The Lovesac Company (NASDAQ:LOVE) Shares Bought by American Century Companies Inc.

American Century Companies Inc. increased its stake in The Lovesac Company (NASDAQ:LOVE) by 15.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 436,790 shares of the company’s stock after purchasing an additional 56,989 shares during the quarter. American Century Companies Inc. owned about 2.83% of Lovesac worth $10,334,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. State Street Corp lifted its stake in shares of Lovesac by 1.7% in the 3rd quarter. State Street Corp now owns 299,081 shares of the company’s stock worth $8,569,000 after acquiring an additional 5,124 shares during the period. Jane Street Group LLC lifted its position in Lovesac by 74.4% in the third quarter. Jane Street Group LLC now owns 80,776 shares of the company’s stock worth $2,314,000 after purchasing an additional 34,451 shares during the period. XTX Topco Ltd bought a new position in Lovesac during the 3rd quarter valued at $381,000. Anson Funds Management LP increased its position in shares of Lovesac by 13.9% during the 3rd quarter. Anson Funds Management LP now owns 814,363 shares of the company’s stock valued at $23,332,000 after purchasing an additional 99,651 shares during the period. Finally, MML Investors Services LLC raised its stake in shares of Lovesac by 46.9% in the 3rd quarter. MML Investors Services LLC now owns 138,893 shares of the company’s stock worth $3,979,000 after buying an additional 44,358 shares in the last quarter. Institutional investors own 91.32% of the company’s stock.

Lovesac Price Performance

Lovesac stock opened at $18.26 on Thursday. The company has a market cap of $281.81 million, a P/E ratio of 53.71, a price-to-earnings-growth ratio of 0.65 and a beta of 3.05. The Lovesac Company has a fifty-two week low of $15.22 and a fifty-two week high of $39.49. The firm’s 50 day simple moving average is $20.78 and its 200-day simple moving average is $26.07.

Analysts Set New Price Targets

Several research firms recently commented on LOVE. DA Davidson reissued a “buy” rating and set a $35.00 target price on shares of Lovesac in a research note on Tuesday, March 25th. Roth Mkm raised their price objective on Lovesac from $35.00 to $42.00 and gave the stock a “buy” rating in a research note on Tuesday, December 10th. Six research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Lovesac currently has a consensus rating of “Buy” and an average price target of $38.33.

Insiders Place Their Bets

In other Lovesac news, Director Albert Jack Krause sold 30,000 shares of the firm’s stock in a transaction dated Friday, January 17th. The stock was sold at an average price of $26.33, for a total transaction of $789,900.00. Following the completion of the sale, the director now directly owns 147,849 shares in the company, valued at approximately $3,892,864.17. This trade represents a 16.87 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Corporate insiders own 12.33% 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.