Landscape Capital Management L.L.C. Has $2.01 Million Stake in The Lovesac Company (NASDAQ:LOVE)

Landscape Capital Management L.L.C. boosted its stake in shares of The Lovesac Company (NASDAQ:LOVE) by 603.9% during the 4th quarter, Holdings Channel reports. The institutional investor owned 84,867 shares of the company’s stock after buying an additional 72,810 shares during the quarter. Landscape Capital Management L.L.C.’s holdings in Lovesac were worth $2,008,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the stock. New York State Common Retirement Fund boosted its stake in shares of Lovesac by 1,976.1% in the 4th quarter. New York State Common Retirement Fund now owns 118,795 shares of the company’s stock valued at $2,811,000 after purchasing an additional 113,073 shares during the last quarter. Anson Funds Management LP lifted its holdings in Lovesac by 13.9% in the third quarter. Anson Funds Management LP now owns 814,363 shares of the company’s stock valued at $23,332,000 after buying an additional 99,651 shares during the period. American Century Companies Inc. boosted its position in Lovesac by 15.0% during the fourth quarter. American Century Companies Inc. now owns 436,790 shares of the company’s stock valued at $10,334,000 after acquiring an additional 56,989 shares during the last quarter. MML Investors Services LLC grew its holdings in Lovesac by 46.9% during the 3rd quarter. MML Investors Services LLC now owns 138,893 shares of the company’s stock worth $3,979,000 after acquiring an additional 44,358 shares during the period. Finally, Bank of New York Mellon Corp grew its holdings in Lovesac by 9.3% during the 4th quarter. Bank of New York Mellon Corp now owns 489,613 shares of the company’s stock worth $11,584,000 after acquiring an additional 41,751 shares during the period. Institutional investors own 91.32% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently commented on the company. DA Davidson restated a “buy” rating and set a $35.00 target price on shares of Lovesac in a research report on Tuesday, March 25th. Roth Mkm boosted their price target on Lovesac from $35.00 to $42.00 and gave the company a “buy” rating in a research note on Tuesday, December 10th. Six analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of $38.33.

Insider Transactions at Lovesac

In other Lovesac news, Director Albert Jack Krause sold 30,000 shares of the business’s stock in a transaction on Friday, January 17th. The shares were sold at an average price of $26.33, for a total transaction of $789,900.00. Following the completion of the sale, the director now owns 147,849 shares in the company, valued at approximately $3,892,864.17. The trade was a 16.87 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 12.33% of the stock is owned by insiders.

Lovesac Stock Performance

Shares of NASDAQ:LOVE opened at $14.43 on Friday. The Lovesac Company has a 52-week low of $13.43 and a 52-week high of $39.49. The business’s 50 day simple moving average is $20.34 and its two-hundred day simple moving average is $25.91. The firm has a market cap of $222.70 million, a P/E ratio of 42.44, a PEG ratio of 0.65 and a beta of 3.08.

Lovesac Company 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.