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

Y Intercept Hong Kong Ltd purchased a new position in shares of The Lovesac Company (NASDAQ:LOVE) during the second quarter, Holdings Channel.com reports. The fund purchased 31,924 shares of the company’s stock, valued at approximately $581,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. SummerHaven Investment Management LLC boosted its holdings in Lovesac by 2.0% in the 2nd quarter. SummerHaven Investment Management LLC now owns 34,640 shares of the company’s stock valued at $630,000 after purchasing an additional 691 shares during the last quarter. Fuller & Thaler Asset Management Inc. lifted its position in shares of Lovesac by 3.9% during the first quarter. Fuller & Thaler Asset Management Inc. now owns 21,318 shares of the company’s stock worth $388,000 after purchasing an additional 800 shares in the last quarter. Public Employees Retirement System of Ohio acquired a new position in shares of Lovesac in the second quarter worth $36,000. Quarry LP lifted its stake in Lovesac by 396.3% in the first quarter. Quarry LP now owns 3,052 shares of the company’s stock worth $55,000 after acquiring an additional 2,437 shares during the last quarter. Finally, Empowered Funds LLC boosted its position in shares of Lovesac by 8.1% during the 1st quarter. Empowered Funds LLC now owns 55,925 shares of the company’s stock worth $1,017,000 after acquiring an additional 4,200 shares in the last quarter. 91.32% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. Maxim Group decreased their price objective on Lovesac from $38.00 to $33.00 and set a “buy” rating for the company in a report on Friday, September 12th. DA Davidson restated a “buy” rating and issued a $24.00 price objective on shares of Lovesac in a research note on Tuesday, September 9th. Wall Street Zen upgraded Lovesac from a “sell” rating to a “hold” rating in a research report on Saturday, July 12th. Canaccord Genuity Group restated a “buy” rating and set a $30.00 target price on shares of Lovesac in a report on Friday, September 12th. Finally, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Lovesac in a report on Wednesday, October 8th. Five research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $30.00.

Lovesac Price Performance

NASDAQ LOVE opened at $13.11 on Friday. The company’s fifty day moving average price is $16.45 and its two-hundred day moving average price is $18.19. The company has a market capitalization of $191.54 million, a price-to-earnings ratio of 20.81, a price-to-earnings-growth ratio of 0.64 and a beta of 2.37. The Lovesac Company has a 12 month low of $12.12 and a 12 month high of $39.49.

Lovesac (NASDAQ:LOVE) last announced its earnings results on Thursday, September 11th. The company reported ($0.45) EPS for the quarter, beating the consensus estimate of ($0.72) by $0.27. The business had revenue of $160.53 million during the quarter, compared to the consensus estimate of $160.42 million. Lovesac had a return on equity of 6.35% and a net margin of 1.87%.Lovesac’s revenue was up 2.5% compared to the same quarter last year. During the same period in the prior 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, analysts anticipate that The Lovesac Company will post 0.39 EPS 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.