Goldman Sachs Group Inc. Sells 20,982 Shares of The Lovesac Company $LOVE

Goldman Sachs Group Inc. lessened its position in shares of The Lovesac Company (NASDAQ:LOVE) by 21.4% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 77,202 shares of the company’s stock after selling 20,982 shares during the quarter. Goldman Sachs Group Inc. owned about 0.53% of Lovesac worth $1,404,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Heck Capital Advisors LLC acquired a new position in Lovesac during the fourth quarter worth about $26,000. Quarry LP raised its position in Lovesac by 396.3% during the 1st quarter. Quarry LP now owns 3,052 shares of the company’s stock worth $55,000 after buying an additional 2,437 shares during the last quarter. GAMMA Investing LLC increased its holdings in Lovesac by 12,234.3% during the 1st 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 in the last quarter. Two Sigma Advisers LP acquired a new stake in shares of Lovesac during the 4th quarter worth about $265,000. Finally, Point72 Asset Management L.P. acquired a new stake in shares of Lovesac in the fourth quarter worth approximately $313,000. Hedge funds and other institutional investors own 91.32% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. Wall Street Zen raised shares of Lovesac from a “sell” rating to a “hold” rating in a report on Saturday, July 12th. DA Davidson reissued a “buy” rating and issued a $24.00 price objective on shares of Lovesac in a research report on Tuesday, September 9th. Canaccord Genuity Group reiterated a “buy” rating and set a $30.00 price objective on shares of Lovesac in a research note on Friday, September 12th. Finally, Maxim Group reduced their target price on Lovesac from $38.00 to $33.00 and set a “buy” rating on the stock in a report on Friday, September 12th. Five equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of $30.00.

Lovesac Price Performance

Shares of NASDAQ:LOVE opened at $17.86 on Friday. The firm has a market capitalization of $260.93 million, a PE ratio of 28.35, a price-to-earnings-growth ratio of 0.85 and a beta of 2.35. The Lovesac Company has a 1 year low of $12.12 and a 1 year high of $39.49. The business has a 50 day simple moving average of $18.71 and a two-hundred day simple moving average of $18.61.

Lovesac (NASDAQ:LOVE) last issued its quarterly earnings data on Thursday, September 11th. The company reported ($0.45) EPS for the quarter, topping analysts’ consensus estimates of ($0.72) by $0.27. Lovesac had a net margin of 1.87% and a return on equity of 6.35%. The company had revenue of $160.53 million during the quarter, compared to the consensus estimate of $160.42 million. During the same quarter in the previous year, the firm posted ($0.38) earnings per share. Lovesac’s revenue for the quarter was up 2.5% compared to the same quarter last year. Lovesac has set its Q3 2026 guidance at -0.830–0.51 EPS. FY 2026 guidance at 0.520-1.05 EPS. Equities research analysts expect that The Lovesac Company will post 0.39 EPS for the current fiscal year.

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.