Marshall Wace LLP Boosts Holdings in The Lovesac Company (NASDAQ:LOVE)

Marshall Wace LLP grew its position in shares of The Lovesac Company (NASDAQ:LOVE - Free Report) by 6.9% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 452,901 shares of the company's stock after acquiring an additional 29,173 shares during the period. Marshall Wace LLP owned about 2.94% of Lovesac worth $10,716,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in LOVE. Jump Financial LLC lifted its position in Lovesac by 103.9% during the 4th quarter. Jump Financial LLC now owns 40,381 shares of the company's stock valued at $955,000 after acquiring an additional 20,581 shares during the period. Senvest Management LLC increased its stake in shares of Lovesac by 17.4% during the fourth quarter. Senvest Management LLC now owns 1,106,767 shares of the company's stock valued at $26,186,000 after purchasing an additional 163,745 shares in the last quarter. Barclays PLC lifted its holdings in shares of Lovesac by 10.6% during the fourth quarter. Barclays PLC now owns 22,472 shares of the company's stock valued at $531,000 after purchasing an additional 2,160 shares during the last quarter. Wells Fargo & Company MN boosted its position in shares of Lovesac by 24.8% in the 4th quarter. Wells Fargo & Company MN now owns 9,823 shares of the company's stock worth $232,000 after purchasing an additional 1,950 shares in the last quarter. Finally, Landscape Capital Management L.L.C. increased its position in Lovesac by 603.9% during the 4th quarter. Landscape Capital Management L.L.C. now owns 84,867 shares of the company's stock valued at $2,008,000 after buying an additional 72,810 shares in the last quarter. Institutional investors own 91.32% of the company's stock.

Lovesac Trading Up 1.6 %

NASDAQ:LOVE traded up $0.32 during mid-day trading on Thursday, reaching $20.95. The company's stock had a trading volume of 514,577 shares, compared to its average volume of 372,829. The firm's fifty day moving average price is $18.41 and its two-hundred day moving average price is $24.94. The stock has a market cap of $309.93 million, a P/E ratio of 61.62, a PEG ratio of 0.65 and a beta of 3.08. The Lovesac Company has a 12-month low of $12.12 and a 12-month high of $39.49.

Lovesac (NASDAQ:LOVE - Get Free Report) last issued its quarterly earnings data on Thursday, April 10th. The company reported $2.13 earnings per share for the quarter, beating analysts' consensus estimates of $1.80 by $0.33. The company 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 firm's revenue for the quarter was down 3.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.87 earnings per share. Analysts predict that The Lovesac Company will post 0.39 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

LOVE has been the topic of a number of recent research reports. Oppenheimer reissued an "outperform" rating and issued a $35.00 target price on shares of Lovesac in a research note on Friday, April 11th. Roth Mkm increased their price objective on shares of Lovesac from $22.00 to $28.00 and gave the company a "buy" rating in a research report on Friday, April 11th. Canaccord Genuity Group decreased their target price on shares of Lovesac from $45.00 to $30.00 and set a "buy" rating for the company in a report on Friday, April 11th. Finally, DA Davidson dropped their target price on shares of Lovesac from $35.00 to $24.00 and set a "buy" rating on the stock in a research note on Friday, April 11th. Six research analysts have rated the stock with a buy rating, According to data from MarketBeat, Lovesac currently has an average rating of "Buy" and an average price target of $31.67.

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.