Jacobs Levy Equity Management Inc. Acquires Shares of 37,120 The Lovesac Company $LOVE

Key Points

• Jacobs Levy Equity Management Inc. invested approximately $675,000 in The Lovesac Company, acquiring 37,120 shares, representing about 0.25% of the company's stock.
• The Lovesac Company reported a net margin of 1.87% and a return on equity of 6.30%, with quarterly revenue of $160.53 million, surpassing analyst estimates.
• Various institutional investors have recently increased their stakes in Lovesac, with 91.32% of the stock owned by institutional investors and hedge funds.

Jacobs Levy Equity Management Inc. purchased a new position in The Lovesac Company (NASDAQ:LOVE - Free Report) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 37,120 shares of the company's stock, valued at approximately $675,000. Jacobs Levy Equity Management Inc. owned about 0.25% of Lovesac at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Harbour Capital Advisors LLC acquired a new position in shares of Lovesac in the 1st quarter valued at $327,000. GAMMA Investing LLC increased its holdings in 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 purchasing an additional 12,479 shares during the period. Nomura Holdings Inc. purchased a new position in shares of Lovesac in the 1st quarter valued at about $821,000. Two Sigma Investments LP increased its holdings in shares of Lovesac by 181.7% in the 4th quarter. Two Sigma Investments LP now owns 86,640 shares of the company's stock valued at $2,050,000 after acquiring an additional 55,881 shares during the last quarter. Finally, Man Group plc purchased a new position in shares of Lovesac in the 4th quarter valued at about $327,000. Institutional investors and hedge funds own 91.32% of the company's stock.

Lovesac Stock Performance

Lovesac stock traded up $0.18 during midday trading on Thursday, reaching $18.26. The stock had a trading volume of 347,355 shares, compared to its average volume of 473,543. The Lovesac Company has a twelve month low of $12.12 and a twelve month high of $39.49. The stock has a market capitalization of $266.78 million, a PE ratio of 28.98, a price-to-earnings-growth ratio of 0.86 and a beta of 2.35. The stock's 50-day simple moving average is $18.72 and its 200 day simple moving average is $18.62.

Lovesac (NASDAQ:LOVE - Get Free Report) last issued its earnings results on Thursday, September 11th. The company reported ($0.45) earnings per share for the quarter, beating analysts' consensus estimates of ($0.72) by $0.27. Lovesac had a return on equity of 6.35% and a net margin of 1.87%.The firm had revenue of $160.53 million for the quarter, compared to analysts' expectations of $160.42 million. During the same quarter last year, the firm earned ($0.38) earnings per share. The firm'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. Equities analysts predict that The Lovesac Company will post 0.39 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director Walter Field Mclallen acquired 1,950 shares of the business's stock in a transaction on 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 position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 12.46% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on LOVE. Wall Street Zen raised Lovesac from a "sell" rating to a "hold" rating in a research report on Saturday, July 12th. DA Davidson reaffirmed a "buy" rating and issued a $24.00 price objective on shares of Lovesac in a research note on Tuesday, September 9th. Canaccord Genuity Group reaffirmed a "buy" rating and issued a $30.00 price objective on shares of Lovesac in a research note on Friday, September 12th. Finally, Maxim Group dropped their price objective on Lovesac from $38.00 to $33.00 and set a "buy" rating for the company in a research note on Friday, September 12th. Five analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Lovesac currently has a consensus rating of "Buy" and an average target price of $30.00.

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.