Roubaix Capital LLC bought a new stake in The Lovesac Company (NASDAQ:LOVE - Free Report) in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm bought 157,775 shares of the company's stock, valued at approximately $4,520,000. Lovesac accounts for 2.5% of Roubaix Capital LLC's holdings, making the stock its 14th largest holding. Roubaix Capital LLC owned 1.01% of Lovesac at the end of the most recent reporting period.
Several other large investors have also added to or reduced their stakes in LOVE. Marshall Wace LLP bought a new position in Lovesac in the 2nd quarter valued at about $4,328,000. American Century Companies Inc. lifted its position in Lovesac by 78.6% in the 2nd quarter. American Century Companies Inc. now owns 291,579 shares of the company's stock valued at $6,584,000 after acquiring an additional 128,285 shares in the last quarter. Anson Funds Management LP bought a new position in Lovesac in the 1st quarter valued at about $1,742,000. Hood River Capital Management LLC lifted its position in Lovesac by 8.8% in the 2nd quarter. Hood River Capital Management LLC now owns 774,015 shares of the company's stock valued at $17,477,000 after acquiring an additional 62,615 shares in the last quarter. Finally, LSV Asset Management bought a new position in Lovesac in the 1st quarter valued at about $988,000. Institutional investors own 91.32% of the company's stock.
Insider Transactions at Lovesac
In other 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 transaction of $262,200.00. Following the completion of the sale, the director now owns 177,849 shares in the company, valued at $4,663,200.78. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 12.33% of the stock is currently owned by company insiders.
Analyst Ratings Changes
LOVE has been the topic of several recent research reports. Craig Hallum raised their price target on shares of Lovesac from $30.00 to $35.00 and gave the company a "buy" rating in a research report on Friday, September 13th. DA Davidson reissued a "buy" rating and set a $32.00 target price on shares of Lovesac in a research report on Thursday, October 3rd. Roth Mkm lifted their target price on shares of Lovesac from $30.00 to $31.00 and gave the stock a "buy" rating in a research report on Friday, September 13th. Finally, Canaccord Genuity Group reissued a "buy" rating and set a $36.00 target price on shares of Lovesac in a research report on Friday, September 13th. Six research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock currently has an average rating of "Buy" and a consensus price target of $34.50.
View Our Latest Analysis on LOVE
Lovesac Trading Down 2.9 %
Shares of LOVE stock traded down $0.86 during trading hours on Thursday, hitting $29.16. 294,025 shares of the company were exchanged, compared to its average volume of 288,599. The firm has a fifty day simple moving average of $26.04 and a 200 day simple moving average of $25.16. The Lovesac Company has a 52-week low of $15.95 and a 52-week high of $31.30. The stock has a market capitalization of $453.70 million, a price-to-earnings ratio of 34.65, a P/E/G ratio of 0.77 and a beta of 2.91.
Lovesac (NASDAQ:LOVE - Get Free Report) last issued its quarterly earnings results on Thursday, September 12th. The company reported ($0.38) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.46) by $0.08. Lovesac had a net margin of 1.41% and a return on equity of 4.83%. The company had revenue of $156.59 million during the quarter, compared to analyst estimates of $154.01 million. Sell-side analysts anticipate that The Lovesac Company will post 1.09 EPS for the current year.
About Lovesac
(
Free Report)
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.
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