The Lovesac Company (NASDAQ:LOVE) Shares Acquired by Anson Funds Management LP

Anson Funds Management LP grew its stake in shares of The Lovesac Company (NASDAQ:LOVE - Free Report) by 13.9% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 814,363 shares of the company's stock after buying an additional 99,651 shares during the period. Lovesac accounts for about 1.0% of Anson Funds Management LP's investment portfolio, making the stock its 18th largest position. Anson Funds Management LP owned about 5.23% of Lovesac worth $23,332,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently modified their holdings of LOVE. Vanguard Group Inc. increased its stake in Lovesac by 1.4% in the 1st quarter. Vanguard Group Inc. now owns 841,537 shares of the company's stock worth $19,019,000 after acquiring an additional 11,745 shares during the last quarter. Price T Rowe Associates Inc. MD raised its stake in Lovesac by 8.2% during the first quarter. Price T Rowe Associates Inc. MD now owns 9,633 shares of the company's stock valued at $218,000 after purchasing an additional 726 shares in the last quarter. Skylands Capital LLC raised its stake in Lovesac by 6.3% during the second quarter. Skylands Capital LLC now owns 218,500 shares of the company's stock valued at $4,934,000 after purchasing an additional 12,960 shares in the last quarter. Rhumbline Advisers lifted its position in Lovesac by 12.4% during the second quarter. Rhumbline Advisers now owns 22,199 shares of the company's stock valued at $501,000 after purchasing an additional 2,449 shares during the last quarter. Finally, Quest Partners LLC grew its stake in shares of Lovesac by 797.6% in the 2nd quarter. Quest Partners LLC now owns 8,572 shares of the company's stock worth $194,000 after buying an additional 7,617 shares in the last quarter. Hedge funds and other institutional investors own 91.32% of the company's stock.

Insider Activity at Lovesac

In other Lovesac news, Director Albert Jack Krause sold 10,000 shares of the business's stock in a transaction on Thursday, October 3rd. The shares were sold at an average price of $26.22, for a total value of $262,200.00. Following the completion of the transaction, the director now owns 177,849 shares in the company, valued at $4,663,200.78. The trade was a 5.32 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 12.33% of the stock is currently owned by company insiders.

Lovesac Stock Up 2.7 %

Shares of LOVE traded up $0.99 during mid-day trading on Friday, hitting $37.95. 213,093 shares of the company traded hands, compared to its average volume of 307,656. The business has a 50 day moving average of $30.95 and a 200 day moving average of $27.08. The company has a market capitalization of $590.50 million, a PE ratio of 74.41, a price-to-earnings-growth ratio of 1.02 and a beta of 2.97. The Lovesac Company has a 1-year low of $18.21 and a 1-year high of $39.49.

Lovesac (NASDAQ:LOVE - Get Free Report) last announced its quarterly earnings results on Thursday, September 12th. The company reported ($0.38) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.46) by $0.08. Lovesac had a net margin of 1.41% and a return on equity of 4.83%. The business had revenue of $156.59 million during the quarter, compared to the consensus estimate of $154.01 million. As a group, research analysts expect that The Lovesac Company will post 1.09 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on LOVE shares. DA Davidson reissued a "buy" rating and set a $32.00 target price on shares of Lovesac in a research note on Thursday, October 3rd. Canaccord Genuity Group upped their target price on shares of Lovesac from $36.00 to $45.00 and gave the stock a "buy" rating in a research note on Monday, December 2nd. Roth Mkm lifted their price target on shares of Lovesac from $31.00 to $35.00 and gave the company a "buy" rating in a research note on Tuesday, November 19th. Finally, Craig Hallum increased their price objective on Lovesac from $30.00 to $35.00 and gave the stock a "buy" rating in a research note on Friday, September 13th. Six analysts have rated the stock with a buy rating, According to data from MarketBeat, Lovesac presently has an average rating of "Buy" and a consensus target price of $36.67.

About Lovesac

The Lovesac Company designs, manufactures, and sells furniture. It offers sactionals, such as seats and sides; sacs, including foam beanbag chairs; and other products comprising drink holders, footsac blankets, decorative pillows, fitted seat tables, and ottomans. The company markets its products primarily through www.lovesac.com website, as well as showrooms at top tier malls, lifestyle centers, mobile concierges, kiosks, and street locations in 41 states in the United States; and in store pop-up- shops and shop-in-shops, and barter inventory transactions.