Landscape Capital Management L.L.C. Sells 79,771 Shares of The Lovesac Company (NASDAQ:LOVE)

Landscape Capital Management L.L.C. cut its holdings in The Lovesac Company (NASDAQ:LOVE) by 86.9% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 12,057 shares of the company’s stock after selling 79,771 shares during the quarter. Landscape Capital Management L.L.C. owned approximately 0.08% of Lovesac worth $345,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of LOVE. EntryPoint Capital LLC bought a new position in shares of Lovesac during the first quarter valued at approximately $39,000. Meeder Asset Management Inc. bought a new position in Lovesac during the 2nd quarter valued at approximately $43,000. SG Americas Securities LLC purchased a new position in Lovesac during the third quarter valued at $170,000. Quest Partners LLC boosted its holdings in Lovesac by 797.6% in the second quarter. Quest Partners LLC now owns 8,572 shares of the company’s stock worth $194,000 after acquiring an additional 7,617 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD grew its stake in shares of Lovesac by 8.2% in the first quarter. Price T Rowe Associates Inc. MD now owns 9,633 shares of the company’s stock worth $218,000 after acquiring an additional 726 shares during the last quarter. 91.32% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Lovesac

In other news, Director Albert Jack Krause sold 10,000 shares of Lovesac stock in a transaction on Thursday, October 3rd. The shares were sold at an average price of $26.22, for a total transaction of $262,200.00. Following the transaction, the director now owns 177,849 shares in the company, valued at $4,663,200.78. This trade represents a 5.32 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Corporate insiders own 12.33% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on LOVE shares. Roth Mkm lifted their price target on Lovesac from $31.00 to $35.00 and gave the stock a “buy” rating in a research report on Tuesday, November 19th. DA Davidson reiterated a “buy” rating and issued a $32.00 target price on shares of Lovesac in a research note on Thursday, October 3rd. Craig Hallum raised their price target on shares of Lovesac from $30.00 to $35.00 and gave the company a “buy” rating in a research report on Friday, September 13th. Finally, Canaccord Genuity Group reaffirmed a “buy” rating and issued a $36.00 price objective on shares of Lovesac in a research report on Friday, September 13th. Six equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Lovesac currently has a consensus rating of “Buy” and an average target price of $35.17.

Lovesac Stock Down 1.9 %

Shares of Lovesac stock opened at $34.71 on Monday. The Lovesac Company has a twelve month low of $18.21 and a twelve month high of $36.88. The company’s 50 day moving average is $28.82 and its 200 day moving average is $26.31. The company has a market cap of $540.09 million, a price-to-earnings ratio of 68.06, a price-to-earnings-growth ratio of 0.93 and a beta of 2.91.

Lovesac (NASDAQ:LOVE) last released its quarterly earnings results on Thursday, September 12th. The company reported ($0.38) earnings per share for the quarter, beating the consensus estimate of ($0.46) by $0.08. Lovesac had a return on equity of 4.83% and a net margin of 1.41%. The firm had revenue of $156.59 million for the quarter, compared to analysts’ expectations of $154.01 million. Sell-side analysts expect that The Lovesac Company will post 1.09 EPS for the current fiscal year.

About Lovesac

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.