Invenomic Capital Management LP Takes Position in The Lovesac Company $LOVE

Key Points

• Invenomic Capital Management LP has acquired a new stake in The Lovesac Company ($LOVE), purchasing 117,896 shares valued at approximately $2.14 million, representing 0.79% ownership.
• Multiple institutional investors have increased their positions in Lovesac, demonstrating confidence in the company's stock, which is currently rated as a "Buy" by five analysts with a consensus target price of $30.40.
• Lovesac reported better-than-expected quarterly earnings with an EPS of ($0.73), surpassing the consensus estimate, and a revenue increase of 4.4% compared to the previous year.

Invenomic Capital Management LP bought a new stake in The Lovesac Company (NASDAQ:LOVE - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 117,896 shares of the company's stock, valued at approximately $2,143,000. Invenomic Capital Management LP owned approximately 0.79% of Lovesac at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in LOVE. SG Americas Securities LLC boosted its position in Lovesac by 1,165.7% during the first quarter. SG Americas Securities LLC now owns 304,586 shares of the company's stock worth $5,537,000 after purchasing an additional 280,522 shares during the period. AWM Investment Company Inc. raised its stake in Lovesac by 33.2% in the fourth quarter. AWM Investment Company Inc. now owns 681,741 shares of the company's stock valued at $16,130,000 after purchasing an additional 170,045 shares in the last quarter. Pacer Advisors Inc. acquired a new position in Lovesac in the first quarter valued at about $2,390,000. Trexquant Investment LP raised its stake in Lovesac by 249.1% in the first quarter. Trexquant Investment LP now owns 152,734 shares of the company's stock valued at $2,777,000 after purchasing an additional 108,987 shares in the last quarter. Finally, AQR Capital Management LLC raised its stake in Lovesac by 391.8% in the first quarter. AQR Capital Management LLC now owns 111,727 shares of the company's stock valued at $2,031,000 after purchasing an additional 89,007 shares in the last quarter. 91.32% of the stock is owned by institutional investors.

Insider Buying and Selling at Lovesac

In other news, Director Walter Field Mclallen bought 1,950 shares of the stock in a transaction dated Friday, June 20th. The shares were bought at an average cost of $18.08 per share, with a total value of $35,256.00. Following the completion of the transaction, the director directly owned 40,000 shares of the company's stock, valued at $723,200. This trade represents a 5.12% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 12.46% of the stock is owned by insiders.

Analysts Set New Price Targets

Several analysts have recently weighed in on the company. Wall Street Zen upgraded Lovesac from a "sell" rating to a "hold" rating in a report on Saturday, July 12th. DA Davidson reiterated a "buy" rating and issued a $24.00 target price on shares of Lovesac in a report on Tuesday. Five equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company currently has an average rating of "Buy" and a consensus price target of $30.40.

Lovesac Stock Performance

Shares of Lovesac stock traded down $2.53 on Thursday, reaching $18.23. 1,028,424 shares of the company's stock were exchanged, compared to its average volume of 411,561. The company has a market capitalization of $265.17 million, a P/E ratio of 26.06, a price-to-earnings-growth ratio of 0.62 and a beta of 2.35. The Lovesac Company has a 52 week low of $12.12 and a 52 week high of $39.49. The firm's 50-day moving average is $18.86 and its two-hundred day moving average is $18.75.

Lovesac (NASDAQ:LOVE - Get Free Report) last posted its quarterly earnings results on Thursday, September 11th. The company reported ($0.45) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.72) by $0.27. Lovesac had a return on equity of 6.70% and a net margin of 1.99%.The firm had revenue of $160.53 million for the quarter, compared to analysts' expectations of $160.42 million. During the same period in the prior year, the business earned ($0.38) EPS. The company's revenue for the quarter was up 2.5% compared to the same quarter last year. Lovesac has set its Q3 2026 guidance at -0.830--0.51 EPS. FY 2026 guidance at 0.520-1.05 EPS. On average, analysts expect that The Lovesac Company will post 0.39 EPS for the current fiscal year.

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.