Isthmus Partners LLC Boosts Position in The Lovesac Company $LOVE

Isthmus Partners LLC boosted its position in The Lovesac Company (NASDAQ:LOVE) by 68.9% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 234,302 shares of the company’s stock after purchasing an additional 95,592 shares during the period. Isthmus Partners LLC owned about 1.60% of Lovesac worth $3,456,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. BNP Paribas Financial Markets grew its holdings in Lovesac by 130.4% during 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 during the period. Numerai GP LLC raised its stake in shares of Lovesac by 10.7% in the third quarter. Numerai GP LLC now owns 11,805 shares of the company’s stock worth $200,000 after buying an additional 1,145 shares during the period. MML Investors Services LLC lifted its position in shares of Lovesac by 1.0% during the 2nd quarter. MML Investors Services LLC now owns 218,845 shares of the company’s stock valued at $3,983,000 after buying an additional 2,203 shares in the last quarter. Rhumbline Advisers lifted its position in shares of Lovesac by 15.9% during the 2nd quarter. Rhumbline Advisers now owns 24,550 shares of the company’s stock valued at $447,000 after buying an additional 3,376 shares in the last quarter. Finally, Empowered Funds LLC grew its stake in shares of Lovesac by 8.1% during the 1st quarter. Empowered Funds LLC now owns 55,925 shares of the company’s stock valued at $1,017,000 after acquiring an additional 4,200 shares during the period. 91.32% of the stock is currently owned by institutional investors.

Insider Activity at Lovesac

In other news, CEO Shawn David Nelson acquired 1,477 shares of the company’s stock in a transaction that occurred on Thursday, April 16th. The shares were bought 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 directly owned 202,681 shares in the company, valued at $3,435,442.95. This trade represents a 0.73% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 12.46% of the company’s stock.

Lovesac Stock Performance

Shares of LOVE opened at $15.29 on Friday. The company’s fifty day moving average is $14.29 and its 200 day moving average is $14.01. The Lovesac Company has a fifty-two week low of $10.33 and a fifty-two week high of $21.15. The stock has a market capitalization of $225.99 million, a PE ratio of 52.73, a P/E/G ratio of 0.74 and a beta of 2.04.

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 during the quarter, compared to analyst estimates of $242.77 million. Lovesac had a return on equity of 2.02% and a net margin of 0.58%.The company’s revenue for the quarter was up 2.7% on a year-over-year basis. During the same period last year, the company earned $2.13 EPS. As a group, research analysts forecast that The Lovesac Company will post 0.59 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on LOVE. Roth Mkm reiterated a “buy” rating on shares of Lovesac in a research report on Friday, March 27th. Wall Street Zen upgraded shares of Lovesac from a “sell” rating to a “hold” rating in a research note on Saturday, April 4th. Finally, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Lovesac in a report on Friday, March 27th. Four investment analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $22.67.

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.