Invesco Ltd. Acquires 5,387 Shares of The Lovesac Company $LOVE

Invesco Ltd. grew its position in shares of The Lovesac Company (NASDAQ:LOVE) by 19.3% during the first quarter, according to its most recent filing with the SEC. The firm owned 33,339 shares of the company’s stock after acquiring an additional 5,387 shares during the period. Invesco Ltd. owned about 0.22% of Lovesac worth $606,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. SG Americas Securities LLC lifted its holdings in shares of Lovesac by 1,165.7% during the 1st quarter. SG Americas Securities LLC now owns 304,586 shares of the company’s stock valued at $5,537,000 after buying an additional 280,522 shares during the period. AWM Investment Company Inc. increased its stake in Lovesac by 33.2% in the 4th quarter. AWM Investment Company Inc. now owns 681,741 shares of the company’s stock worth $16,130,000 after buying an additional 170,045 shares in the last quarter. Pacer Advisors Inc. purchased a new position in shares of Lovesac during the first quarter valued at about $2,390,000. Squarepoint Ops LLC grew its position in shares of Lovesac by 316.1% during the fourth quarter. Squarepoint Ops LLC now owns 116,829 shares of the company’s stock valued at $2,764,000 after purchasing an additional 88,753 shares in the last quarter. Finally, Two Sigma Investments LP grew its position in shares of Lovesac by 181.7% during the fourth quarter. Two Sigma Investments LP now owns 86,640 shares of the company’s stock valued at $2,050,000 after purchasing an additional 55,881 shares in the last quarter. Hedge funds and other institutional investors own 91.32% of the company’s stock.

Lovesac Trading Up 7.6%

Shares of NASDAQ LOVE opened at $20.01 on Friday. The company has a 50-day moving average of $18.76 and a 200 day moving average of $18.83. The Lovesac Company has a 12-month low of $12.12 and a 12-month high of $39.49. The stock has a market cap of $291.15 million, a PE ratio of 28.59, a P/E/G ratio of 0.59 and a beta of 2.35.

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

Insider Buying and Selling at Lovesac

In related news, Director Walter Field Mclallen bought 1,950 shares of the company’s stock in a transaction that occurred on Friday, June 20th. The shares were purchased at an average cost of $18.08 per share, with a total value of $35,256.00. Following the transaction, the director directly owned 40,000 shares of the company’s stock, valued at approximately $723,200. This represents a 5.12% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 12.46% of the company’s stock.

Wall Street Analysts Forecast Growth

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

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.