American Century Companies Inc. Increases Position in The Lovesac Company $LOVE

Key Points

• American Century Companies Inc. increased its stake in The Lovesac Company by 10.5% in Q1, acquiring an additional 45,797 shares, bringing its total holdings to 482,587 shares worth approximately $8.77 million.
• Institutional investors own 91.32% of Lovesac's stock, with several firms, including Wells Fargo and GAMMA Investing, significantly increasing their positions.
• Wall Street analysts have a positive outlook, with an average rating of "Buy" and a target price of $30.40 for Lovesac shares, despite recent earnings showing a net loss of ($0.73) per share.

American Century Companies Inc. raised its stake in The Lovesac Company (NASDAQ:LOVE - Free Report) by 10.5% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 482,587 shares of the company's stock after acquiring an additional 45,797 shares during the quarter. American Century Companies Inc. owned approximately 3.25% of Lovesac worth $8,773,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of LOVE. Heck Capital Advisors LLC acquired a new stake in shares of Lovesac during the 4th quarter worth approximately $26,000. Cubist Systematic Strategies LLC acquired a new stake in shares of Lovesac during the 4th quarter worth approximately $49,000. MetLife Investment Management LLC increased its holdings in shares of Lovesac by 18.3% during the 4th quarter. MetLife Investment Management LLC now owns 9,233 shares of the company's stock worth $218,000 after buying an additional 1,425 shares during the last quarter. GAMMA Investing LLC increased its holdings in shares of Lovesac by 12,234.3% during the 1st quarter. GAMMA Investing LLC now owns 12,581 shares of the company's stock worth $229,000 after buying an additional 12,479 shares during the last quarter. Finally, Wells Fargo & Company MN increased its holdings in shares of 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 buying an additional 1,950 shares during the last quarter. 91.32% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen upgraded shares of Lovesac from a "sell" rating to a "hold" rating in a report on Saturday, July 12th. Five analysts have rated the stock with a Buy rating, According to MarketBeat, the stock presently has an average rating of "Buy" and a consensus price target of $30.40.

Lovesac Trading Up 0.8%

Lovesac stock traded up $0.16 during trading on Friday, hitting $19.13. The company had a trading volume of 422,067 shares, compared to its average volume of 287,269. The Lovesac Company has a 1-year low of $12.12 and a 1-year high of $39.49. The company's 50 day simple moving average is $18.73 and its 200-day simple moving average is $18.92. The stock has a market cap of $278.34 million, a price-to-earnings ratio of 27.33, a price-to-earnings-growth ratio of 0.61 and a beta of 2.20.

Lovesac (NASDAQ:LOVE - Get Free Report) last posted its earnings results on Thursday, June 12th. The company reported ($0.73) earnings per share for the quarter, beating the consensus estimate of ($0.81) by $0.08. Lovesac had a net margin of 1.99% and a return on equity of 6.70%. The firm had revenue of $138.37 million during the quarter, compared to the consensus estimate of $137.20 million. During the same quarter last year, the firm earned ($0.83) EPS. The firm's revenue for the quarter was up 4.4% on a year-over-year basis. Lovesac has set its Q2 2026 guidance at -0.830--0.580 EPS. FY 2026 guidance at 0.800-1.360 EPS. As a group, analysts forecast that The Lovesac Company will post 0.39 earnings per share for the current fiscal year.

Insider Activity at Lovesac

In other Lovesac news, Director Walter Field Mclallen purchased 1,950 shares of the company's stock in a transaction on Friday, June 20th. The stock was acquired at an average price of $18.08 per share, for a total transaction of $35,256.00. Following the completion of the purchase, the director directly owned 40,000 shares in the company, valued at approximately $723,200. The trade was a 5.12% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 12.46% of the stock is currently owned by company insiders.

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.