional 3,138,844 shares during the period. Primecap Management Co. CA increased its stake in shares of Savers Value Village by 662.1% during the fourth quarter. Primecap Management Co. CA now owns 471,750 shares of the company’s stock worth $4,835,000 after buying an additional 409,850 shares during the period. Vanguard Group Inc. increased its stake in shares of Savers Value Village by 3.0% during the fourth quarter. Vanguard Group Inc. now owns 2,382,647 shares of the company’s stock worth $24,422,000 after buying an additional 68,316 shares during the period. Bank of New York Mellon Corp increased its stake in shares of Savers Value Village by 94.0% during the fourth quarter. Bank of New York Mellon Corp now owns 124,901 shares of the company’s stock worth $1,280,000 after buying an additional 60,507 shares during the period. Finally, Geode Capital Management LLC boosted its holdings in Savers Value Village by 10.2% in the third quarter. Geode Capital Management LLC now owns 542,999 shares of the company’s stock valued at $5,714,000 after purchasing an additional 50,051 shares in the last quarter. 98.78% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Savers Value Village

In other Savers Value Village news, insider T. Charles Hunsinger bought 6,000 shares of Savers Value Village stock in a transaction on Friday, March 7th. The stock was bought at an average price of $7.25 per share, with a total value of $43,500.00. Following the completion of 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 ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, General Counsel Richard A. Medway sold 4,800 shares of the firm’s stock in a transaction on Tuesday, January 21st. The shares were sold at an average price of $11.48, for a total value of $55,104.00. The disclosure for this sale can be found here. 2.38% of the stock is currently owned by insiders.

Savers Value Village Stock Performance

Shares of SVV opened at $8.27 on Friday. The company has a current ratio of 1.04, a quick ratio of 0.86 and a debt-to-equity ratio of 1.70. The firm has a market cap of $1.31 billion, a PE ratio of 45.92 and a beta of 1.24. The company’s 50 day simple moving average is $8.33 and its 200-day simple moving average is $9.52. Savers Value Village, Inc. has a 12-month low of $6.48 and a 12-month high of $17.91.

Savers Value Village (NYSE:SVV) last posted its quarterly earnings data on Thursday, February 20th. The company reported $0.05 earnings per share for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.04). Savers Value Village had a net margin of 1.89% and a return on equity of 8.74%. The firm had revenue of $401.99 million during the quarter, compared to analysts’ expectations of $402.00 million. As a group, equities analysts predict that Savers Value Village, Inc. will post 0.28 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on SVV shares. JPMorgan Chase & Co. lowered their price target on Savers Value Village from $10.00 to $9.00 and set a “neutral” rating for the company in a report on Friday, February 21st. UBS Group lowered their price target on Savers Value Village from $14.00 to $13.00 and set a “buy” rating for the company in a report on Friday, February 21st. William Blair started coverage on Savers Value Village in a report on Friday, April 4th. They issued an “outperform” rating for the company. Finally, Piper Sandler lowered their price target on Savers Value Village from $11.00 to $10.00 and set a “neutral” rating for the company in a report on Monday, February 24th. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $11.67.

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.