The Lovesac Company $LOVE Shares Acquired by Isthmus Partners LLC

Isthmus Partners LLC increased its stake in The Lovesac Company (NASDAQ:LOVE) by 68.9% in the fourth quarter, Holdings Channel reports. The firm owned 234,302 shares of the company’s stock after purchasing an additional 95,592 shares during the period. Isthmus Partners LLC’s holdings in Lovesac were worth $3,456,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also bought and sold shares of the stock. Skylands Capital LLC raised its holdings in Lovesac by 53.4% in the 4th quarter. Skylands Capital LLC now owns 291,397 shares of the company’s stock worth $4,298,000 after purchasing an additional 101,447 shares during the period. UBS Group AG grew its holdings in Lovesac by 63.9% in the fourth quarter. UBS Group AG now owns 229,643 shares of the company’s stock valued at $3,387,000 after purchasing an additional 89,537 shares during the period. PFG Investments LLC purchased a new stake in shares of Lovesac in the fourth quarter valued at approximately $156,000. BCGM Wealth Management LLC increased its position in shares of Lovesac by 77.4% in 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 in the last quarter. Finally, Nomura Holdings Inc. raised its stake in shares of Lovesac by 71.9% during the 3rd quarter. Nomura Holdings Inc. now owns 250,502 shares of the company’s stock worth $4,241,000 after buying an additional 104,781 shares during the period. Institutional investors and hedge funds own 91.32% of the company’s stock.

Insider Buying and Selling

In other Lovesac news, CEO Shawn David Nelson acquired 1,477 shares of the stock in a transaction dated Thursday, April 16th. The stock was acquired at an average price of $16.95 per share, with a total value of $25,035.15. Following the completion of the purchase, the chief executive officer owned 202,681 shares in the company, valued at $3,435,442.95. This trade represents a 0.73% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 12.46% of the stock is owned by company insiders.

Lovesac Trading Down 0.2%

Shares of LOVE opened at $15.29 on Friday. The Lovesac Company has a 12-month low of $10.33 and a 12-month high of $21.15. The firm has a market capitalization of $225.99 million, a P/E ratio of 52.73, a P/E/G ratio of 0.74 and a beta of 2.04. The firm has a 50-day moving average price of $14.29 and a 200 day moving average price of $14.01.

Lovesac (NASDAQ:LOVE) last posted its earnings results on Thursday, March 26th. The company reported $2.19 EPS for the quarter, beating analysts’ consensus estimates of $2.00 by $0.19. Lovesac had a return on equity of 2.02% and a net margin of 0.58%.The company had revenue of $248.05 million for the quarter, compared to the consensus estimate of $242.77 million. During the same quarter in the previous year, the business earned $2.13 earnings per share. The company’s revenue for the quarter was up 2.7% on a year-over-year basis. Equities research analysts predict that The Lovesac Company will post 0.59 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the stock. Wall Street Zen raised shares of Lovesac from a “sell” rating to a “hold” rating in a 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 reiterated a “buy” rating on shares of Lovesac in a report on Friday, March 27th. Four equities research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $22.67.

About Lovesac

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.