Jump Financial LLC Acquires 20,581 Shares of The Lovesac Company (NASDAQ:LOVE)

Jump Financial LLC increased its position in shares of The Lovesac Company (NASDAQ:LOVE - Free Report) by 103.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 40,381 shares of the company's stock after acquiring an additional 20,581 shares during the period. Jump Financial LLC owned about 0.26% of Lovesac worth $955,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of the company. Heck Capital Advisors LLC purchased a new stake in shares of Lovesac during the 4th quarter worth about $26,000. AlphaQuest LLC bought a new position in Lovesac during the fourth quarter valued at approximately $70,000. Franklin Resources Inc. acquired a new stake in Lovesac in the third quarter valued at approximately $231,000. Wells Fargo & Company MN grew its position in Lovesac by 24.8% in the fourth quarter. Wells Fargo & Company MN now owns 9,823 shares of the company's stock worth $232,000 after acquiring an additional 1,950 shares in the last quarter. Finally, M&T Bank Corp acquired a new position in shares of Lovesac during the 4th quarter worth $321,000. Institutional investors and hedge funds own 91.32% of the company's stock.

Lovesac Stock Performance

Shares of Lovesac stock traded down $0.06 during trading on Friday, reaching $20.89. The company's stock had a trading volume of 399,727 shares, compared to its average volume of 373,931. The Lovesac Company has a one year low of $12.12 and a one year high of $39.49. The firm has a market cap of $309.05 million, a price-to-earnings ratio of 61.44, a price-to-earnings-growth ratio of 0.65 and a beta of 3.08. The business's fifty day moving average price is $18.35 and its 200-day moving average price is $24.91.

Lovesac (NASDAQ:LOVE - Get Free Report) last issued its quarterly earnings results on Thursday, April 10th. The company reported $2.13 EPS for the quarter, topping analysts' consensus estimates of $1.80 by $0.33. The company had revenue of $241.50 million during the quarter, compared to analyst estimates 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 previous year, the company earned $1.87 earnings per share. Sell-side analysts anticipate that The Lovesac Company will post 0.39 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on LOVE shares. DA Davidson decreased their price objective on shares of Lovesac from $35.00 to $24.00 and set a "buy" rating for the company 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 research note on Friday, April 11th. Canaccord Genuity Group lowered 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, Roth Mkm boosted their target price on Lovesac from $22.00 to $28.00 and gave the stock a "buy" rating in a report on Friday, April 11th. Six analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company has an average rating of "Buy" and an average target price 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.