The Lovesac Company $LOVE Shares Bought by UBS Group AG

UBS Group AG boosted its position in shares of The Lovesac Company (NASDAQ:LOVE) by 63.9% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 229,643 shares of the company’s stock after buying an additional 89,537 shares during the quarter. UBS Group AG owned approximately 1.57% of Lovesac worth $3,387,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Isthmus Partners LLC acquired a new stake in Lovesac during the third quarter valued at $2,348,000. BCGM Wealth Management LLC grew its position in Lovesac by 77.4% during the fourth quarter. BCGM Wealth Management LLC now owns 241,532 shares of the company’s stock valued at $3,563,000 after buying an additional 105,349 shares during the period. Kanen Wealth Management LLC acquired a new stake in Lovesac during the third quarter valued at $4,025,000. AQR Capital Management LLC grew its position in Lovesac by 391.8% during the first quarter. AQR Capital Management LLC now owns 111,727 shares of the company’s stock valued at $2,031,000 after buying an additional 89,007 shares during the period. Finally, Corient Private Wealth LLC acquired a new stake in Lovesac during the second quarter valued at $2,024,000. Institutional investors and hedge funds own 91.32% of the company’s stock.

Lovesac Price Performance

LOVE opened at $16.16 on Monday. The company has a market cap of $238.84 million, a price-to-earnings ratio of 55.73, a PEG ratio of 0.78 and a beta of 2.04. The Lovesac Company has a 52-week low of $10.33 and a 52-week high of $21.15. The firm’s fifty day simple moving average is $14.71 and its two-hundred day simple moving average is $14.05.

Lovesac (NASDAQ:LOVE) last posted its quarterly earnings data on Thursday, March 26th. The company reported $2.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.00 by $0.19. The business had revenue of $248.05 million for the quarter, compared to the consensus estimate of $242.77 million. Lovesac had a net margin of 0.58% and a return on equity of 2.02%. The company’s revenue was up 2.7% compared to the same quarter last year. During the same period last year, the firm posted $2.13 earnings per share. On average, research analysts forecast that The Lovesac Company will post 0.59 EPS for the current year.

Wall Street Analysts Forecast Growth

Several analysts recently commented on LOVE shares. Wall Street Zen upgraded shares of Lovesac from a “sell” rating to a “hold” rating in a research report on Saturday, April 4th. Weiss Ratings restated a “sell (d)” rating on shares of Lovesac in a research report on Friday, March 27th. Finally, Roth Mkm restated a “buy” rating on shares of Lovesac in a research report on Friday, March 27th. Four equities research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $22.67.

Insider Transactions at Lovesac

In related news, CEO Shawn David Nelson acquired 1,477 shares of the firm’s stock in a transaction on Thursday, April 16th. The shares were acquired at an average cost of $16.95 per share, with a total value of $25,035.15. Following the completion of the acquisition, the chief executive officer directly owned 202,681 shares in the company, valued at approximately $3,435,442.95. This trade represents a 0.73% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 12.46% of the stock is currently owned by insiders.

Lovesac Profile

Lovesac, trading on NASDAQ under the symbol LOVE, is an American furniture company known for its modular seating systems and distinctive foam-filled “Sacs.” Founded in 1995 by Shawn Nelson, the company has built a reputation for innovative design that emphasizes comfort, durability and adaptability. Its core offerings include Sactionals—customizable sectional sofas assembled from individual “Sactional” cubes—and the original Lovesac Sacs, large fabric-covered bean bag chairs available in a variety of sizes and materials.

In addition to seating solutions, Lovesac has expanded into home entertainment products with the introduction of the Stage, a modular soundbar system designed to integrate seamlessly with Sactionals.