The Lovesac Company $LOVE Shares Sold by Kornitzer Capital Management Inc. KS

Kornitzer Capital Management Inc. KS cut its position in The Lovesac Company (NASDAQ:LOVE) by 87.6% during the second quarter, HoldingsChannel reports. The firm owned 35,450 shares of the company’s stock after selling 250,842 shares during the quarter. Kornitzer Capital Management Inc. KS’s holdings in Lovesac were worth $645,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of LOVE. Skylands Capital LLC grew its stake in shares of Lovesac by 5.4% during the first quarter. Skylands Capital LLC now owns 190,400 shares of the company’s stock worth $3,461,000 after purchasing an additional 9,750 shares in the last quarter. Pacer Advisors Inc. purchased a new stake in Lovesac during the 1st quarter worth about $2,390,000. GSA Capital Partners LLP lifted its holdings in Lovesac by 204.3% during the 1st quarter. GSA Capital Partners LLP now owns 32,759 shares of the company’s stock worth $596,000 after buying an additional 21,993 shares during the last quarter. BCGM Wealth Management LLC increased its holdings in shares of 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 acquiring an additional 11,647 shares during the last quarter. Finally, Halter Ferguson Financial Inc. raised its position in shares of Lovesac by 16.9% during the 1st quarter. Halter Ferguson Financial Inc. now owns 91,586 shares of the company’s stock worth $1,665,000 after acquiring an additional 13,252 shares in the last quarter. 91.32% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

LOVE has been the subject of a number of research analyst reports. Canaccord Genuity Group reaffirmed a “buy” rating and issued a $30.00 price target on shares of Lovesac in a report on Friday, September 12th. DA Davidson reiterated a “buy” rating and set a $24.00 price target on shares of Lovesac in a research note on Tuesday, September 9th. Weiss Ratings restated a “sell (d+)” rating on shares of Lovesac in a research report on Saturday. Maxim Group decreased 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 upgraded Lovesac from a “sell” rating to a “hold” rating in a research note on Saturday, July 12th. Five investment analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $30.00.

Lovesac Stock Down 0.3%

NASDAQ LOVE opened at $14.95 on Monday. The stock has a market capitalization of $218.42 million, a P/E ratio of 23.73, a P/E/G ratio of 0.71 and a beta of 2.38. The Lovesac Company has a 52-week low of $12.12 and a 52-week high of $39.49. The firm has a 50-day moving average price of $17.30 and a 200 day moving average price of $18.49.

Lovesac (NASDAQ:LOVE) last announced its quarterly earnings data on Thursday, September 11th. The company reported ($0.45) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.72) by $0.27. The company had revenue of $160.53 million for the quarter, compared to analyst estimates of $160.42 million. Lovesac had a return on equity of 6.35% and a net margin of 1.87%.The firm’s revenue for the quarter was up 2.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned ($0.38) EPS. Lovesac has set its Q3 2026 guidance at -0.830–0.51 EPS. FY 2026 guidance at 0.520-1.05 EPS. On average, equities research analysts expect that The Lovesac Company will post 0.39 earnings per share for the current fiscal year.

Lovesac Company 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.