SG Capital Management LLC Invests $3.84 Million in Savers Value Village, Inc. $SVV

SG Capital Management LLC bought a new stake in shares of Savers Value Village, Inc. (NYSE:SVV) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 290,088 shares of the company’s stock, valued at approximately $3,844,000.

Other institutional investors have also added to or reduced their stakes in the company. Sandia Investment Management LP purchased a new position in shares of Savers Value Village during the 2nd quarter worth $51,000. Lazard Asset Management LLC bought a new position in Savers Value Village in the 2nd quarter worth $57,000. Savant Capital LLC purchased a new position in Savers Value Village during the second quarter valued at $104,000. State of Alaska Department of Revenue bought a new stake in Savers Value Village during the third quarter valued at about $107,000. Finally, Salem Investment Counselors Inc. bought a new stake in Savers Value Village during the third quarter valued at about $119,000. 98.78% of the stock is currently owned by institutional investors.

Savers Value Village Trading Down 2.3%

NYSE SVV opened at $10.65 on Thursday. The stock has a market cap of $1.66 billion, a PE ratio of -1,063.44 and a beta of 0.97. Savers Value Village, Inc. has a 12 month low of $6.48 and a 12 month high of $13.89. The company’s 50-day moving average price is $10.18 and its 200-day moving average price is $10.87. The company has a current ratio of 0.81, a quick ratio of 0.61 and a debt-to-equity ratio of 1.76.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the stock. UBS Group reissued a “buy” rating on shares of Savers Value Village in a report on Wednesday. Wall Street Zen downgraded Savers Value Village from a “buy” rating to a “hold” rating in a research report on Saturday, November 8th. Weiss Ratings restated a “sell (d)” rating on shares of Savers Value Village in a research report on Monday, December 29th. Finally, Craig Hallum started coverage on Savers Value Village in a research report on Monday, January 26th. They issued a “buy” rating and a $19.00 price target for the company. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $14.43.

Insider Transactions at Savers Value Village

In other news, COO Jubran N. Tanious sold 57,706 shares of the firm’s stock in a transaction that occurred on Thursday, December 18th. The shares were sold at an average price of $9.21, for a total transaction of $531,472.26. Following the transaction, the chief operating officer directly owned 99,712 shares of the company’s stock, valued at approximately $918,347.52. This trade represents a 36.66% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 3.09% of the stock is currently owned by company insiders.

Savers Value Village 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.