Lovesac Co (NASDAQ:LOVE) saw a large increase in short interest in the month of July. As of July 15th, there was short interest totalling 1,269,500 shares, an increase of 7.8% from the June 15th total of 1,177,500 shares. Currently, 20.2% of the company’s shares are short sold. Based on an average daily volume of 252,100 shares, the days-to-cover ratio is presently 5.0 days.

Shares of LOVE stock traded down $0.32 during trading hours on Monday, reaching $21.79. The company had a trading volume of 113,764 shares, compared to its average volume of 153,490. Lovesac has a twelve month low of $16.46 and a twelve month high of $46.79. The company’s fifty day simple moving average is $28.07.

Lovesac (NASDAQ:LOVE) last posted its earnings results on Monday, June 10th. The company reported ($0.67) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.56) by ($0.11). Lovesac had a negative net margin of 5.62% and a negative return on equity of 8.59%. The company had revenue of $40.96 million during the quarter, compared to analyst estimates of $40.66 million. The company’s quarterly revenue was up 53.0% compared to the same quarter last year. As a group, research analysts expect that Lovesac will post -0.63 EPS for the current fiscal year.

LOVE has been the topic of a number of research reports. Stifel Nicolaus downgraded AnaptysBio from a “buy” rating to a “hold” rating and cut their price objective for the stock from $124.00 to $74.00 in a report on Friday, June 21st. Zacks Investment Research upgraded HB Fuller from a “sell” rating to a “hold” rating in a report on Wednesday, July 3rd. Roth Capital raised their price objective on Lovesac from $28.00 to $33.00 in a report on Wednesday, April 24th. Craig Hallum raised their price objective on 1-800-Flowers.Com from $26.00 to $20.00 and gave the stock a “buy” rating in a report on Wednesday, May 1st. Finally, DA Davidson initiated coverage on Lovesac in a report on Monday, April 1st. They issued a “buy” rating and a $38.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating and four have given a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $41.83.

In other news, major shareholder Sac Acquisition Llc sold 1,457,255 shares of the firm’s stock in a transaction dated Wednesday, May 29th. The stock was sold at an average price of $34.38, for a total value of $50,100,426.90. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Satori Capital, Llc sold 550,000 shares of the firm’s stock in a transaction dated Friday, May 24th. The stock was sold at an average price of $34.38, for a total value of $18,909,000.00. The disclosure for this sale can be found here. Company insiders own 54.70% of the company’s stock.

Several hedge funds have recently bought and sold shares of the company. Deutsche Bank AG grew its stake in shares of Lovesac by 5.2% in the fourth quarter. Deutsche Bank AG now owns 7,441 shares of the company’s stock valued at $170,000 after buying an additional 367 shares in the last quarter. FNY Investment Advisers LLC grew its stake in shares of Lovesac by 13.4% in the second quarter. FNY Investment Advisers LLC now owns 4,094 shares of the company’s stock valued at $127,000 after buying an additional 484 shares in the last quarter. Citigroup Inc. grew its stake in shares of Lovesac by 52.9% in the fourth quarter. Citigroup Inc. now owns 1,515 shares of the company’s stock valued at $35,000 after buying an additional 524 shares in the last quarter. BNP Paribas Arbitrage SA grew its stake in shares of Lovesac by 1,264.4% in the first quarter. BNP Paribas Arbitrage SA now owns 1,187 shares of the company’s stock valued at $33,000 after buying an additional 1,100 shares in the last quarter. Finally, WINTON GROUP Ltd grew its stake in shares of Lovesac by 14.5% in the second quarter. WINTON GROUP Ltd now owns 10,217 shares of the company’s stock valued at $317,000 after buying an additional 1,297 shares in the last quarter. Institutional investors and hedge funds own 48.56% of the company’s stock.

Lovesac Company Profile

The Lovesac Company designs, manufactures, and sells foam filled furniture, sectional couches, and related accessories. It offers sactionals, such as seats and sides; sacs, including foam beanbag chairs; and accessories comprising drink holders, footsac blankets, decorative pillows, fitted seat tables, and ottomans.

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