Landscape Capital Management L.L.C. Buys 72,810 Shares of The Lovesac Company (NASDAQ:LOVE)

Landscape Capital Management L.L.C. grew its stake in The Lovesac Company (NASDAQ:LOVE - Free Report) by 603.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 84,867 shares of the company's stock after acquiring an additional 72,810 shares during the period. Landscape Capital Management L.L.C. owned 0.55% of Lovesac worth $2,008,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Heck Capital Advisors LLC acquired a new position in shares of Lovesac during the 4th quarter worth approximately $26,000. AlphaQuest LLC bought a new stake in Lovesac in the fourth quarter valued at approximately $70,000. Franklin Resources Inc. acquired a new stake in shares of Lovesac in the third quarter valued at approximately $231,000. M&T Bank Corp bought a new position in shares of Lovesac during the 4th quarter worth approximately $321,000. Finally, Versor Investments LP increased its holdings in shares of Lovesac by 58.3% during the 4th quarter. Versor Investments LP now owns 14,086 shares of the company's stock worth $333,000 after acquiring an additional 5,186 shares during the last quarter. Institutional investors and hedge funds own 91.32% of the company's stock.

Lovesac Trading Up 8.1 %

NASDAQ LOVE traded up $1.28 during midday trading on Thursday, hitting $17.21. The company had a trading volume of 1,468,239 shares, compared to its average volume of 449,025. The company has a market capitalization of $265.65 million, a PE ratio of 50.63, a P/E/G ratio of 0.65 and a beta of 3.08. The Lovesac Company has a twelve month low of $12.12 and a twelve month high of $39.49. The firm has a 50-day moving average price of $19.18 and a 200-day moving average price of $25.47.

Lovesac (NASDAQ:LOVE - Get Free Report) last announced its quarterly earnings data on Thursday, April 10th. The company reported $2.13 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.80 by $0.33. The firm had revenue of $241.50 million for the quarter, compared to the consensus estimate of $230.33 million. Lovesac had a net margin of 1.04% and a return on equity of 3.51%. The business's revenue for the quarter was down 3.6% on a year-over-year basis. During the same period in the prior year, the company posted $1.87 earnings per share. On average, equities analysts anticipate that The Lovesac Company will post 0.39 EPS for the current year.

Analysts Set New Price Targets

Separately, DA Davidson reiterated a "buy" rating and issued a $35.00 price target on shares of Lovesac in a research note on Tuesday, March 25th. Six investment analysts have rated the stock with a buy rating, According to MarketBeat, Lovesac has an average rating of "Buy" and an average target price of $38.33.

Insiders Place Their Bets

In other news, Director Albert Jack Krause sold 30,000 shares of the company's stock in a transaction that occurred on Friday, January 17th. The stock was sold at an average price of $26.33, for a total value of $789,900.00. Following the completion of the transaction, the director now owns 147,849 shares of the company's stock, valued at $3,892,864.17. This represents a 16.87 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Corporate insiders own 12.33% of the company's stock.

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.