Baillie Gifford & Co. Grows Position in Savers Value Village, Inc. (NYSE:SVV)

Baillie Gifford & Co. boosted its stake in shares of Savers Value Village, Inc. (NYSE:SVV) by 34.8% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 550,634 shares of the company’s stock after acquiring an additional 142,101 shares during the period. Baillie Gifford & Co.’s holdings in Savers Value Village were worth $5,793,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Hsbc Holdings PLC grew its position in shares of Savers Value Village by 6.7% during the second quarter. Hsbc Holdings PLC now owns 27,879 shares of the company’s stock valued at $335,000 after purchasing an additional 1,749 shares in the last quarter. Sei Investments Co. boosted its stake in Savers Value Village by 8.9% during the second quarter. Sei Investments Co. now owns 58,704 shares of the company’s stock valued at $719,000 after buying an additional 4,808 shares during the last quarter. nVerses Capital LLC purchased a new position in Savers Value Village during the 2nd quarter valued at approximately $62,000. Mount Yale Investment Advisors LLC bought a new stake in Savers Value Village in the 1st quarter worth approximately $193,000. Finally, TD Asset Management Inc raised its holdings in shares of Savers Value Village by 26.8% during the 2nd quarter. TD Asset Management Inc now owns 52,056 shares of the company’s stock worth $637,000 after acquiring an additional 11,000 shares in the last quarter. 98.78% of the stock is currently owned by institutional investors.

Savers Value Village Stock Up 0.8 %

Shares of NYSE:SVV opened at $9.78 on Thursday. The firm has a market capitalization of $1.56 billion, a PE ratio of 21.26 and a beta of 1.59. The business has a 50 day simple moving average of $10.09 and a two-hundred day simple moving average of $11.25. Savers Value Village, Inc. has a 1 year low of $7.78 and a 1 year high of $21.33. The company has a debt-to-equity ratio of 1.70, a current ratio of 1.04 and a quick ratio of 0.87.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on SVV. JPMorgan Chase & Co. lowered shares of Savers Value Village from an “overweight” rating to a “neutral” rating and cut their target price for the company from $21.00 to $12.00 in a report on Monday, July 22nd. Robert W. Baird reduced their target price on shares of Savers Value Village from $21.00 to $13.00 and set an “outperform” rating on the stock in a report on Friday, August 9th. Piper Sandler reaffirmed a “neutral” rating and issued a $10.00 price target (down previously from $11.00) on shares of Savers Value Village in a report on Friday, November 8th. The Goldman Sachs Group cut Savers Value Village from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $14.00 to $10.00 in a research note on Friday, August 9th. Finally, Loop Capital lowered their price objective on Savers Value Village from $23.00 to $15.00 and set a “buy” rating for the company in a research note on Monday, August 12th. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, Savers Value Village currently has a consensus rating of “Hold” and a consensus price target of $12.00.

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.