Primecap Management Co. CA acquired a new position in Savers Value Village, Inc. (NYSE:SVV – Free Report) in the 2nd quarter, HoldingsChannel reports. The fund acquired 748,225 shares of the company’s stock, valued at approximately $7,550,000.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Legal & General Group Plc purchased a new stake in Savers Value Village during the second quarter valued at about $338,000. The Manufacturers Life Insurance Company bought a new position in Savers Value Village during the second quarter worth about $125,000. Connor Clark & Lunn Investment Management Ltd. purchased a new position in shares of Savers Value Village in the second quarter worth about $263,000. Landscape Capital Management L.L.C. purchased a new position in shares of Savers Value Village in the second quarter worth about $4,057,000. Finally, Ieq Capital LLC bought a new stake in shares of Savers Value Village in the second quarter valued at approximately $990,000. 98.78% of the stock is currently owned by institutional investors.
Insider Activity
In other news, CFO Michael W. Maher sold 49,742 shares of the business’s stock in a transaction on Friday, August 7th. The shares were sold at an average price of $12.33, for a total transaction of $613,318.86. Following the completion of the transaction, the chief financial officer directly owned 20,163 shares in the company, valued at $248,609.79. The trade was a 71.16% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Mark T. Walsh sold 92,059 shares of the company’s stock in a transaction on Tuesday, August 11th. The stock was sold at an average price of $11.93, for a total transaction of $1,098,263.87. Following the completion of the transaction, the chief executive officer directly owned 47,363 shares in the company, valued at approximately $565,040.59. The trade was a 66.03% 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. Over the last 90 days, insiders have sold 539,742 shares of company stock valued at $6,242,986. 3.46% of the stock is owned by company insiders.
Savers Value Village Stock Up 1.0%
Savers Value Village (NYSE:SVV – Get Free Report) last announced its quarterly earnings results on Thursday, August 6th. The company reported $0.14 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.14. Savers Value Village had a net margin of 1.42% and a return on equity of 14.58%. The firm had revenue of $448.22 million for the quarter, compared to the consensus estimate of $449.00 million. During the same period in the prior year, the firm posted $0.14 earnings per share. The company’s revenue for the quarter was up 7.4% on a year-over-year basis. Savers Value Village has set its FY 2026 guidance at 0.470-0.530 EPS. On average, equities analysts predict that Savers Value Village, Inc. will post 0.39 EPS for the current fiscal year.
Analyst Upgrades and Downgrades
SVV has been the topic of a number of recent research reports. Weiss Ratings restated a “sell (d)” rating on shares of Savers Value Village in a research note on Tuesday, August 4th. Piper Sandler lifted their price objective on shares of Savers Value Village from $10.00 to $11.00 and gave the company a “neutral” rating in a research note on Friday, August 7th. BTIG Research lowered their target price 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. JPMorgan Chase & Co. increased their target price on Savers Value Village from $11.00 to $14.00 and gave the stock a “neutral” rating in a research report on Friday, August 7th. Finally, Robert W. Baird cut their price target on Savers Value Village from $13.00 to $12.00 and set an “outperform” rating for the company in a report on Thursday, May 7th. Four investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Savers Value Village currently has a consensus rating of “Hold” and a consensus target price of $14.00.
Get Our Latest Stock Analysis on Savers Value Village
About Savers Value Village
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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