Baillie Gifford & Co. Acquires 3,138,844 Shares of Savers Value Village, Inc. (NYSE:SVV)

Baillie Gifford & Co. lifted its holdings in Savers Value Village, Inc. (NYSE:SVV) by 570.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,689,478 shares of the company’s stock after acquiring an additional 3,138,844 shares during the period. Baillie Gifford & Co. owned 2.31% of Savers Value Village worth $37,817,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in SVV. AIA Group Ltd lifted its position in shares of Savers Value Village by 120.6% in the third quarter. AIA Group Ltd now owns 106,641 shares of the company’s stock worth $1,122,000 after buying an additional 58,297 shares in the last quarter. GSA Capital Partners LLP purchased a new stake in shares of Savers Value Village in the third quarter worth about $248,000. Aigen Investment Management LP lifted its position in shares of Savers Value Village by 29.0% in the third quarter. Aigen Investment Management LP now owns 15,449 shares of the company’s stock worth $163,000 after buying an additional 3,477 shares in the last quarter. Primecap Management Co. CA purchased a new stake in shares of Savers Value Village in the third quarter worth about $651,000. Finally, Charles Schwab Investment Management Inc. lifted its position in shares of Savers Value Village by 13.5% in the third quarter. Charles Schwab Investment Management Inc. now owns 207,785 shares of the company’s stock worth $2,186,000 after buying an additional 24,746 shares in the last quarter. 98.78% of the stock is currently owned by hedge funds and other institutional investors.

Savers Value Village Trading Down 0.4 %

Shares of NYSE SVV opened at $11.28 on Tuesday. 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 business’s 50 day moving average price is $10.60 and its 200-day moving average price is $10.04. Savers Value Village, Inc. has a fifty-two week low of $7.78 and a fifty-two week high of $21.33. The company has a market cap of $1.80 billion, a price-to-earnings ratio of 24.52 and a beta of 1.09.

Insider Transactions at Savers Value Village

In other news, General Counsel Richard A. Medway sold 4,800 shares of the stock in a transaction that occurred on Tuesday, January 21st. The stock was sold at an average price of $11.48, for a total value of $55,104.00. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Company insiders own 2.38% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Piper Sandler upped their price objective on Savers Value Village from $10.00 to $11.00 and gave the company a “neutral” rating in a research report on Friday, January 17th. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $12.20.

About Savers Value Village

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.