Lovesac Co (NASDAQ:LOVE) traded up 6.8% during trading on Friday . The stock traded as high as $17.89 and last traded at $17.52, 419,002 shares were traded during mid-day trading. An increase of 115% from the average session volume of 195,218 shares. The stock had previously closed at $16.41.

Several research analysts have recently commented on the company. ValuEngine raised Lovesac from a “hold” rating to a “buy” rating in a research note on Friday, August 23rd. Zacks Investment Research raised Lovesac from a “hold” rating to a “buy” rating and set a $23.00 price objective on the stock in a research note on Tuesday, September 17th. Oppenheimer assumed coverage on Lovesac in a research note on Thursday, August 8th. They issued an “outperform” rating and a $30.00 price objective on the stock. Stifel Nicolaus reaffirmed a “buy” rating and issued a $32.00 price objective on shares of Lovesac in a research note on Wednesday, September 11th. Finally, Canaccord Genuity reaffirmed a “buy” rating and issued a $33.00 price objective on shares of Lovesac in a research note on Tuesday, September 17th. Eight analysts have rated the stock with a buy rating, The stock currently has a consensus rating of “Buy” and a consensus price target of $34.00.

The firm has a 50 day moving average price of $18.07 and a 200 day moving average price of $27.04.

Lovesac (NASDAQ:LOVE) last posted its quarterly earnings data on Wednesday, September 11th. The company reported ($0.31) EPS for the quarter, topping the consensus estimate of ($0.51) by $0.20. Lovesac had a negative return on equity of 9.23% and a negative net margin of 4.06%. The firm had revenue of $48.10 million for the quarter, compared to the consensus estimate of $47.78 million. The company’s revenue for the quarter was up 44.9% compared to the same quarter last year. As a group, equities analysts predict that Lovesac Co will post -0.64 earnings per share for the current fiscal year.

A number of institutional investors and hedge funds have recently modified their holdings of LOVE. WINTON GROUP Ltd raised its stake in Lovesac by 14.5% during the 2nd quarter. WINTON GROUP Ltd now owns 10,217 shares of the company’s stock valued at $317,000 after purchasing an additional 1,297 shares during the period. FNY Investment Advisers LLC raised its stake in Lovesac by 13.4% during the 2nd quarter. FNY Investment Advisers LLC now owns 4,094 shares of the company’s stock valued at $127,000 after purchasing an additional 484 shares during the period. Skylands Capital LLC raised its stake in Lovesac by 19.3% during the 2nd quarter. Skylands Capital LLC now owns 161,748 shares of the company’s stock valued at $5,026,000 after purchasing an additional 26,148 shares during the period. Columbus Circle Investors bought a new stake in Lovesac during the 2nd quarter valued at approximately $1,975,000. Finally, Alpine Woods Capital Investors LLC bought a new stake in Lovesac during the 2nd quarter valued at approximately $280,000. 70.13% of the stock is currently owned by institutional investors.

Lovesac Company Profile (NASDAQ:LOVE)

The Lovesac Company designs, manufactures, and sells foam filled furniture, sectional couches, and related accessories. It offers sactionals, such as seats and sides; sacs, including foam beanbag chairs; and accessories comprising drink holders, footsac blankets, decorative pillows, fitted seat tables, and ottomans.

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