Deutsche Bank AG Raises Holdings in The Lovesac Company (NASDAQ:LOVE)

Deutsche Bank AG raised its position in shares of The Lovesac Company (NASDAQ:LOVE - Free Report) by 64.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 81,843 shares of the company's stock after acquiring an additional 32,102 shares during the period. Deutsche Bank AG owned approximately 0.53% of Lovesac worth $1,936,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in LOVE. Heck Capital Advisors LLC bought a new position in shares of Lovesac in the 4th quarter valued at $26,000. Charles Schwab Investment Management Inc. boosted its stake in Lovesac by 3.1% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 41,524 shares of the company's stock valued at $982,000 after buying an additional 1,243 shares in the last quarter. Price T Rowe Associates Inc. MD grew its position in Lovesac by 13.2% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 11,462 shares of the company's stock valued at $272,000 after acquiring an additional 1,333 shares during the last quarter. MetLife Investment Management LLC raised its stake in Lovesac by 18.3% during the fourth 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 in the last quarter. Finally, BCGM Wealth Management LLC raised its stake in Lovesac by 1.2% during the fourth 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. Institutional investors own 91.32% of the company's stock.

Lovesac Stock Performance

NASDAQ:LOVE traded up $0.11 during trading hours on Thursday, reaching $19.41. The stock had a trading volume of 298,014 shares, compared to its average volume of 378,721. The stock has a market cap of $288.14 million, a P/E ratio of 57.09, a price-to-earnings-growth ratio of 0.65 and a beta of 2.48. The stock has a 50 day simple moving average of $18.86 and a 200 day simple moving average of $23.41. 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 announced its quarterly earnings results on Thursday, April 10th. The company reported $2.13 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.80 by $0.33. The firm had revenue of $241.50 million for the quarter, compared to the consensus estimate of $230.33 million. Lovesac had a net margin of 1.04% and a return on equity of 3.51%. The company's revenue for the quarter was down 3.6% on a year-over-year basis. During the same period in the prior year, the firm posted $1.87 earnings per share. On average, equities analysts expect that The Lovesac Company will post 0.39 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on LOVE shares. Canaccord Genuity Group lowered their price target on shares of Lovesac from $45.00 to $30.00 and set a "buy" rating for the company in a report on Friday, April 11th. Oppenheimer reiterated an "outperform" rating and issued a $35.00 target price on shares of Lovesac in a research report on Friday, April 11th. DA Davidson lowered their price objective on Lovesac from $35.00 to $24.00 and set a "buy" rating for the company in a research note on Friday, April 11th. Finally, Roth Mkm raised their price objective on shares of Lovesac from $22.00 to $28.00 and gave the company a "buy" rating in a report on Friday, April 11th. Six analysts have rated the stock with a buy rating, According to MarketBeat.com, Lovesac presently has an average rating of "Buy" and a consensus price target 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.