American Century Companies Inc. Acquires 45,797 Shares of The Lovesac Company $LOVE

American Century Companies Inc. increased its holdings in shares of The Lovesac Company (NASDAQ:LOVE) by 10.5% during the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 482,587 shares of the company’s stock after purchasing an additional 45,797 shares during the period. American Century Companies Inc. owned 3.25% of Lovesac worth $8,773,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Heck Capital Advisors LLC bought a new position in shares of Lovesac during the fourth quarter valued at approximately $26,000. Cubist Systematic Strategies LLC bought a new position in shares of Lovesac during the fourth quarter valued at approximately $49,000. MetLife Investment Management LLC lifted its position in Lovesac by 18.3% during the fourth quarter. MetLife Investment Management LLC now owns 9,233 shares of the company’s stock valued at $218,000 after acquiring an additional 1,425 shares during the last quarter. GAMMA Investing LLC lifted its position in Lovesac by 12,234.3% during the first quarter. GAMMA Investing LLC now owns 12,581 shares of the company’s stock valued at $229,000 after acquiring an additional 12,479 shares during the last quarter. Finally, Wells Fargo & Company MN lifted its position in Lovesac by 24.8% during the fourth quarter. Wells Fargo & Company MN now owns 9,823 shares of the company’s stock valued at $232,000 after acquiring an additional 1,950 shares during the last quarter. 91.32% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen raised shares of Lovesac from a “sell” rating to a “hold” rating in a research report on Saturday, July 12th. Five research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company has an average rating of “Buy” and an average price target of $30.40.

Insider Activity

In related news, Director Walter Field Mclallen purchased 1,950 shares of the firm’s stock in a transaction on Friday, June 20th. The stock was acquired at an average price of $18.08 per share, with a total value of $35,256.00. Following the completion of the acquisition, the director owned 40,000 shares in the company, valued at approximately $723,200. This represents a 5.12% increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 12.46% of the company’s stock.

Lovesac Stock Up 2.3%

NASDAQ:LOVE opened at $18.52 on Wednesday. The Lovesac Company has a 52 week low of $12.12 and a 52 week high of $39.49. The firm has a 50 day moving average of $18.67 and a 200 day moving average of $18.99. The stock has a market capitalization of $269.47 million, a price-to-earnings ratio of 26.46, a PEG ratio of 0.58 and a beta of 2.20.

Lovesac (NASDAQ:LOVE) last posted its quarterly earnings results on Thursday, June 12th. The company reported ($0.73) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.81) by $0.08. The business had revenue of $138.37 million during the quarter, compared to analysts’ expectations of $137.20 million. Lovesac had a net margin of 1.99% and a return on equity of 6.70%. The business’s quarterly revenue was up 4.4% on a year-over-year basis. During the same quarter last year, the company posted ($0.83) earnings per share. Lovesac has set its Q2 2026 guidance at -0.830–0.580 EPS. FY 2026 guidance at 0.800-1.360 EPS. As a group, analysts expect that The Lovesac Company will post 0.39 EPS 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.