Jefferies Financial Group Inc. purchased a new position in shares of Savers Value Village, Inc. (NYSE:SVV – Free Report) in the fourth quarter, Holdings Channel reports. The fund purchased 192,537 shares of the company’s stock, valued at approximately $1,798,000.
Other institutional investors also recently added to or reduced their stakes in the company. Caitong International Asset Management Co. Ltd increased its position in shares of Savers Value Village by 281.8% during the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 1,909 shares of the company’s stock valued at $25,000 after purchasing an additional 1,409 shares during the period. Sandia Investment Management LP acquired a new stake in shares of Savers Value Village during the 2nd quarter valued at $51,000. Lazard Asset Management LLC acquired a new stake in shares of Savers Value Village during the 2nd quarter valued at $57,000. Versor Investments LP acquired a new stake in shares of Savers Value Village during the 4th quarter valued at $106,000. Finally, AQR Capital Management LLC acquired a new stake in shares of Savers Value Village during the 1st quarter valued at $120,000. Institutional investors and hedge funds own 98.78% of the company’s stock.
Savers Value Village Price Performance
Shares of NYSE:SVV opened at $8.52 on Thursday. Savers Value Village, Inc. has a fifty-two week low of $6.91 and a fifty-two week high of $13.89. The business has a 50-day moving average of $8.00 and a two-hundred day moving average of $8.99. The stock has a market capitalization of $1.31 billion, a P/E ratio of 60.83 and a beta of 1.30. The company has a debt-to-equity ratio of 1.64, a current ratio of 0.79 and a quick ratio of 0.59.
Wall Street Analysts Forecast Growth
Several analysts have issued reports on the company. UBS Group restated a “buy” rating on shares of Savers Value Village in a report on Wednesday, February 18th. BTIG Research lowered their price objective on shares of Savers Value Village from $18.00 to $15.00 and set a “buy” rating on the stock in a research report on Thursday, May 7th. Robert W. Baird lowered their price objective on shares of Savers Value Village from $13.00 to $12.00 and set an “outperform” rating on the stock in a research report on Thursday, May 7th. Piper Sandler lowered their price objective on shares of Savers Value Village from $12.00 to $11.00 and set a “neutral” rating on the stock in a research report on Monday, May 4th. Finally, Weiss Ratings cut shares of Savers Value Village from a “sell (d+)” rating to a “sell (d)” rating in a research report on Thursday, May 7th. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Savers Value Village presently has an average rating of “Moderate Buy” and a consensus price target of $14.14.
Savers Value Village Company Profile
Savers Value Village, Inc (NYSE: SVV) is a publicly traded thrift retailer that operates a network of donation-based retail stores. Headquartered in Bellevue, Washington, the company specializes in selling second-hand apparel, footwear, household items, accessories and other pre-owned goods. Through its retail stores, SVV offers value-conscious shoppers the opportunity to purchase quality, gently used merchandise at affordable prices.
At the heart of the company’s model is a partnership network with more than 500 nonprofit organizations across North America.
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