Baillie Gifford & Co. Acquires Shares of 408,533 Savers Value Village, Inc. (NYSE:SVV)

Baillie Gifford & Co. acquired a new stake in Savers Value Village, Inc. (NYSE:SVV) during the second quarter, HoldingsChannel reports. The firm acquired 408,533 shares of the company’s stock, valued at approximately $5,000,000.

A number of other institutional investors and hedge funds have also made changes to their positions in SVV. Norges Bank acquired a new position in Savers Value Village during the fourth quarter worth about $25,076,000. Goldman Sachs Group Inc. lifted its holdings in shares of Savers Value Village by 103.8% in the fourth quarter. Goldman Sachs Group Inc. now owns 972,863 shares of the company’s stock valued at $16,908,000 after purchasing an additional 495,482 shares in the last quarter. Alberta Investment Management Corp lifted its holdings in shares of Savers Value Village by 345.3% in the fourth quarter. Alberta Investment Management Corp now owns 206,564 shares of the company’s stock valued at $3,590,000 after purchasing an additional 160,176 shares in the last quarter. Wolf Hill Capital Management LP purchased a new position in shares of Savers Value Village during the fourth quarter valued at approximately $2,714,000. Finally, Lighthouse Investment Partners LLC purchased a new position in shares of Savers Value Village during the fourth quarter valued at approximately $2,607,000. 98.78% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on SVV. Piper Sandler reduced their price objective on shares of Savers Value Village from $13.00 to $11.00 and set an “overweight” rating on the stock in a research note on Friday, August 9th. Loop Capital reduced their price objective on shares of Savers Value Village from $23.00 to $15.00 and set a “buy” rating on the stock in a research note on Monday, August 12th. The Goldman Sachs Group downgraded shares of Savers Value Village from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $14.00 to $10.00 in a research note on Friday, August 9th. Robert W. Baird dropped their price target on shares of Savers Value Village from $21.00 to $13.00 and set an “outperform” rating for the company in a research report on Friday, August 9th. Finally, JPMorgan Chase & Co. lowered shares of Savers Value Village from an “overweight” rating to a “neutral” rating and dropped their price target for the stock from $21.00 to $12.00 in a research report on Monday, July 22nd. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, Savers Value Village has an average rating of “Moderate Buy” and a consensus price target of $12.20.

Savers Value Village Price Performance

Savers Value Village stock opened at $9.93 on Monday. Savers Value Village, Inc. has a 52-week low of $7.78 and a 52-week high of $26.88. The firm has a fifty day moving average of $10.76 and a 200-day moving average of $14.79. The firm has a market capitalization of $1.61 billion, a P/E ratio of 24.22 and a beta of 1.67. The company has a quick ratio of 0.87, a current ratio of 1.03 and a debt-to-equity ratio of 1.75.

Savers Value Village (NYSE:SVV) last released its quarterly earnings data on Thursday, August 8th. The company reported $0.14 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.20 by ($0.06). Savers Value Village had a return on equity of 2.88% and a net margin of 2.47%. The business had revenue of $396.70 million during the quarter, compared to analyst estimates of $391.13 million. During the same period in the previous year, the company earned $0.22 EPS. Savers Value Village’s revenue was up 4.6% on a year-over-year basis. As a group, analysts predict that Savers Value Village, Inc. will post 0.49 EPS for the current year.

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.