Landscape Capital Management L.L.C. Boosts Holdings in The Lovesac Company $LOVE

Key Points

• Landscape Capital Management L.L.C. has increased its stake in The Lovesac Company by 73%, acquiring 61,950 shares to reach a total of 146,817 shares, valued at approximately $2.67 million.
• Institutional investors and hedge funds hold a significant majority, owning 91.32% of The Lovesac Company's stock.
• Analysts have upgraded Lovesac from a "sell" to a "hold" rating, with an average price target set at $30.40.

Landscape Capital Management L.L.C. grew its stake in shares of The Lovesac Company (NASDAQ:LOVE - Free Report) by 73.0% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 146,817 shares of the company's stock after acquiring an additional 61,950 shares during the quarter. Landscape Capital Management L.L.C. owned about 0.99% of Lovesac worth $2,669,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Anson Funds Management LP lifted its stake in shares of Lovesac by 1.4% in the first quarter. Anson Funds Management LP now owns 932,261 shares of the company's stock worth $16,949,000 after buying an additional 13,032 shares in the last quarter. AWM Investment Company Inc. lifted its holdings in shares of Lovesac by 33.2% during the 4th quarter. AWM Investment Company Inc. now owns 681,741 shares of the company's stock valued at $16,130,000 after buying an additional 170,045 shares during the period. American Century Companies Inc. boosted its stake in shares of Lovesac by 10.5% in the 1st quarter. American Century Companies Inc. now owns 482,587 shares of the company's stock worth $8,773,000 after buying an additional 45,797 shares during the last quarter. SG Americas Securities LLC grew its holdings in shares of Lovesac by 1,165.7% in the first quarter. SG Americas Securities LLC now owns 304,586 shares of the company's stock worth $5,537,000 after acquiring an additional 280,522 shares during the period. Finally, Skylands Capital LLC increased its position in Lovesac by 5.4% during the first quarter. Skylands Capital LLC now owns 190,400 shares of the company's stock valued at $3,461,000 after acquiring an additional 9,750 shares during the last quarter. 91.32% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

Insider Activity at Lovesac

In other Lovesac news, Director Walter Field Mclallen acquired 1,950 shares of the company's stock in a transaction on Friday, June 20th. The stock was acquired at an average cost of $18.08 per share, with a total value of $35,256.00. Following the purchase, the director directly owned 40,000 shares of the company's stock, valued at approximately $723,200. This represents a 5.12% increase in their position. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 12.46% of the company's stock.

Lovesac Price Performance

Shares of NASDAQ:LOVE traded up $0.19 during mid-day trading on Wednesday, reaching $18.34. 47,170 shares of the company traded hands, compared to its average volume of 406,769. The company's 50 day moving average price is $18.73 and its 200-day moving average price is $18.86. The firm has a market cap of $266.77 million, a PE ratio of 25.98, a PEG ratio of 0.61 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.

Lovesac (NASDAQ:LOVE - Get Free Report) last posted its quarterly 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. The business had revenue of $138.37 million during the quarter, compared to analyst estimates of $137.20 million. Lovesac had a net margin of 1.99% and a return on equity of 6.70%. The company's revenue was up 4.4% on a year-over-year basis. During the same period in the prior year, the business posted ($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, research analysts predict that The Lovesac Company will post 0.39 earnings per share 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.