The Lovesac Company $LOVE Shares Purchased by Trexquant Investment LP

Key Points

• Trexquant Investment LP significantly increased its stake in The Lovesac Company by 249.1%, acquiring a total of 152,734 shares valued at approximately $2.8 million.
• Analysts have upgraded Lovesac’s rating from "sell" to "hold", with five analysts currently giving the stock a Buy rating and an average target price of $30.40.
• Lovesac reported a 4.4% increase in revenue year-over-year, with quarterly earnings of ($0.73) per share, which beat analyst expectations by $0.08.

Trexquant Investment LP grew its holdings in The Lovesac Company (NASDAQ:LOVE - Free Report) by 249.1% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 152,734 shares of the company's stock after acquiring an additional 108,987 shares during the quarter. Trexquant Investment LP owned about 1.03% of Lovesac worth $2,777,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of LOVE. SummerHaven Investment Management LLC boosted its position in shares of Lovesac by 1.7% in the first quarter. SummerHaven Investment Management LLC now owns 33,949 shares of the company's stock worth $617,000 after buying an additional 562 shares during the period. Fuller & Thaler Asset Management Inc. boosted its stake in Lovesac by 3.9% during the 1st quarter. Fuller & Thaler Asset Management Inc. now owns 21,318 shares of the company's stock valued at $388,000 after purchasing an additional 800 shares in the last quarter. Heck Capital Advisors LLC acquired a new stake in shares of Lovesac during the 4th quarter valued at $26,000. Price T Rowe Associates Inc. MD lifted its holdings in shares of Lovesac by 13.2% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 11,462 shares of the company's stock valued at $272,000 after purchasing an additional 1,333 shares in the last quarter. Finally, MetLife Investment Management LLC grew its position in shares of Lovesac by 18.3% in the fourth quarter. MetLife Investment Management LLC now owns 9,233 shares of the company's stock valued at $218,000 after purchasing an additional 1,425 shares during the last quarter. 91.32% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Lovesac news, Director Walter Field Mclallen bought 1,950 shares of the business's stock in a transaction on Friday, June 20th. The shares were acquired at an average price of $18.08 per share, with a total value of $35,256.00. Following the transaction, the director owned 40,000 shares of the company's stock, valued at approximately $723,200. This trade represents a 5.12% increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 12.46% of the stock is owned by insiders.

Wall Street Analyst Weigh In

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

Lovesac Price Performance

NASDAQ:LOVE traded down $0.68 during trading hours on Monday, hitting $19.74. The stock had a trading volume of 160,960 shares, compared to its average volume of 405,581. The firm has a market capitalization of $287.14 million, a price-to-earnings ratio of 28.42, a P/E/G ratio of 0.65 and a beta of 2.35. The company has a 50 day simple moving average of $18.79 and a two-hundred day simple moving average of $18.75. The Lovesac Company has a one year low of $12.12 and a one year high of $39.49.

Lovesac (NASDAQ:LOVE - Get Free Report) last announced its quarterly earnings data 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. Lovesac had a net margin of 1.99% and a return on equity of 6.70%. The business had revenue of $138.37 million for the quarter, compared to analysts' expectations of $137.20 million. During the same quarter in the prior year, the company earned ($0.83) earnings per share. The business's revenue was up 4.4% compared to the same quarter last year. Lovesac has set its Q2 2026 guidance at -0.830--0.580 EPS. FY 2026 guidance at 0.800-1.360 EPS. Equities research analysts anticipate that The Lovesac Company will post 0.39 earnings per share 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.