Quantinno Capital Management LP Has $744,000 Position in The Lovesac Company $LOVE

Quantinno Capital Management LP increased its stake in shares of The Lovesac Company (NASDAQ:LOVE) by 331.1% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 50,406 shares of the company’s stock after acquiring an additional 38,713 shares during the quarter. Quantinno Capital Management LP owned approximately 0.34% of Lovesac worth $744,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. BNP Paribas Financial Markets increased its stake in Lovesac by 130.4% in the second quarter. BNP Paribas Financial Markets now owns 1,938 shares of the company’s stock valued at $35,000 after purchasing an additional 1,097 shares in the last quarter. Ancora Advisors LLC acquired a new stake in shares of Lovesac in the 3rd quarter valued at about $146,000. XTX Topco Ltd bought a new stake in Lovesac in the 4th quarter valued at about $149,000. PFG Investments LLC bought a new stake in Lovesac in the 4th quarter valued at about $156,000. Finally, HRT Financial LP bought a new stake in Lovesac in the 4th quarter valued at about $160,000. 91.32% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts recently weighed in on the stock. Canaccord Genuity Group set a $22.00 price target on shares of Lovesac in a research report on Thursday, June 11th. Weiss Ratings reissued a “sell (d)” rating on shares of Lovesac in a research note on Wednesday, June 24th. Finally, DA Davidson raised their target price on Lovesac from $18.00 to $20.00 and gave the company a “buy” rating in a report on Friday, June 12th. Four research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $22.67.

Insider Buying and Selling

In other news, Director Andrew R. Heyer bought 30,000 shares of the company’s stock in a transaction on Thursday, June 18th. The shares were purchased at an average price of $14.68 per share, with a total value of $440,400.00. Following the transaction, the director directly owned 293,259 shares in the company, valued at $4,305,042.12. This represents a 11.40% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In the last ninety days, insiders have bought 33,550 shares of company stock valued at $490,146. Company insiders own 7.79% of the company’s stock.

Lovesac Price Performance

NASDAQ LOVE opened at $17.07 on Wednesday. The Lovesac Company has a 1 year low of $10.33 and a 1 year high of $20.88. The firm has a market cap of $249.90 million, a price-to-earnings ratio of 65.65, a PEG ratio of 0.98 and a beta of 2.02. The company has a fifty day moving average price of $16.77 and a 200-day moving average price of $15.15.

Lovesac (NASDAQ:LOVE) last released its quarterly earnings results on Thursday, June 11th. The company reported ($0.76) earnings per share for the quarter, beating analysts’ consensus estimates of ($1.03) by $0.27. Lovesac had a net margin of 0.55% and a return on equity of 1.88%. The company had revenue of $138.20 million for the quarter, compared to analyst estimates of $136.66 million. During the same period last year, the firm earned ($0.73) earnings per share. The firm’s revenue was down .1% on a year-over-year basis. Lovesac has set its Q2 2027 guidance at 0.200-0.480 EPS and its FY 2027 guidance at 0.340-0.810 EPS. On average, research analysts anticipate that The Lovesac Company will post 0.5 EPS for the current fiscal year.

Lovesac Company 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.