Senvest Management LLC Acquires 163,745 Shares of The Lovesac Company (NASDAQ:LOVE)

Senvest Management LLC lifted its holdings in shares of The Lovesac Company (NASDAQ:LOVE - Free Report) by 17.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,106,767 shares of the company's stock after buying an additional 163,745 shares during the quarter. Lovesac comprises approximately 0.8% of Senvest Management LLC's investment portfolio, making the stock its 27th biggest holding. Senvest Management LLC owned about 7.17% of Lovesac worth $26,186,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the business. Barclays PLC lifted its stake in shares of Lovesac by 10.6% in the 4th 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 period. Wells Fargo & Company MN boosted its holdings in Lovesac by 24.8% during the fourth quarter. Wells Fargo & Company MN now owns 9,823 shares of the company's stock worth $232,000 after buying an additional 1,950 shares during the last quarter. Landscape Capital Management L.L.C. grew its position in shares of Lovesac by 603.9% during the 4th quarter. Landscape Capital Management L.L.C. now owns 84,867 shares of the company's stock worth $2,008,000 after buying an additional 72,810 shares during the period. Trexquant Investment LP increased its stake in shares of Lovesac by 122.9% in the 4th quarter. Trexquant Investment LP now owns 43,747 shares of the company's stock valued at $1,035,000 after acquiring an additional 24,121 shares during the last quarter. Finally, Geode Capital Management LLC raised its position in shares of Lovesac by 1.3% in the 4th quarter. Geode Capital Management LLC now owns 340,440 shares of the company's stock valued at $8,057,000 after acquiring an additional 4,230 shares during the period. 91.32% of the stock is currently owned by institutional investors and hedge funds.

Lovesac Stock Performance

NASDAQ LOVE traded up $0.47 during trading on Friday, hitting $20.06. The stock had a trading volume of 651,279 shares, compared to its average volume of 367,873. The Lovesac Company has a 12 month low of $12.12 and a 12 month high of $39.49. The company's 50-day moving average price is $18.62 and its two-hundred day moving average price is $25.08. The company has a market capitalization of $296.77 million, a PE ratio of 59.00, a P/E/G ratio of 0.65 and a beta of 3.08.

Lovesac (NASDAQ:LOVE - Get Free Report) last posted its quarterly earnings data on Thursday, April 10th. The company reported $2.13 earnings per share (EPS) 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 was down 3.6% compared to the same quarter last year. During the same period last year, the company earned $1.87 earnings per share. As a group, equities analysts anticipate that The Lovesac Company will post 0.39 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

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

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.