Northwest & Ethical Investments L.P. Grows Stake in Savers Value Village, Inc. (NYSE:SVV)

Northwest & Ethical Investments L.P. increased its holdings in shares of Savers Value Village, Inc. (NYSE:SVV) by 89.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 99,500 shares of the company’s stock after purchasing an additional 47,100 shares during the quarter. Northwest & Ethical Investments L.P.’s holdings in Savers Value Village were worth $1,047,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. nVerses Capital LLC acquired a new stake in Savers Value Village during the second quarter worth approximately $62,000. Aigen Investment Management LP boosted its holdings in shares of Savers Value Village by 29.0% in the 3rd quarter. Aigen Investment Management LP now owns 15,449 shares of the company’s stock valued at $163,000 after buying an additional 3,477 shares in the last quarter. GSA Capital Partners LLP purchased a new position in shares of Savers Value Village in the 3rd quarter valued at $248,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new stake in Savers Value Village during the 3rd quarter worth $252,000. Finally, Victory Capital Management Inc. acquired a new stake in Savers Value Village during the 2nd quarter worth $255,000. Hedge funds and other institutional investors own 98.78% of the company’s stock.

Insider Buying and Selling at Savers Value Village

In other news, COO Jubran N. Tanious sold 7,889 shares of the firm’s stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $10.31, for a total value of $81,335.59. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 2.38% of the company’s stock.

Savers Value Village Price Performance

Shares of SVV opened at $9.36 on Friday. The firm has a 50-day simple moving average of $10.00 and a 200-day simple moving average of $10.73. The company has a debt-to-equity ratio of 1.70, a quick ratio of 0.86 and a current ratio of 1.04. The company has a market capitalization of $1.50 billion, a price-to-earnings ratio of 20.54 and a beta of 1.59. Savers Value Village, Inc. has a fifty-two week low of $7.78 and a fifty-two week high of $21.33.

Analysts Set New Price Targets

SVV has been the topic of several research reports. Piper Sandler reaffirmed a “neutral” rating and set a $10.00 price objective (down previously from $11.00) on shares of Savers Value Village in a report on Friday, November 8th. Loop Capital decreased their target price on Savers Value Village from $23.00 to $15.00 and set a “buy” rating for the company in a research report on Monday, August 12th. Robert W. Baird cut their price target on Savers Value Village from $21.00 to $13.00 and set an “outperform” rating on the stock in a research report on Friday, August 9th. Finally, The Goldman Sachs Group downgraded Savers Value Village from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $14.00 to $10.00 in a report on Friday, August 9th. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat, Savers Value Village 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.