The Lovesac Company (NASDAQ:LOVE) Shares Sold by Skylands Capital LLC

Skylands Capital LLC lessened its position in The Lovesac Company (NASDAQ:LOVE - Free Report) by 9.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 180,650 shares of the company's stock after selling 19,150 shares during the quarter. Skylands Capital LLC owned 1.17% of Lovesac worth $4,274,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in LOVE. BCGM Wealth Management LLC boosted its holdings in Lovesac by 1.2% during the 4th quarter. BCGM Wealth Management LLC now owns 135,979 shares of the company's stock valued at $3,217,000 after acquiring an additional 1,615 shares during the period. New York State Common Retirement Fund lifted its position in shares of Lovesac by 1,976.1% during the fourth quarter. New York State Common Retirement Fund now owns 118,795 shares of the company's stock worth $2,811,000 after purchasing an additional 113,073 shares during the last quarter. Empowered Funds LLC boosted its stake in shares of Lovesac by 5.0% during the fourth quarter. Empowered Funds LLC now owns 51,725 shares of the company's stock valued at $1,224,000 after purchasing an additional 2,441 shares during the period. Heck Capital Advisors LLC bought a new position in shares of Lovesac in the fourth quarter worth about $26,000. Finally, Wesbanco Bank Inc. increased its stake in Lovesac by 100.0% in the 4th quarter. Wesbanco Bank Inc. now owns 27,000 shares of the company's stock worth $639,000 after buying an additional 13,500 shares during the period. 91.32% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

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Insider Transactions at Lovesac

In related news, Director Walter Field Mclallen bought 4,000 shares of the company's stock in a transaction that occurred on Friday, December 20th. The shares were purchased at an average cost of $24.68 per share, with a total value of $98,720.00. Following the completion of the acquisition, the director now directly owns 23,540 shares in the company, valued at approximately $580,967.20. The trade was a 20.47 % increase in their ownership of the stock. The purchase 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 that occurred on Friday, January 17th. The shares were sold at an average price of $26.33, for a total value of $789,900.00. Following the transaction, the director now owns 147,849 shares of the company's stock, valued at approximately $3,892,864.17. This represents a 16.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 12.33% of the company's stock.

Lovesac Stock Down 5.3 %

LOVE stock traded down $1.19 during trading on Thursday, hitting $21.14. 176,577 shares of the company's stock traded hands, compared to its average volume of 321,088. The firm has a market capitalization of $326.25 million, a P/E ratio of 62.18, a PEG ratio of 0.65 and a beta of 3.02. The Lovesac Company has a 1 year low of $18.21 and a 1 year high of $39.49. The business has a fifty day simple moving average of $24.36 and a two-hundred day simple moving average of $26.95.

Lovesac (NASDAQ:LOVE - Get Free Report) last posted 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. Lovesac had a return on equity of 3.51% and a net margin of 1.04%. The company had revenue of $149.90 million for the quarter, compared to analyst estimates of $155.26 million. During the same quarter in the previous year, the firm earned ($0.15) earnings per share. The firm's quarterly revenue was down 2.7% compared to the same quarter last year. On average, equities research analysts predict that The Lovesac Company will post 0.39 EPS for the current fiscal year.

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.