Landscape Capital Management L.L.C. Lowers Holdings in The Lovesac Company (NASDAQ:LOVE)

Landscape Capital Management L.L.C. lessened its stake in shares of The Lovesac Company (NASDAQ:LOVE - Free Report) by 86.9% during the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 12,057 shares of the company's stock after selling 79,771 shares during the quarter. Landscape Capital Management L.L.C. owned approximately 0.08% of Lovesac worth $345,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. EntryPoint Capital LLC bought a new stake in shares of Lovesac in the first quarter worth $39,000. Meeder Asset Management Inc. acquired a new position in Lovesac in the second quarter valued at $43,000. SG Americas Securities LLC acquired a new position in Lovesac in the third quarter valued at $170,000. Valeo Financial Advisors LLC acquired a new position in Lovesac in the third quarter valued at $242,000. Finally, Quest Partners LLC lifted its holdings in Lovesac by 797.6% in the second quarter. Quest Partners LLC now owns 8,572 shares of the company's stock valued at $194,000 after buying an additional 7,617 shares during the period. Institutional investors own 91.32% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on LOVE shares. Craig Hallum upped their price objective on shares of Lovesac from $30.00 to $35.00 and gave the company a "buy" rating in a report on Friday, September 13th. DA Davidson reiterated a "buy" rating and set a $32.00 price objective on shares of Lovesac in a report on Thursday, October 3rd. Roth Mkm upped their target price on shares of Lovesac from $31.00 to $35.00 and gave the stock a "buy" rating in a report on Tuesday, November 19th. Finally, Canaccord Genuity Group restated a "buy" rating and issued a $36.00 target price on shares of Lovesac in a report on Friday, September 13th. Six equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock currently has a consensus rating of "Buy" and a consensus price target of $35.17.

Insider Activity

In related news, Director Albert Jack Krause sold 10,000 shares of the firm's stock in a transaction that occurred 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 directly owns 177,849 shares of the company's stock, valued at approximately $4,663,200.78. This trade represents a 5.32 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 12.33% of the company's stock.

Lovesac Stock Up 11.6 %

LOVE stock traded up $4.01 during trading on Monday, reaching $38.72. The stock had a trading volume of 1,002,635 shares, compared to its average volume of 289,186. The Lovesac Company has a one year low of $18.21 and a one year high of $38.94. The company's 50 day moving average is $28.82 and its two-hundred day moving average is $26.31. The company has a market capitalization of $602.48 million, a price-to-earnings ratio of 73.59, a P/E/G ratio of 0.91 and a beta of 2.91.

Lovesac (NASDAQ:LOVE - Get Free Report) last released its earnings results on Thursday, September 12th. The company reported ($0.38) earnings per share for the quarter, beating 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 firm had revenue of $156.59 million during the quarter, compared to the consensus estimate of $154.01 million. As a group, research analysts predict that The Lovesac Company will post 1.09 earnings per share for the current fiscal year.

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.