Jane Street Group LLC Has $2.31 Million Position in The Lovesac Company (NASDAQ:LOVE)

Jane Street Group LLC raised its holdings in shares of The Lovesac Company (NASDAQ:LOVE - Free Report) by 74.4% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 80,776 shares of the company's stock after buying an additional 34,451 shares during the period. Jane Street Group LLC owned about 0.52% of Lovesac worth $2,314,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Millrace Asset Group Inc. raised its stake in shares of Lovesac by 63.0% during the third quarter. Millrace Asset Group Inc. now owns 68,503 shares of the company's stock valued at $1,963,000 after purchasing an additional 26,481 shares during the period. Dimensional Fund Advisors LP increased 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 worth $17,951,000 after buying an additional 26,872 shares during the period. Hood River Capital Management LLC lifted its holdings in Lovesac by 8.8% in the 2nd quarter. Hood River Capital Management LLC now owns 774,015 shares of the company's stock worth $17,477,000 after buying an additional 62,615 shares in the last quarter. Roubaix Capital LLC purchased a new position in Lovesac in the 3rd quarter valued at about $4,520,000. Finally, Senvest Management LLC grew its stake in shares of Lovesac by 47.3% during the third quarter. Senvest Management LLC now owns 943,022 shares of the company's stock valued at $27,018,000 after acquiring an additional 302,643 shares in the last quarter. 91.32% of the stock is currently owned by hedge funds and other institutional investors.

Lovesac Price Performance

Shares of Lovesac stock traded down $0.05 during trading on Monday, hitting $23.88. The stock had a trading volume of 252,578 shares, compared to its average volume of 309,785. The business has a fifty day moving average of $31.49 and a two-hundred day moving average of $27.16. The Lovesac Company has a fifty-two week low of $18.21 and a fifty-two week high of $39.49. The firm has a market cap of $368.54 million, a P/E ratio of 46.82, a PEG ratio of 0.99 and a beta of 2.97.

Lovesac (NASDAQ:LOVE - Get Free Report) last posted its quarterly earnings results on Thursday, December 12th. The company reported ($0.32) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.34) by $0.02. The firm had revenue of $149.90 million for the quarter, compared to analyst estimates of $155.26 million. Lovesac had a net margin of 1.41% and a return on equity of 4.83%. The firm's quarterly revenue was down 2.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.15) earnings per share. As a group, research analysts forecast that The Lovesac Company will post 1.09 earnings per share for the current year.

Wall Street Analysts Forecast Growth

LOVE has been the subject of a number of analyst reports. DA Davidson reduced their price target on Lovesac from $44.00 to $35.00 and set a "buy" rating for the company in a report on Friday, December 13th. Canaccord Genuity Group increased their price target on shares of Lovesac from $36.00 to $45.00 and gave the stock a "buy" rating in a research report on Monday, December 2nd. Roth Mkm lifted their price target on Lovesac from $35.00 to $42.00 and gave the stock a "buy" rating in a research note on Tuesday, December 10th. Finally, Craig Hallum upped their price objective on Lovesac from $30.00 to $35.00 and gave the company a "buy" rating in a research note on Friday, September 13th. Six investment analysts have rated the stock with a buy rating, According to data from MarketBeat, Lovesac has an average rating of "Buy" and an average price target of $38.33.

Insider Activity

In other Lovesac news, Director Walter Field Mclallen acquired 4,000 shares of Lovesac stock in a transaction that occurred on Friday, December 20th. The stock was purchased at an average cost of $24.68 per share, with a total value of $98,720.00. Following the purchase, the director now 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 transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Albert Jack Krause sold 10,000 shares of the firm's stock in a transaction dated Thursday, October 3rd. The stock was sold at an average price of $26.22, for a total value of $262,200.00. Following the sale, the director now owns 177,849 shares of the company's stock, valued at $4,663,200.78. The trade was a 5.32 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 12.33% of the stock is currently owned by company insiders.

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.