The Lovesac Company (NASDAQ:LOVE) Shares Acquired by Trexquant Investment LP

Trexquant Investment LP grew its stake in shares of The Lovesac Company (NASDAQ:LOVE - Free Report) by 122.9% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 43,747 shares of the company's stock after buying an additional 24,121 shares during the quarter. Trexquant Investment LP owned approximately 0.28% of Lovesac worth $1,035,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of LOVE. Heck Capital Advisors LLC bought a new position in Lovesac in the fourth quarter valued at about $26,000. AlphaQuest LLC acquired a new position in Lovesac in the fourth quarter valued at approximately $70,000. Franklin Resources Inc. bought a new position in Lovesac during the third quarter worth $231,000. XTX Topco Ltd acquired a new position in shares of Lovesac during the third quarter worth approximately $381,000. Finally, M&T Bank Corp bought a new stake in shares of Lovesac in the 4th quarter worth $321,000. 91.32% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research analysts have weighed in on the company. Roth Mkm lifted their target price on Lovesac from $22.00 to $28.00 and gave the company a "buy" rating in a report on Friday, April 11th. Oppenheimer restated an "outperform" rating and set a $35.00 target price on shares of Lovesac in a report on Friday, April 11th. DA Davidson dropped their target price on shares of Lovesac from $35.00 to $24.00 and set a "buy" rating on the stock in a report on Friday, April 11th. Finally, Canaccord Genuity Group reduced their price objective on Lovesac from $45.00 to $30.00 and set a "buy" rating for the company in a research report on Friday, April 11th. Six equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, Lovesac currently has a consensus rating of "Buy" and an average target price of $31.67.

Insider Activity at Lovesac

In other news, Director Albert Jack Krause sold 30,000 shares of the stock in a transaction that occurred on Friday, January 17th. The shares were sold at an average price of $26.33, for a total transaction of $789,900.00. Following the transaction, the director now directly owns 147,849 shares in the company, valued at approximately $3,892,864.17. This trade represents a 16.87 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 12.33% of the stock is owned by company insiders.

Lovesac Stock Performance

Shares of LOVE stock traded up $0.22 during mid-day trading on Wednesday, reaching $19.71. 127,315 shares of the company's stock traded hands, compared to its average volume of 479,009. The firm has a 50 day moving average price of $18.77 and a two-hundred day moving average price of $25.23. The firm has a market capitalization of $304.17 million, a PE ratio of 57.91, a price-to-earnings-growth ratio of 0.65 and a beta of 3.08. The Lovesac Company has a 12 month low of $12.12 and a 12 month high of $39.49.

Lovesac (NASDAQ:LOVE - Get Free Report) last posted its earnings results on Thursday, April 10th. The company reported $2.13 EPS for the quarter, topping 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 return on equity of 3.51% and a net margin of 1.04%. The firm's revenue for the quarter was down 3.6% on a year-over-year basis. During the same period in the previous year, the business earned $1.87 earnings per share. As a group, equities analysts expect that The Lovesac Company will post 0.39 earnings per share for the current fiscal year.

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.