Jacobs Levy Equity Management Inc. Invests $675,000 in 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 shares of The Lovesac Company (NASDAQ:LOVE - Free Report) during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. 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 quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Heck Capital Advisors LLC acquired a new position in Lovesac during the fourth quarter worth about $26,000. Cubist Systematic Strategies LLC acquired a new position in Lovesac during the fourth quarter worth about $49,000. Quarry LP boosted its position in Lovesac by 396.3% during the first quarter. Quarry LP now owns 3,052 shares of the company's stock worth $55,000 after acquiring an additional 2,437 shares during the last quarter. Two Sigma Advisers LP acquired a new position in Lovesac during the fourth quarter worth about $265,000. Finally, Price T Rowe Associates Inc. MD boosted its position 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 worth $272,000 after acquiring an additional 1,333 shares during the last quarter. 91.32% of the stock is currently owned by institutional investors and hedge funds.

Lovesac Price Performance

NASDAQ:LOVE opened at $17.66 on Friday. The company's 50-day moving average is $18.78 and its two-hundred day moving average is $18.70. The Lovesac Company has a 1-year low of $12.12 and a 1-year high of $39.49. The firm has a market capitalization of $256.94 million, a price-to-earnings ratio of 28.03, a PEG ratio of 0.56 and a beta of 2.35.

Lovesac (NASDAQ:LOVE - Get Free Report) last issued its quarterly earnings data on Thursday, September 11th. The company reported ($0.45) EPS for the quarter, topping the consensus estimate of ($0.72) by $0.27. Lovesac had a net margin of 1.87% and a return on equity of 6.30%. The firm had revenue of $160.53 million for the quarter, compared to analyst estimates of $160.42 million. During the same period in the prior year, the business posted ($0.38) EPS. The business'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. As a group, equities analysts anticipate that The Lovesac Company will post 0.39 earnings per share for the current fiscal year.

Insider Activity at Lovesac

In related news, Director Walter Field Mclallen acquired 1,950 shares of the firm's stock in a transaction dated Friday, June 20th. The shares were purchased at an average cost of $18.08 per share, for a total transaction of $35,256.00. Following the acquisition, the director owned 40,000 shares in the company, valued at $723,200. The trade was a 5.12% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 12.46% of the company's stock.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the stock. Canaccord Genuity Group restated a "buy" rating and set a $30.00 price target on shares of Lovesac in a research report on Friday. Maxim Group lowered their price target on shares of Lovesac from $38.00 to $33.00 and set a "buy" rating on the stock in a research report on Friday. DA Davidson restated a "buy" rating and set a $24.00 price target on shares of Lovesac in a research report on Tuesday. Finally, Wall Street Zen upgraded shares of Lovesac from a "sell" rating to a "hold" rating in a report on Saturday, July 12th. Five research analysts have rated the stock with a Buy rating, According to MarketBeat.com, Lovesac presently has a consensus rating of "Buy" and a consensus price target 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.

Want to see what other hedge funds are holding LOVE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Lovesac Company (NASDAQ:LOVE - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.