Hood River Capital Management LLC Acquires 59,231 Shares of The Lovesac Company (NASDAQ:LOVE)

Hood River Capital Management LLC lifted its stake in shares of The Lovesac Company (NASDAQ:LOVE - Free Report) by 6.4% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 986,947 shares of the company's stock after purchasing an additional 59,231 shares during the quarter. Hood River Capital Management LLC owned 6.40% of Lovesac worth $23,351,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Heck Capital Advisors LLC bought a new position in shares of Lovesac in the fourth quarter worth about $26,000. Charles Schwab Investment Management Inc. boosted its holdings in shares of Lovesac by 3.1% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 41,524 shares of the company's stock valued at $982,000 after acquiring an additional 1,243 shares in the last quarter. Price T Rowe Associates Inc. MD increased its holdings in Lovesac by 13.2% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 11,462 shares of the company's stock worth $272,000 after purchasing an additional 1,333 shares in the last quarter. MetLife Investment Management LLC boosted its stake in shares of Lovesac by 18.3% during 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 in the last quarter. Finally, BCGM Wealth Management LLC increased 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 buying an additional 1,615 shares during the period. Institutional investors and hedge funds own 91.32% of the company's stock.

Lovesac Stock Down 3.1 %

LOVE stock traded down $0.64 during mid-day trading on Monday, reaching $20.25. 176,124 shares of the company traded hands, compared to its average volume of 373,182. The firm's 50 day moving average price is $18.35 and its 200 day moving average price is $24.91. The stock has a market cap of $299.58 million, a price-to-earnings ratio of 59.44, a P/E/G ratio of 0.65 and a beta of 3.08. The Lovesac Company has a fifty-two week low of $12.12 and a fifty-two week high of $39.49.

Lovesac (NASDAQ:LOVE - Get Free Report) last issued its quarterly earnings data on Thursday, April 10th. The company reported $2.13 earnings per share for the quarter, beating the consensus estimate of $1.80 by $0.33. Lovesac had a return on equity of 3.51% and a net margin of 1.04%. The business had revenue of $241.50 million for the quarter, compared to analysts' expectations of $230.33 million. During the same period last year, the business earned $1.87 EPS. The business's revenue was down 3.6% on a year-over-year basis. On average, analysts anticipate that The Lovesac Company will post 0.39 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

LOVE has been the subject of a number of analyst reports. Roth Mkm raised their price objective on Lovesac from $22.00 to $28.00 and gave the stock a "buy" rating in a research report on Friday, April 11th. Canaccord Genuity Group dropped their target price on shares of Lovesac from $45.00 to $30.00 and set a "buy" rating on the stock in a report on Friday, April 11th. Oppenheimer reiterated an "outperform" rating and set a $35.00 price target on shares of Lovesac in a report on Friday, April 11th. Finally, DA Davidson dropped their price target on Lovesac from $35.00 to $24.00 and set a "buy" rating on the stock in a research note on Friday, April 11th. Six research analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock currently has an average rating of "Buy" and a consensus price target of $31.67.

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.