Tectonic Advisors LLC Invests $661,000 in The Lovesac Company $LOVE

Key Points

• Tectonic Advisors LLC has invested approximately $661,000 in The Lovesac Company, acquiring 36,308 shares, representing about 0.25% of the company.
• Despite a range of analyst ratings, including several "buy" ratings, Weiss Ratings maintained a "sell" rating on Lovesac, indicating mixed sentiments among investors.
• Lovesac reported better-than-expected earnings with an EPS of ($0.45), surpassing consensus estimates and reflecting a 2.5% revenue increase year-over-year.

Tectonic Advisors LLC bought a new position in The Lovesac Company (NASDAQ:LOVE - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor bought 36,308 shares of the company's stock, valued at approximately $661,000. Tectonic Advisors LLC owned approximately 0.25% of Lovesac as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Public Employees Retirement System of Ohio bought a new position in Lovesac during the 2nd quarter valued at approximately $36,000. Quarry LP increased its position in Lovesac by 396.3% during the 1st quarter. Quarry LP now owns 3,052 shares of the company's stock valued at $55,000 after buying an additional 2,437 shares in the last quarter. GAMMA Investing LLC increased its position in Lovesac by 12,234.3% during the 1st quarter. GAMMA Investing LLC now owns 12,581 shares of the company's stock valued at $229,000 after buying an additional 12,479 shares in the last quarter. AlphaQuest LLC increased its position in Lovesac by 499.9% during the 1st quarter. AlphaQuest LLC now owns 17,859 shares of the company's stock valued at $325,000 after buying an additional 14,882 shares in the last quarter. Finally, Harbour Capital Advisors LLC bought a new position in Lovesac during the 1st quarter valued at approximately $327,000. Institutional investors own 91.32% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on LOVE shares. Weiss Ratings reaffirmed a "sell (d+)" rating on shares of Lovesac in a research report on Wednesday. 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 set a $24.00 price objective on shares of Lovesac in a research report on Tuesday, September 9th. Maxim Group reduced their price objective on Lovesac from $38.00 to $33.00 and set a "buy" rating for the company in a research report on Friday, September 12th. Finally, Canaccord Genuity Group reiterated a "buy" rating and set a $30.00 target price on shares of Lovesac in a research note on Friday, September 12th. Five investment analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $30.00.

Lovesac Trading Down 4.8%

Shares of LOVE opened at $14.60 on Friday. The business's fifty day simple moving average is $18.14 and its two-hundred day simple moving average is $18.58. The Lovesac Company has a 12 month low of $12.12 and a 12 month high of $39.49. The company has a market cap of $213.31 million, a price-to-earnings ratio of 23.17, a P/E/G ratio of 0.73 and a beta of 2.38.

Lovesac (NASDAQ:LOVE - Get Free Report) last issued its earnings results on Thursday, September 11th. The company reported ($0.45) EPS for the quarter, beating the consensus estimate of ($0.72) by $0.27. Lovesac had a return on equity of 6.35% and a net margin of 1.87%.The business had revenue of $160.53 million for the quarter, compared to the consensus estimate of $160.42 million. During the same period last year, the business posted ($0.38) EPS. The company's revenue 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, research analysts forecast that The Lovesac Company will post 0.39 EPS for the current year.

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.

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