The Lovesac Company (NASDAQ:LOVE) Shares Sold by Vanguard Group Inc.

Vanguard Group Inc. lowered its position in shares of The Lovesac Company (NASDAQ:LOVE - Free Report) by 3.3% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 825,865 shares of the company's stock after selling 28,154 shares during the period. Vanguard Group Inc. owned about 5.35% of Lovesac worth $19,540,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. State Street Corp boosted its stake in shares of Lovesac by 1.7% during the third quarter. State Street Corp now owns 299,081 shares of the company's stock worth $8,569,000 after buying an additional 5,124 shares during the period. Jane Street Group LLC raised its stake in Lovesac by 74.4% during the 3rd quarter. Jane Street Group LLC now owns 80,776 shares of the company's stock valued at $2,314,000 after acquiring an additional 34,451 shares during the last quarter. Barclays PLC lifted its position in Lovesac by 312.7% during the 3rd 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. Geode Capital Management LLC increased its holdings in shares of Lovesac by 1.2% in the third 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. Finally, Franklin Resources Inc. purchased a new stake in shares of Lovesac during the third quarter worth approximately $231,000. 91.32% of the stock is owned by institutional investors and hedge funds.

Lovesac Price Performance

Lovesac stock traded up $0.19 during trading hours on Tuesday, hitting $20.20. The stock had a trading volume of 472,870 shares, compared to its average volume of 369,283. The stock has a market capitalization of $298.84 million, a price-to-earnings ratio of 59.41, a PEG ratio of 0.65 and a beta of 3.08. The Lovesac Company has a 1-year low of $12.12 and a 1-year high of $39.49. The stock's fifty day moving average is $18.52 and its two-hundred day moving average is $24.99.

Lovesac (NASDAQ:LOVE - Get Free Report) last released its quarterly earnings results on Thursday, April 10th. The company reported $2.13 EPS for the quarter, beating the consensus estimate of $1.80 by $0.33. Lovesac had a net margin of 1.04% and a return on equity of 3.51%. The business had revenue of $241.50 million for the quarter, compared to analyst estimates of $230.33 million. During the same period in the prior year, the business earned $1.87 earnings per share. The company's quarterly revenue was down 3.6% on a year-over-year basis. As a group, sell-side analysts anticipate that The Lovesac Company will post 0.39 EPS for the current year.

Wall Street Analysts Forecast Growth

LOVE has been the topic of several recent research reports. Roth Mkm boosted their price objective on shares of Lovesac from $22.00 to $28.00 and gave the company a "buy" rating in a research note on Friday, April 11th. DA Davidson cut their price target 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. Oppenheimer restated an "outperform" rating and issued a $35.00 price objective on shares of Lovesac in a research report on Friday, April 11th. Finally, Canaccord Genuity Group dropped their target price on Lovesac from $45.00 to $30.00 and set a "buy" rating on the stock in a research report on Friday, April 11th. Six research analysts have rated the stock with a buy rating, According to MarketBeat.com, Lovesac presently has an average rating of "Buy" and an average target price of $31.67.

Lovesac Company 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.