Jump Financial LLC Sells 19,544 Shares of The Lovesac Company $LOVE

Jump Financial LLC decreased its holdings in The Lovesac Company (NASDAQ:LOVE - Free Report) by 48.4% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 20,837 shares of the company's stock after selling 19,544 shares during the quarter. Jump Financial LLC owned approximately 0.14% of Lovesac worth $379,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the business. SummerHaven Investment Management LLC increased its stake in shares of Lovesac by 1.7% in the 1st quarter. SummerHaven Investment Management LLC now owns 33,949 shares of the company's stock valued at $617,000 after buying an additional 562 shares during the period. Fuller & Thaler Asset Management Inc. increased its stake in shares of Lovesac by 3.9% in the 1st quarter. Fuller & Thaler Asset Management Inc. now owns 21,318 shares of the company's stock valued at $388,000 after buying an additional 800 shares during the period. Heck Capital Advisors LLC acquired a new stake in shares of Lovesac in the 4th quarter valued at $26,000. Price T Rowe Associates Inc. MD increased its stake in shares of Lovesac by 13.2% in the 4th 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 during the period. Finally, MetLife Investment Management LLC increased its stake in shares of Lovesac by 18.3% in the 4th 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 during the period. Institutional investors own 91.32% of the company's stock.

Lovesac Stock Up 2.0%

Shares of Lovesac stock traded up $0.40 during trading on Friday, reaching $20.41. 329,924 shares of the company were exchanged, compared to its average volume of 407,143. The Lovesac Company has a twelve month low of $12.12 and a twelve month high of $39.49. The business has a 50-day moving average price of $18.76 and a 200-day moving average price of $18.83. The firm has a market capitalization of $296.97 million, a price-to-earnings ratio of 29.16, a P/E/G ratio of 0.59 and a beta of 2.35.

Lovesac (NASDAQ:LOVE - Get Free Report) last announced its quarterly earnings data on Thursday, June 12th. The company reported ($0.73) EPS for the quarter, topping analysts' consensus estimates of ($0.81) by $0.08. The business had revenue of $138.37 million during the quarter, compared to analysts' expectations of $137.20 million. Lovesac had a return on equity of 6.70% and a net margin of 1.99%.The firm's quarterly revenue was up 4.4% compared to the same quarter last year. During the same period in the previous year, the firm earned ($0.83) earnings per share. Lovesac has set its Q2 2026 guidance at -0.830--0.580 EPS. FY 2026 guidance at 0.800-1.360 EPS. On average, equities research analysts forecast that The Lovesac Company will post 0.39 EPS for the current fiscal year.

Analysts Set New Price Targets

Separately, Wall Street Zen raised Lovesac from a "sell" rating to a "hold" rating in a research note on Saturday, July 12th. Five investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock presently has an average rating of "Buy" and an average target price of $30.40.

Insiders Place Their Bets

In other Lovesac news, Director Walter Field Mclallen bought 1,950 shares of Lovesac stock in a transaction on 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 completion of the acquisition, the director owned 40,000 shares in the company, valued at approximately $723,200. The trade was a 5.12% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 12.46% of the company's stock.

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.