Janus Henderson Group PLC Purchases 856 Shares of The Lovesac Company (NASDAQ:LOVE)

Janus Henderson Group PLC increased its position in shares of The Lovesac Company (NASDAQ:LOVEFree Report) by 0.1% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 606,781 shares of the company’s stock after acquiring an additional 856 shares during the period. Janus Henderson Group PLC owned about 3.90% of Lovesac worth $17,384,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Meeder Asset Management Inc. acquired a new stake in shares of Lovesac during the second quarter valued at about $43,000. SG Americas Securities LLC acquired a new stake in Lovesac during the 3rd quarter worth approximately $170,000. Valeo Financial Advisors LLC acquired a new stake in Lovesac during the 3rd quarter worth approximately $242,000. Quest Partners LLC grew its holdings in Lovesac by 797.6% during the 2nd quarter. Quest Partners LLC now owns 8,572 shares of the company’s stock worth $194,000 after acquiring an additional 7,617 shares during the last quarter. Finally, Versor Investments LP acquired a new position in Lovesac in the 3rd quarter valued at approximately $255,000. Institutional investors own 91.32% of the company’s stock.

Insider Activity

In other news, Director Albert Jack Krause sold 10,000 shares of the business’s 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 completion of the transaction, the director now directly owns 177,849 shares in the company, valued at $4,663,200.78. The trade was a 5.32 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 12.33% of the company’s stock.

Lovesac Price Performance

Shares of Lovesac stock opened at $37.95 on Friday. The firm has a market cap of $590.50 million, a price-to-earnings ratio of 74.41, a PEG ratio of 1.02 and a beta of 2.97. The stock’s 50-day moving average is $30.95 and its 200 day moving average is $27.08. The Lovesac Company has a one year low of $18.21 and a one year high of $39.49.

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

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on LOVE shares. Roth Mkm lifted their price target on shares of Lovesac from $31.00 to $35.00 and gave the stock a “buy” rating in a report on Tuesday, November 19th. Craig Hallum lifted their target price on Lovesac from $30.00 to $35.00 and gave the stock a “buy” rating in a report on Friday, September 13th. DA Davidson reissued a “buy” rating and issued a $32.00 price target on shares of Lovesac in a research note on Thursday, October 3rd. Finally, Canaccord Genuity Group lifted their price objective on Lovesac from $36.00 to $45.00 and gave the stock a “buy” rating in a research note on Monday, December 2nd. Six analysts have rated the stock with a buy rating, According to MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of $36.67.

View Our Latest Report on LOVE

About Lovesac

(Free Report)

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.

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Institutional Ownership by Quarter for Lovesac (NASDAQ:LOVE)

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