The Lovesac Company (NASDAQ:LOVE) Holdings Raised by Marshall Wace LLP

Marshall Wace LLP grew its holdings in The Lovesac Company (NASDAQ:LOVE - Free Report) by 6.9% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 452,901 shares of the company's stock after acquiring an additional 29,173 shares during the period. Marshall Wace LLP owned about 2.94% of Lovesac worth $10,716,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Senvest Management LLC boosted its position in shares of Lovesac by 17.4% in the fourth quarter. Senvest Management LLC now owns 1,106,767 shares of the company's stock worth $26,186,000 after buying an additional 163,745 shares during the period. Bank of New York Mellon Corp grew its holdings in Lovesac by 9.3% during the 4th quarter. Bank of New York Mellon Corp now owns 489,613 shares of the company's stock valued at $11,584,000 after purchasing an additional 41,751 shares in the last quarter. American Century Companies Inc. increased its stake in Lovesac by 15.0% during the 4th quarter. American Century Companies Inc. now owns 436,790 shares of the company's stock worth $10,334,000 after buying an additional 56,989 shares during the period. Geode Capital Management LLC lifted its holdings in Lovesac by 1.3% in the 4th quarter. Geode Capital Management LLC now owns 340,440 shares of the company's stock worth $8,057,000 after buying an additional 4,230 shares in the last quarter. Finally, State Street Corp boosted its position in Lovesac by 1.7% in the 3rd quarter. State Street Corp now owns 299,081 shares of the company's stock valued at $8,569,000 after buying an additional 5,124 shares during the last quarter. 91.32% of the stock is owned by hedge funds and other institutional investors.

Lovesac Trading Down 0.3 %

NASDAQ LOVE traded down $0.06 during trading hours 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 business has a 50-day simple moving average of $18.35 and a 200 day simple moving average of $24.91. The stock has a market cap of $309.05 million, a PE ratio of 61.44, a PEG ratio of 0.65 and a beta of 3.08. The Lovesac Company has a 52 week low of $12.12 and a 52 week high of $39.49.

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

Wall Street Analysts Forecast Growth

Several research firms recently commented on LOVE. DA Davidson cut 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. Oppenheimer restated an "outperform" rating and issued a $35.00 price target on shares of Lovesac in a research note on Friday, April 11th. Canaccord Genuity Group cut their target price on shares of Lovesac from $45.00 to $30.00 and set a "buy" rating on the stock in a research note on Friday, April 11th. Finally, Roth Mkm lifted their price target on Lovesac from $22.00 to $28.00 and gave the stock a "buy" rating in a research note on Friday, April 11th. Six investment analysts have rated the stock with a buy rating, According to MarketBeat, Lovesac currently has a consensus rating of "Buy" and an average 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.