The Lovesac Company (NASDAQ:LOVE) Shares Purchased by Barclays PLC

Barclays PLC lifted its position in shares of The Lovesac Company (NASDAQ:LOVE - Free Report) by 312.7% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 20,312 shares of the company's stock after acquiring an additional 15,390 shares during the quarter. Barclays PLC owned 0.13% of Lovesac worth $583,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Rhumbline Advisers raised its stake in shares of Lovesac by 12.4% during the 2nd quarter. Rhumbline Advisers now owns 22,199 shares of the company's stock worth $501,000 after buying an additional 2,449 shares in the last quarter. American Century Companies Inc. raised its position in Lovesac by 78.6% in the second quarter. American Century Companies Inc. now owns 291,579 shares of the company's stock worth $6,584,000 after acquiring an additional 128,285 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in Lovesac by 3.5% in the second quarter. Dimensional Fund Advisors LP now owns 795,011 shares of the company's stock valued at $17,951,000 after acquiring an additional 26,872 shares during the period. Hood River Capital Management LLC boosted its position in shares of Lovesac by 8.8% during the 2nd quarter. Hood River Capital Management LLC now owns 774,015 shares of the company's stock worth $17,477,000 after purchasing an additional 62,615 shares in the last quarter. Finally, Lombard Odier Asset Management USA Corp acquired a new position in shares of Lovesac during the 2nd quarter worth $346,000. 91.32% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts recently commented on LOVE shares. DA Davidson decreased their price objective on shares of Lovesac from $44.00 to $35.00 and set a "buy" rating on the stock in a report on Friday, December 13th. Canaccord Genuity Group boosted their price target on Lovesac from $36.00 to $45.00 and gave the stock a "buy" rating in a research note on Monday, December 2nd. Finally, Roth Mkm raised their price objective on Lovesac from $35.00 to $42.00 and gave the company a "buy" rating in a research note on Tuesday, December 10th. Six research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock currently has an average rating of "Buy" and a consensus target price of $38.33.

Lovesac Price Performance

Shares of NASDAQ LOVE traded down $0.30 on Friday, hitting $26.14. The company's stock had a trading volume of 260,852 shares, compared to its average volume of 406,331. The stock has a 50 day moving average of $29.88 and a 200-day moving average of $27.32. The Lovesac Company has a 12-month low of $18.21 and a 12-month high of $39.49. The company has a market capitalization of $403.42 million, a price-to-earnings ratio of 76.88, a price-to-earnings-growth ratio of 1.96 and a beta of 3.04.

Lovesac (NASDAQ:LOVE - Get Free Report) last posted its earnings results on Thursday, December 12th. The company reported ($0.32) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.34) by $0.02. The firm had revenue of $149.90 million for the quarter, compared to analyst estimates of $155.26 million. Lovesac had a return on equity of 3.51% and a net margin of 1.04%. Lovesac's revenue was down 2.7% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.15) EPS. Sell-side analysts expect that The Lovesac Company will post 0.39 EPS for the current fiscal year.

Insider Activity at Lovesac

In other news, Director Walter Field Mclallen acquired 4,000 shares of the business's stock in a transaction dated Friday, December 20th. The stock was acquired at an average price of $24.68 per share, with a total value of $98,720.00. Following the completion of the transaction, the director now directly owns 23,540 shares in the company, valued at approximately $580,967.20. This represents a 20.47 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 12.33% of the company's stock.

Lovesac Profile

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.