Dimensional Fund Advisors LP Buys 26,872 Shares of The Lovesac Company (NASDAQ:LOVE)

Dimensional Fund Advisors LP grew its holdings in shares of The Lovesac Company (NASDAQ:LOVE - Free Report) by 3.5% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 795,011 shares of the company's stock after purchasing an additional 26,872 shares during the quarter. Dimensional Fund Advisors LP owned approximately 5.11% of Lovesac worth $17,951,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently made changes to their positions in LOVE. CastleKnight Management LP increased its holdings in Lovesac by 251.3% in the 4th quarter. CastleKnight Management LP now owns 40,400 shares of the company's stock worth $1,032,000 after acquiring an additional 28,900 shares in the last quarter. LSV Asset Management purchased a new stake in Lovesac in the 1st quarter worth approximately $988,000. Susquehanna Fundamental Investments LLC purchased a new stake in Lovesac in the 1st quarter worth approximately $489,000. Virtu Financial LLC purchased a new stake in Lovesac in the 4th quarter worth approximately $340,000. Finally, Wesbanco Bank Inc. purchased a new stake in Lovesac in the 2nd quarter worth approximately $305,000. Hedge funds and other institutional investors own 91.32% of the company's stock.

Lovesac Price Performance

Shares of NASDAQ LOVE traded up $0.16 during midday trading on Friday, reaching $25.63. 148,863 shares of the stock traded hands, compared to its average volume of 290,899. The stock has a market capitalization of $398.57 million, a PE ratio of 30.15, a P/E/G ratio of 0.71 and a beta of 2.90. The Lovesac Company has a one year low of $14.18 and a one year high of $30.39. The company's 50 day moving average is $24.68 and its 200 day moving average is $24.44.

Wall Street Analysts Forecast Growth

LOVE has been the subject of several analyst reports. Canaccord Genuity Group reissued a "buy" rating and issued a $36.00 target price on shares of Lovesac in a report on Friday, September 13th. Maxim Group upped their price target on Lovesac from $36.00 to $38.00 and gave the stock a "buy" rating in a research note on Monday, June 17th. DA Davidson restated a "buy" rating and issued a $32.00 price target on shares of Lovesac in a research note on Thursday. Craig Hallum upped their price target on Lovesac from $30.00 to $35.00 and gave the stock a "buy" rating in a research note on Friday, September 13th. Finally, Roth Mkm upped their price target on Lovesac from $30.00 to $31.00 and gave the stock a "buy" rating in a research note on Friday, September 13th. Six investment analysts have rated the stock with a buy rating, According to MarketBeat, Lovesac currently has an average rating of "Buy" and a consensus target price of $34.50.

Insider Activity

In other news, Director Albert Jack Krause sold 10,000 shares of the stock in a transaction that occurred on Thursday, October 3rd. The stock was sold at an average price of $26.22, for a total transaction of $262,200.00. Following the completion of the transaction, the director now directly owns 177,849 shares in the company, valued at approximately $4,663,200.78. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 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.