The Lovesac Company (NASDAQ:LOVE) Shares Acquired by SG Americas Securities LLC

SG Americas Securities LLC increased its position in The Lovesac Company (NASDAQ:LOVE - Free Report) by 305.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 24,064 shares of the company's stock after purchasing an additional 18,122 shares during the quarter. SG Americas Securities LLC owned approximately 0.16% of Lovesac worth $569,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the company. JPMorgan Chase & Co. grew its position in shares of Lovesac by 76.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 33,510 shares of the company's stock worth $960,000 after buying an additional 14,480 shares in the last quarter. Franklin Resources Inc. purchased a new stake in Lovesac in the third quarter worth about $231,000. Barclays PLC lifted its stake in Lovesac by 312.7% in the third quarter. Barclays PLC now owns 20,312 shares of the company's stock worth $583,000 after acquiring an additional 15,390 shares during the period. Soltis Investment Advisors LLC grew its holdings in Lovesac by 8.8% during the 3rd quarter. Soltis Investment Advisors LLC now owns 86,170 shares of the company's stock worth $2,469,000 after acquiring an additional 6,988 shares in the last quarter. Finally, Geode Capital Management LLC increased its position in Lovesac by 1.2% during the 3rd quarter. Geode Capital Management LLC now owns 336,210 shares of the company's stock valued at $9,634,000 after purchasing an additional 3,979 shares during the period. 91.32% of the stock is currently owned by hedge funds and other institutional investors.

Lovesac Trading Up 0.4 %

Shares of LOVE stock traded up $0.09 during trading hours on Tuesday, reaching $24.67. 264,198 shares of the company's stock were exchanged, compared to its average volume of 335,159. The Lovesac Company has a fifty-two week low of $18.21 and a fifty-two week high of $39.49. The stock's 50 day moving average is $28.03 and its 200-day moving average is $27.37. The company has a market cap of $380.66 million, a price-to-earnings ratio of 72.56, a P/E/G ratio of 1.87 and a beta of 3.02.

Lovesac (NASDAQ:LOVE - Get Free Report) last announced its earnings results on Thursday, December 12th. The company reported ($0.32) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.34) by $0.02. The company had revenue of $149.90 million for the quarter, compared to analyst estimates of $155.26 million. Lovesac had a return on equity of 3.51% and a net margin of 1.04%. The firm's quarterly revenue was down 2.7% compared to the same quarter last year. During the same period in the prior year, the company posted ($0.15) EPS. Equities analysts anticipate that The Lovesac Company will post 0.39 EPS for the current year.

Insider Activity at Lovesac

In other news, Director Walter Field Mclallen acquired 4,000 shares of Lovesac stock in a transaction dated Friday, December 20th. The stock was purchased at an average cost of $24.68 per share, for a total transaction of $98,720.00. Following the completion of the purchase, the director now directly owns 23,540 shares in the company, valued at $580,967.20. This trade represents a 20.47 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Albert Jack Krause sold 30,000 shares of Lovesac stock in a transaction dated Friday, January 17th. The stock was sold at an average price of $26.33, for a total value of $789,900.00. Following the sale, the director now directly owns 147,849 shares of the company's stock, valued at $3,892,864.17. This trade represents a 16.87 % decrease in their position. The disclosure for this sale can be found here. 12.33% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of research firms have recently issued reports on LOVE. DA Davidson dropped their price objective on shares of Lovesac from $44.00 to $35.00 and set a "buy" rating on the stock in a research note on Friday, December 13th. Canaccord Genuity Group increased their target price on Lovesac from $36.00 to $45.00 and gave the company a "buy" rating in a research report on Monday, December 2nd. Finally, Roth Mkm boosted their price target on Lovesac from $35.00 to $42.00 and gave the stock a "buy" rating in a research report on Tuesday, December 10th. Six investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company presently has a consensus rating of "Buy" and a consensus price target of $38.33.

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.