Y Intercept Hong Kong Ltd Makes New $581,000 Investment in The Lovesac Company $LOVE

Y Intercept Hong Kong Ltd acquired a new stake in The Lovesac Company (NASDAQ:LOVE) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 31,924 shares of the company’s stock, valued at approximately $581,000. Y Intercept Hong Kong Ltd owned 0.22% of Lovesac at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Anson Funds Management LP lifted its position in shares of Lovesac by 1.4% during the 1st quarter. Anson Funds Management LP now owns 932,261 shares of the company’s stock worth $16,949,000 after buying an additional 13,032 shares during the last quarter. American Century Companies Inc. boosted its stake in shares of Lovesac by 10.5% in the 1st quarter. American Century Companies Inc. now owns 482,587 shares of the company’s stock valued at $8,773,000 after purchasing an additional 45,797 shares in the last quarter. Millennium Management LLC grew its holdings in shares of Lovesac by 344.8% during the 1st quarter. Millennium Management LLC now owns 302,291 shares of the company’s stock valued at $5,496,000 after purchasing an additional 234,324 shares during the last quarter. Trexquant Investment LP increased its position in Lovesac by 249.1% during the 1st quarter. Trexquant Investment LP now owns 152,734 shares of the company’s stock worth $2,777,000 after purchasing an additional 108,987 shares in the last quarter. Finally, BCGM Wealth Management LLC lifted its stake in Lovesac by 8.6% in the 1st quarter. BCGM Wealth Management LLC now owns 147,626 shares of the company’s stock valued at $2,684,000 after purchasing an additional 11,647 shares during the last quarter. 91.32% of the stock is currently owned by institutional investors and hedge funds.

Lovesac Stock Performance

Shares of NASDAQ:LOVE opened at $13.11 on Friday. The firm has a fifty day moving average price of $16.45 and a 200 day moving average price of $18.19. The Lovesac Company has a fifty-two week low of $12.12 and a fifty-two week high of $39.49. The firm has a market cap of $191.54 million, a price-to-earnings ratio of 20.81, a P/E/G ratio of 0.64 and a beta of 2.37.

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

Wall Street Analyst Weigh In

Several research analysts have issued reports on the stock. Weiss Ratings restated a “sell (d+)” rating on shares of Lovesac in a report on Wednesday, October 8th. DA Davidson restated 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 restated a “buy” rating and set a $30.00 price target on shares of Lovesac in a research report on Friday, September 12th. Maxim Group lowered their price objective on Lovesac from $38.00 to $33.00 and set a “buy” rating for the company in a research report on Friday, September 12th. Finally, Wall Street Zen raised Lovesac from a “sell” rating to a “hold” rating in a research report on Saturday, July 12th. Five analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $30.00.

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.