Heck Capital Advisors LLC Acquires Shares of 1,080 The Lovesac Company (NASDAQ:LOVE)

Heck Capital Advisors LLC acquired a new stake in The Lovesac Company (NASDAQ:LOVE) during the fourth quarter, Holdings Channel.com reports. The institutional investor acquired 1,080 shares of the company’s stock, valued at approximately $26,000.

A number of other hedge funds have also recently modified their holdings of the company. SG Americas Securities LLC purchased a new position in shares of Lovesac during the third quarter valued at about $170,000. Franklin Resources Inc. purchased a new position in shares of Lovesac during the third quarter valued at about $231,000. Valeo Financial Advisors LLC bought a new stake in Lovesac during the third quarter worth about $242,000. Versor Investments LP bought a new stake in Lovesac during the third quarter worth about $255,000. Finally, International Assets Investment Management LLC boosted its stake in Lovesac by 2,765.0% during the third quarter. International Assets Investment Management LLC now owns 11,460 shares of the company’s stock worth $328,000 after acquiring an additional 11,060 shares in the last quarter. Hedge funds and other institutional investors own 91.32% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently issued reports on LOVE. DA Davidson dropped their target price on shares of Lovesac from $44.00 to $35.00 and set a “buy” rating on the stock in a research note on Friday, December 13th. Canaccord Genuity Group upped their target price on shares of Lovesac from $36.00 to $45.00 and gave the company a “buy” rating in a report on Monday, December 2nd. Finally, Roth Mkm increased their price objective on shares of Lovesac from $35.00 to $42.00 and gave the stock a “buy” rating in a research note on Tuesday, December 10th. Six research analysts have rated the stock with a buy rating, According to data from MarketBeat, the company currently has an average rating of “Buy” and an average price target of $38.33.

Insider Buying and Selling at Lovesac

In other news, Director Albert Jack Krause sold 30,000 shares of the firm’s stock in a transaction dated Friday, January 17th. The shares were sold at an average price of $26.33, for a total value 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. This trade represents a 16.87 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Walter Field Mclallen bought 4,000 shares of the stock in a transaction dated Friday, December 20th. The stock was purchased at an average price of $24.68 per share, with a total value of $98,720.00. Following the acquisition, the director now directly owns 23,540 shares in the company, valued at approximately $580,967.20. The trade was a 20.47 % increase in their position. The disclosure for this purchase can be found here. 12.33% of the stock is owned by company insiders.

Lovesac Stock Performance

LOVE opened at $24.58 on Tuesday. The stock has a market capitalization of $379.34 million, a price-to-earnings ratio of 72.29, a PEG ratio of 1.87 and a beta of 3.04. The company has a fifty day moving average of $28.28 and a 200 day moving average of $27.39. The Lovesac Company has a fifty-two week low of $18.21 and a fifty-two week high of $39.49.

Lovesac (NASDAQ:LOVE) last released its quarterly earnings data on Thursday, December 12th. The company reported ($0.32) EPS for the quarter, beating the consensus estimate of ($0.34) by $0.02. Lovesac had a net margin of 1.04% and a return on equity of 3.51%. The business had revenue of $149.90 million during the quarter, compared to analyst estimates of $155.26 million. During the same quarter last year, the business earned ($0.15) earnings per share. Lovesac’s quarterly revenue was down 2.7% compared to the same quarter last year. On average, equities research analysts forecast that The Lovesac Company will post 0.39 earnings per share for the current year.

Lovesac 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.