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

Landscape Capital Management L.L.C. lifted its position in shares of The Lovesac Company (NASDAQ:LOVE) by 603.9% in the fourth quarter, according to its most recent disclosure with the SEC. 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. owned about 0.55% of Lovesac worth $2,008,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the business. Heck Capital Advisors LLC acquired a new stake in Lovesac in the 4th quarter worth about $26,000. AlphaQuest LLC bought a new stake in shares of Lovesac in the fourth quarter valued at approximately $70,000. Franklin Resources Inc. acquired a new stake in Lovesac during the third quarter worth approximately $231,000. XTX Topco Ltd bought a new position in Lovesac during the 3rd quarter worth $381,000. Finally, M&T Bank Corp acquired a new position in Lovesac in the 4th quarter valued at $321,000. Institutional investors own 91.32% of the company’s stock.

Insiders Place Their Bets

In other Lovesac news, Director Albert Jack Krause sold 30,000 shares of the stock in a transaction dated Friday, January 17th. The stock was sold at an average price of $26.33, for a total value of $789,900.00. Following the completion of the transaction, the director now directly owns 147,849 shares in the company, valued at approximately $3,892,864.17. This trade represents a 16.87 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 12.33% of the company’s stock.

Lovesac Trading Down 6.4 %

LOVE opened at $14.43 on Friday. The company 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. The company’s 50 day moving average is $20.34 and its 200-day moving average is $25.91. The Lovesac Company has a 1-year low of $13.43 and a 1-year high of $39.49.

Analyst Ratings Changes

Several analysts have recently issued reports on the company. DA Davidson reissued a “buy” rating and set a $35.00 target price on shares of Lovesac in a report on Tuesday, March 25th. Roth Mkm raised their target price on shares of Lovesac from $35.00 to $42.00 and gave the company a “buy” rating in a report on Tuesday, December 10th. Six research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company presently has an average rating of “Buy” and an average price target of $38.33.

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.