Two Sigma Investments LP Boosts Holdings in The Lovesac Company (NASDAQ:LOVE)

Two Sigma Investments LP grew its position in shares of The Lovesac Company (NASDAQ:LOVE - Free Report) by 181.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 86,640 shares of the company's stock after buying an additional 55,881 shares during the period. Two Sigma Investments LP owned about 0.56% of Lovesac worth $2,050,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Heck Capital Advisors LLC purchased a new position in Lovesac in the 4th quarter worth about $26,000. Empowered Funds LLC raised its stake in shares of Lovesac by 5.0% in the fourth quarter. Empowered Funds LLC now owns 51,725 shares of the company's stock valued at $1,224,000 after purchasing an additional 2,441 shares in the last quarter. New York State Common Retirement Fund boosted its stake in Lovesac by 1,976.1% in the 4th quarter. New York State Common Retirement Fund now owns 118,795 shares of the company's stock valued at $2,811,000 after buying an additional 113,073 shares in the last quarter. BCGM Wealth Management LLC raised its stake in shares of Lovesac by 1.2% in the fourth quarter. BCGM Wealth Management LLC now owns 135,979 shares of the company's stock valued at $3,217,000 after acquiring an additional 1,615 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its position in Lovesac by 9.3% in the 4th quarter. Bank of New York Mellon Corp now owns 489,613 shares of the company's stock worth $11,584,000 after purchasing an additional 41,751 shares during the last quarter. Institutional investors own 91.32% of the company's stock.

Analyst Ratings Changes

Several research firms have recently weighed in on LOVE. Roth Mkm upped their price target on shares of Lovesac from $22.00 to $28.00 and gave the company a "buy" rating in a report on Friday, April 11th. DA Davidson decreased their price target on Lovesac from $35.00 to $24.00 and set a "buy" rating on the stock in a research report on Friday, April 11th. Canaccord Genuity Group cut their price objective on Lovesac from $45.00 to $30.00 and set a "buy" rating on the stock in a report on Friday, April 11th. Finally, Oppenheimer reiterated an "outperform" rating and set a $35.00 price objective on shares of Lovesac in a research report on Friday, April 11th. Six analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock has an average rating of "Buy" and an average price target of $31.67.

Lovesac Price Performance

LOVE stock traded up $0.11 during trading on Thursday, hitting $19.52. 14,276 shares of the stock traded hands, compared to its average volume of 377,474. The stock has a market cap of $289.77 million, a price-to-earnings ratio of 57.41, a price-to-earnings-growth ratio of 0.65 and a beta of 2.48. The firm's 50 day moving average is $18.91 and its two-hundred day moving average is $23.08. The Lovesac Company has a 1 year low of $12.12 and a 1 year high of $39.49.

Lovesac (NASDAQ:LOVE - Get Free Report) last posted its earnings results on Thursday, April 10th. The company reported $2.13 EPS for the quarter, beating analysts' consensus estimates of $1.80 by $0.33. The firm had revenue of $241.50 million during the quarter, compared to the consensus estimate of $230.33 million. Lovesac had a return on equity of 3.51% and a net margin of 1.04%. The company's quarterly revenue was down 3.6% compared to the same quarter last year. During the same period in the prior year, the company earned $1.87 EPS. As a group, analysts anticipate that The Lovesac Company will post 0.39 EPS 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.