Renaissance Technologies LLC raised its position in Savers Value Village, Inc. (NYSE:SVV – Free Report) by 33.4% in the first quarter, Holdings Channel.com reports. The institutional investor owned 1,044,264 shares of the company’s stock after purchasing an additional 261,563 shares during the period. Renaissance Technologies LLC’s holdings in Savers Value Village were worth $7,769,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds have also modified their holdings of the company. Arrowstreet Capital Limited Partnership lifted its position in Savers Value Village by 118.3% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 1,745,540 shares of the company’s stock worth $12,987,000 after acquiring an additional 945,823 shares during the period. Caxton Associates LLP acquired a new stake in shares of Savers Value Village during the first quarter worth $90,000. State of Wyoming grew its position in Savers Value Village by 138.3% in the 1st quarter. State of Wyoming now owns 32,948 shares of the company’s stock valued at $245,000 after buying an additional 19,120 shares during the last quarter. Militia Capital Management LLC purchased a new position in Savers Value Village in the 1st quarter valued at $2,858,000. Finally, Danica Pension Livsforsikringsaktieselskab increased its stake in Savers Value Village by 41.4% in the 1st quarter. Danica Pension Livsforsikringsaktieselskab now owns 129,698 shares of the company’s stock valued at $965,000 after buying an additional 38,000 shares during the period. 98.78% of the stock is currently owned by hedge funds and other institutional investors.
Insider Activity at Savers Value Village
In other news, CEO Mark T. Walsh sold 41,600 shares of Savers Value Village stock in a transaction dated Thursday, June 18th. The stock was sold at an average price of $10.08, for a total value of $419,328.00. Following the transaction, the chief executive officer directly owned 47,363 shares of the company’s stock, valued at $477,419.04. The trade was a 46.76% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders sold 45,000 shares of company stock valued at $453,793. Company insiders own 3.46% of the company’s stock.
Savers Value Village Stock Performance
Savers Value Village (NYSE:SVV – Get Free Report) last announced its quarterly earnings data on Wednesday, May 6th. The company reported $0.02 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.02. The company had revenue of $403.19 million during the quarter, compared to analysts’ expectations of $394.53 million. Savers Value Village had a net margin of 1.29% and a return on equity of 12.47%. The business’s quarterly revenue was up 8.9% compared to the same quarter last year. During the same period in the previous year, the company earned $0.02 EPS. Savers Value Village has set its FY 2026 guidance at 0.450-0.530 EPS. Analysts expect that Savers Value Village, Inc. will post 0.35 EPS for the current year.
Analyst Ratings Changes
A number of equities research analysts recently commented on SVV shares. BTIG Research reduced their price objective on shares of Savers Value Village from $18.00 to $15.00 and set a “buy” rating for the company in a research report on Thursday, May 7th. Robert W. Baird decreased their price target on Savers Value Village from $13.00 to $12.00 and set an “outperform” rating on the stock in a research note on Thursday, May 7th. Piper Sandler dropped their price objective on Savers Value Village from $12.00 to $11.00 and set a “neutral” rating on the stock in a report on Monday, May 4th. Finally, Weiss Ratings cut Savers Value Village from a “sell (d+)” rating to a “sell (d)” rating in a research report on Thursday, May 7th. Four analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $14.60.
Check Out Our Latest Report 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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