The Lovesac Company (NASDAQ:LOVE) Position Boosted by AWM Investment Company Inc.

AWM Investment Company Inc. grew its holdings in shares of The Lovesac Company (NASDAQ:LOVE - Free Report) by 33.2% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 681,741 shares of the company's stock after purchasing an additional 170,045 shares during the period. Lovesac accounts for 2.0% of AWM Investment Company Inc.'s portfolio, making the stock its 18th biggest position. AWM Investment Company Inc. owned approximately 4.42% of Lovesac worth $16,130,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Heck Capital Advisors LLC acquired a new stake in shares of Lovesac during the fourth quarter worth $26,000. Charles Schwab Investment Management Inc. increased its holdings in shares of Lovesac by 3.1% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 41,524 shares of the company's stock worth $982,000 after acquiring an additional 1,243 shares during the period. Price T Rowe Associates Inc. MD increased its holdings in shares of Lovesac by 13.2% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 11,462 shares of the company's stock worth $272,000 after acquiring an additional 1,333 shares during the period. MetLife Investment Management LLC increased its holdings in shares of Lovesac by 18.3% in the 4th quarter. MetLife Investment Management LLC now owns 9,233 shares of the company's stock worth $218,000 after acquiring an additional 1,425 shares during the period. Finally, BCGM Wealth Management LLC increased its holdings in shares of 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 during the period. 91.32% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

Lovesac Stock Down 2.8%

Lovesac stock traded down $0.53 during trading hours on Friday, hitting $18.44. 299,604 shares of the company traded hands, compared to its average volume of 378,144. The firm has a market cap of $273.74 million, a P/E ratio of 54.24, a P/E/G ratio of 0.65 and a beta of 2.48. The firm's 50-day simple moving average is $18.74 and its two-hundred day simple moving average is $23.72. The Lovesac Company has a 1-year low of $12.12 and a 1-year high of $39.49.

Lovesac (NASDAQ:LOVE - Get Free Report) last released its 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. The firm had revenue of $241.50 million for the quarter, compared to analysts' expectations of $230.33 million. Lovesac had a net margin of 1.04% and a return on equity of 3.51%. Lovesac's quarterly revenue was down 3.6% on a year-over-year basis. During the same quarter last year, the company earned $1.87 EPS. On average, equities research analysts predict that The Lovesac Company will post 0.39 earnings per share for the current 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.