Valeo Financial Advisors LLC Sells 1,500 Shares of The Lovesac Company (NASDAQ:LOVE)

Valeo Financial Advisors LLC trimmed its position in shares of The Lovesac Company (NASDAQ:LOVE) by 14.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 8,805 shares of the company’s stock after selling 1,500 shares during the period. Valeo Financial Advisors LLC owned 0.06% of Lovesac worth $225,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also bought and sold shares of the company. Captrust Financial Advisors grew its stake in shares of Lovesac by 110.6% during the 1st quarter. Captrust Financial Advisors now owns 577 shares of the company’s stock worth $31,000 after acquiring an additional 303 shares during the period. Citigroup Inc. boosted its position in Lovesac by 32.6% during the first quarter. Citigroup Inc. now owns 2,339 shares of the company’s stock worth $68,000 after purchasing an additional 575 shares during the period. Royal Bank of Canada increased its stake in shares of Lovesac by 230.0% in the second quarter. Royal Bank of Canada now owns 2,627 shares of the company’s stock worth $70,000 after purchasing an additional 1,831 shares in the last quarter. Tower Research Capital LLC TRC raised its position in shares of Lovesac by 567.0% in the third quarter. Tower Research Capital LLC TRC now owns 3,675 shares of the company’s stock valued at $73,000 after purchasing an additional 3,124 shares during the period. Finally, State of Wyoming lifted its stake in shares of Lovesac by 338.3% during the 4th quarter. State of Wyoming now owns 3,651 shares of the company’s stock valued at $80,000 after buying an additional 2,818 shares in the last quarter. 91.32% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

LOVE has been the subject of a number of recent research reports. Canaccord Genuity Group reduced their price objective on shares of Lovesac from $44.00 to $36.00 and set a “buy” rating for the company in a research note on Friday. Roth Mkm reiterated a “buy” rating and set a $34.00 price objective on shares of Lovesac in a research note on Wednesday, April 10th.

Lovesac Trading Down 3.6 %

LOVE stock opened at $18.80 on Tuesday. The firm has a 50 day moving average of $22.81 and a 200-day moving average of $21.77. The firm has a market capitalization of $291.21 million, a P/E ratio of 13.43, a price-to-earnings-growth ratio of 0.42 and a beta of 2.87. The Lovesac Company has a 12 month low of $14.18 and a 12 month high of $30.93.

Lovesac (NASDAQ:LOVE) last released its quarterly earnings results on Thursday, April 11th. The company reported $1.87 EPS for the quarter, missing analysts’ consensus estimates of $1.93 by ($0.06). The company had revenue of $250.00 million during the quarter, compared to analysts’ expectations of $265.35 million. Lovesac had a return on equity of 12.19% and a net margin of 3.39%. Lovesac’s quarterly revenue was up 4.8% on a year-over-year basis. During the same period in the prior year, the firm earned $1.74 EPS. Sell-side analysts predict that The Lovesac Company will post 1.33 EPS for the current year.

Insider Buying and Selling at Lovesac

In other Lovesac news, CEO Shawn David Nelson sold 6,000 shares of the business’s stock in a transaction that occurred on Friday, March 15th. The stock was sold at an average price of $22.44, for a total value of $134,640.00. Following the completion of the sale, the chief executive officer now owns 179,970 shares in the company, valued at $4,038,526.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 12.09% of the company’s stock.

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.