Janus Henderson Group PLC Has $14.15 Million Stock Position in The Lovesac Company (NASDAQ:LOVE)

Janus Henderson Group PLC lowered its stake in The Lovesac Company (NASDAQ:LOVE) by 1.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 598,227 shares of the company’s stock after selling 8,554 shares during the quarter. Janus Henderson Group PLC’s holdings in Lovesac were worth $14,154,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. JPMorgan Chase & Co. increased its position in shares of Lovesac by 76.1% in the third quarter. JPMorgan Chase & Co. now owns 33,510 shares of the company’s stock valued at $960,000 after acquiring an additional 14,480 shares during the last quarter. Bank of New York Mellon Corp increased its position in Lovesac by 9.3% during the fourth quarter. Bank of New York Mellon Corp now owns 489,613 shares of the company’s stock worth $11,584,000 after buying an additional 41,751 shares during the last quarter. American Century Companies Inc. grew its position in shares of Lovesac by 15.0% in the fourth quarter. American Century Companies Inc. now owns 436,790 shares of the company’s stock valued at $10,334,000 after purchasing an additional 56,989 shares during the last quarter. SG Americas Securities LLC grew its position in shares of Lovesac by 305.0% in the fourth quarter. SG Americas Securities LLC now owns 24,064 shares of the company’s stock valued at $569,000 after purchasing an additional 18,122 shares during the last quarter. Finally, Barclays PLC grew its position in shares of Lovesac by 312.7% in the third quarter. Barclays PLC now owns 20,312 shares of the company’s stock valued at $583,000 after purchasing an additional 15,390 shares during the last quarter. Institutional investors and hedge funds own 91.32% of the company’s stock.

Analyst Ratings Changes

LOVE has been the topic of several research reports. Canaccord Genuity Group decreased their target price on Lovesac from $45.00 to $30.00 and set a “buy” rating on the stock in a research report on Friday, April 11th. Roth Mkm boosted their price target on Lovesac from $22.00 to $28.00 and gave the company a “buy” rating in a research note on Friday, April 11th. Oppenheimer reiterated an “outperform” rating and issued a $35.00 price target on shares of Lovesac in a research note on Friday, April 11th. Finally, DA Davidson cut their price target on Lovesac from $35.00 to $24.00 and set a “buy” rating for the company in a research note on Friday, April 11th. Six investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of $31.67.

Lovesac Price Performance

NASDAQ LOVE opened at $19.77 on Friday. The business has a fifty day moving average price of $18.42 and a two-hundred day moving average price of $24.07. The Lovesac Company has a fifty-two week low of $12.12 and a fifty-two week high of $39.49. The stock has a market capitalization of $293.49 million, a PE ratio of 58.15, a PEG ratio of 0.65 and a beta of 2.48.

Lovesac (NASDAQ:LOVE) last announced its quarterly earnings results on Thursday, April 10th. The company reported $2.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.80 by $0.33. The company had revenue of $241.50 million during the quarter, compared to the consensus estimate of $230.33 million. Lovesac had a net margin of 1.04% and a return on equity of 3.51%. The company’s revenue for the quarter was down 3.6% compared to the same quarter last year. During the same period in the prior year, the business earned $1.87 earnings per share. As a group, sell-side analysts expect that The Lovesac Company will post 0.39 earnings per share 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.