The Lovesac Company (NASDAQ:LOVE) Shares Purchased by Anson Funds Management LP

Anson Funds Management LP increased its holdings in shares of The Lovesac Company (NASDAQ:LOVE - Free Report) by 12.9% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 919,229 shares of the company's stock after purchasing an additional 104,866 shares during the quarter. Lovesac accounts for approximately 2.2% of Anson Funds Management LP's portfolio, making the stock its 11th biggest position. Anson Funds Management LP owned about 5.96% of Lovesac worth $21,749,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of LOVE. Senvest Management LLC lifted its holdings in shares of Lovesac by 17.4% in the 4th quarter. Senvest Management LLC now owns 1,106,767 shares of the company's stock worth $26,186,000 after acquiring an additional 163,745 shares during the last quarter. Hood River Capital Management LLC increased its position in shares of Lovesac by 6.4% during the fourth quarter. Hood River Capital Management LLC now owns 986,947 shares of the company's stock worth $23,351,000 after acquiring an additional 59,231 shares during the period. Bank of New York Mellon Corp raised its stake in shares of Lovesac by 9.3% in the fourth quarter. Bank of New York Mellon Corp now owns 489,613 shares of the company's stock valued at $11,584,000 after acquiring an additional 41,751 shares in the last quarter. Marshall Wace LLP grew its stake in Lovesac by 6.9% during the 4th quarter. Marshall Wace LLP now owns 452,901 shares of the company's stock worth $10,716,000 after purchasing an additional 29,173 shares in the last quarter. Finally, American Century Companies Inc. increased its holdings 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 purchasing an additional 56,989 shares during the period. 91.32% of the stock is currently owned by hedge funds and other institutional investors.

Lovesac Price Performance

Shares of NASDAQ:LOVE traded up $0.60 during trading on Thursday, hitting $21.03. 102,715 shares of the company were exchanged, compared to its average volume of 373,464. The firm's 50 day moving average price is $18.07 and its 200-day moving average price is $24.50. The Lovesac Company has a 12-month low of $12.12 and a 12-month high of $39.49. The stock has a market capitalization of $312.19 million, a P/E ratio of 61.85, a PEG ratio of 0.65 and a beta of 2.48.

Lovesac (NASDAQ:LOVE - Get Free Report) last announced its quarterly earnings results on Thursday, April 10th. The company reported $2.13 earnings per share 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 analysts' expectations of $230.33 million. Lovesac had a net margin of 1.04% and a return on equity of 3.51%. Lovesac'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. As a group, equities research analysts anticipate that The Lovesac Company will post 0.39 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the company. Oppenheimer reissued an "outperform" rating and set a $35.00 price objective on shares of Lovesac in a research report on Friday, April 11th. Canaccord Genuity Group lowered their price target on shares of Lovesac from $45.00 to $30.00 and set a "buy" rating for the company in a report on Friday, April 11th. Roth Mkm raised their price objective on shares of Lovesac from $22.00 to $28.00 and gave the company a "buy" rating in a report on Friday, April 11th. Finally, 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 research report on Friday, April 11th. Six research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company has a consensus rating of "Buy" and a consensus price target of $31.67.

Lovesac 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.