Deutsche Bank AG Sells 47,442 Shares of The Lovesac Company $LOVE

Key Points

• Deutsche Bank AG has reduced its ownership in Lovesac Company by 58.0%, now holding 34,401 shares valued at approximately $625,000, as revealed in its recent SEC filing.
• A significant number of institutional investors have either increased their stakes or initiated new holdings in Lovesac, with hedge funds owning 91.32% of the company’s shares.
• Despite recent selling by Deutsche Bank, analyst sentiment remains positive with Lovesac upgraded from a "sell" to a "hold" rating, and the stock currently holds a consensus rating of "Buy" with an average target price of $30.40.

Deutsche Bank AG reduced its stake in shares of The Lovesac Company (NASDAQ:LOVE - Free Report) by 58.0% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 34,401 shares of the company's stock after selling 47,442 shares during the period. Deutsche Bank AG owned 0.23% of Lovesac worth $625,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of LOVE. Wells Fargo & Company MN raised its holdings in Lovesac by 24.8% during the fourth quarter. Wells Fargo & Company MN now owns 9,823 shares of the company's stock valued at $232,000 after buying an additional 1,950 shares in the last quarter. Barclays PLC raised 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 buying an additional 2,160 shares in the last quarter. MetLife Investment Management LLC raised its holdings in Lovesac by 18.3% during the fourth quarter. MetLife Investment Management LLC now owns 9,233 shares of the company's stock valued at $218,000 after buying an additional 1,425 shares in the last quarter. Price T Rowe Associates Inc. MD raised its holdings in Lovesac by 13.2% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 11,462 shares of the company's stock valued at $272,000 after buying an additional 1,333 shares in the last quarter. Finally, Voya Investment Management LLC bought a new position in Lovesac during the fourth quarter valued at about $7,354,000. 91.32% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Lovesac news, Director Walter Field Mclallen purchased 1,950 shares of the business's stock in a transaction on Friday, June 20th. The stock was purchased 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. This trade represents a 5.12% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 12.46% of the stock is currently owned by corporate insiders.

Lovesac Stock Performance

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

Lovesac (NASDAQ:LOVE - Get Free Report) last released its earnings results on Thursday, June 12th. The company reported ($0.73) earnings per share for the quarter, topping analysts' consensus estimates of ($0.81) by $0.08. Lovesac had a return on equity of 6.70% and a net margin of 1.99%.The business had revenue of $138.37 million for the quarter, compared to the consensus estimate of $137.20 million. During the same period last year, the business earned ($0.83) earnings per share. The firm's revenue for the quarter was up 4.4% compared to the same quarter last year. 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 anticipate that The Lovesac Company will post 0.39 EPS for the current year.

Analyst Ratings Changes

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

Lovesac 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.