Dimensional Fund Advisors LP Trims Stake in The Lovesac Company (NASDAQ:LOVE)

Dimensional Fund Advisors LP lessened its holdings in shares of The Lovesac Company (NASDAQ:LOVE - Free Report) by 7.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 792,658 shares of the company's stock after selling 63,246 shares during the quarter. Dimensional Fund Advisors LP owned approximately 5.14% of Lovesac worth $18,754,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently modified their holdings of LOVE. Heck Capital Advisors LLC purchased a new position in Lovesac during the fourth quarter valued at $26,000. Charles Schwab Investment Management Inc. grew its stake in shares of Lovesac by 3.1% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 41,524 shares of the company's stock valued at $982,000 after acquiring an additional 1,243 shares during the period. BCGM Wealth Management LLC increased its holdings in Lovesac by 1.2% in the 4th quarter. BCGM Wealth Management LLC now owns 135,979 shares of the company's stock worth $3,217,000 after acquiring an additional 1,615 shares in the last quarter. Wells Fargo & Company MN raised its stake in Lovesac by 24.8% during the 4th quarter. Wells Fargo & Company MN now owns 9,823 shares of the company's stock worth $232,000 after acquiring an additional 1,950 shares during the period. Finally, Barclays PLC lifted its holdings in Lovesac by 10.6% during the fourth quarter. Barclays PLC now owns 22,472 shares of the company's stock valued at $531,000 after purchasing an additional 2,160 shares in the last quarter. Institutional investors own 91.32% of the company's stock.

Analyst Upgrades and Downgrades

LOVE has been the subject of a number of analyst reports. DA Davidson reduced their price objective on shares of Lovesac from $35.00 to $24.00 and set a "buy" rating for the company in a research note on Friday, April 11th. Roth Mkm raised their price target on Lovesac from $22.00 to $28.00 and gave the company a "buy" rating in a report on Friday, April 11th. Oppenheimer reaffirmed an "outperform" rating and issued a $35.00 price objective on shares of Lovesac in a research note on Friday, April 11th. Finally, Canaccord Genuity Group decreased their target price on Lovesac from $45.00 to $30.00 and set a "buy" rating on the stock in a research note on Friday, April 11th. 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 target price of $31.67.

Lovesac Stock Down 3.9 %

Lovesac stock traded down $0.81 during midday trading on Friday, reaching $20.10. 219,345 shares of the stock traded hands, compared to its average volume of 375,992. The Lovesac Company has a 12 month low of $12.12 and a 12 month high of $39.49. The stock's fifty day moving average is $18.11 and its 200-day moving average is $24.36. The stock has a market cap of $298.38 million, a P/E ratio of 59.12, a PEG ratio of 0.65 and a beta of 2.48.

Lovesac (NASDAQ:LOVE - Get Free Report) last posted its earnings results on Thursday, April 10th. The company reported $2.13 earnings per share for the quarter, beating analysts' consensus estimates of $1.80 by $0.33. The firm had revenue of $241.50 million during the quarter, compared to analyst estimates of $230.33 million. Lovesac had a net margin of 1.04% and a return on equity of 3.51%. Lovesac's revenue for the quarter was down 3.6% compared to the same quarter last year. During the same period last year, the firm posted $1.87 earnings per share. On average, equities analysts predict that The Lovesac Company will post 0.39 EPS 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.