Landscape Capital Management L.L.C. acquired a new stake in shares of Savers Value Village, Inc. (NYSE:SVV – Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 402,100 shares of the company’s stock, valued at approximately $4,057,000.
Other large investors also recently bought and sold shares of the company. Caitong International Asset Management Co. Ltd lifted its holdings in Savers Value Village by 281.8% during the third quarter. Caitong International Asset Management Co. Ltd now owns 1,909 shares of the company’s stock worth $25,000 after buying an additional 1,409 shares during the period. Sandia Investment Management LP purchased a new position in shares of Savers Value Village in the 2nd quarter valued at $51,000. Lazard Asset Management LLC purchased a new position in shares of Savers Value Village in the 2nd quarter valued at $57,000. Royal Bank of Canada raised its position in shares of Savers Value Village by 801.5% in the 1st quarter. Royal Bank of Canada now owns 11,233 shares of the company’s stock worth $83,000 after acquiring an additional 9,987 shares in the last quarter. Finally, Caxton Associates LLP bought a new position in shares of Savers Value Village in the 1st quarter worth $90,000. Institutional investors own 98.78% of the company’s stock.
Savers Value Village Stock Up 3.0%
Savers Value Village stock opened at $10.78 on Friday. The company has a debt-to-equity ratio of 1.59, a current ratio of 0.84 and a quick ratio of 0.66. The stock has a market capitalization of $1.66 billion, a price-to-earnings ratio of 67.38 and a beta of 1.21. Savers Value Village, Inc. has a 1-year low of $6.91 and a 1-year high of $13.89. The business has a fifty day moving average price of $10.19 and a 200-day moving average price of $9.27.
Insiders Place Their Bets
In other news, General Counsel Richard A. Medway sold 45,000 shares of the business’s stock in a transaction dated Friday, August 7th. The stock was sold at an average price of $11.98, for a total transaction of $539,100.00. Following the sale, the general counsel owned 14,440 shares in the company, valued at approximately $172,991.20. The trade was a 75.71% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Melinda L. Geisser sold 50,000 shares of the company’s stock in a transaction dated Friday, August 7th. The shares were sold at an average price of $12.03, for a total transaction of $601,500.00. Following the transaction, the insider owned 10,576 shares in the company, valued at approximately $127,229.28. This trade represents a 82.54% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 539,742 shares of company stock worth $6,242,986 in the last three months. Insiders own 3.46% of the company’s stock.
Analyst Upgrades and Downgrades
A number of brokerages recently weighed in on SVV. Piper Sandler upped their price objective on Savers Value Village from $10.00 to $11.00 and gave the stock a “neutral” rating in a research note on Friday, August 7th. Weiss Ratings reiterated a “sell (d)” rating on shares of Savers Value Village in a research note on Tuesday, August 4th. The Goldman Sachs Group reiterated a “neutral” rating and issued a $11.00 target price on shares of Savers Value Village in a report on Friday, August 7th. JPMorgan Chase & Co. increased their price target on shares of Savers Value Village from $11.00 to $14.00 and gave the company a “neutral” rating in a research report on Friday, August 7th. Finally, BTIG Research lowered their price target on shares of Savers Value Village from $18.00 to $15.00 and set a “buy” rating on the stock in a report on Thursday, May 7th. Four equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $14.00.
Read Our Latest Stock Report on SVV
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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