AQR Capital Management LLC Has $3.34 Million Holdings in The Lovesac Company (NASDAQ:LOVE)

AQR Capital Management LLC reduced its holdings in shares of The Lovesac Company (NASDAQ:LOVE - Free Report) by 35.6% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 148,048 shares of the company's stock after selling 81,719 shares during the quarter. AQR Capital Management LLC owned 0.95% of Lovesac worth $3,343,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of LOVE. Marshall Wace LLP acquired a new position in shares of Lovesac during the second quarter valued at $4,328,000. Lombard Odier Asset Management USA Corp bought a new stake in Lovesac during the second quarter worth approximately $346,000. Hood River Capital Management LLC lifted its position in Lovesac by 8.8% in the second 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 during the period. Dimensional Fund Advisors LP boosted its stake in Lovesac by 3.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 795,011 shares of the company's stock valued at $17,951,000 after purchasing an additional 26,872 shares in the last quarter. Finally, Meeder Asset Management Inc. bought a new position in Lovesac during the 2nd quarter valued at $43,000. 91.32% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Lovesac

In other news, Director Albert Jack Krause sold 10,000 shares of Lovesac 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 owns 177,849 shares in the company, valued at approximately $4,663,200.78. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 12.33% of the stock is currently owned by insiders.

Analysts Set New Price Targets

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

Lovesac Trading Down 4.4 %

NASDAQ:LOVE traded down $1.12 during mid-day trading on Monday, hitting $24.51. 218,395 shares of the company's stock traded hands, compared to its average volume of 290,523. The Lovesac Company has a 12 month low of $14.18 and a 12 month high of $30.39. The firm has a market capitalization of $381.16 million, a price-to-earnings ratio of 30.15, a price-to-earnings-growth ratio of 0.71 and a beta of 2.91. The firm has a 50 day moving average of $24.68 and a two-hundred day moving average of $24.47.

Lovesac (NASDAQ:LOVE - Get Free Report) last announced its quarterly earnings data on Thursday, September 12th. The company reported ($0.38) earnings per share for the quarter, topping the consensus estimate of ($0.46) by $0.08. The company had revenue of $156.59 million for the quarter, compared to analyst estimates of $154.01 million. Lovesac had a return on equity of 4.83% and a net margin of 1.41%. As a group, equities research analysts expect that The Lovesac Company will post 1.09 earnings per share for the current 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.