Lovesac (NASDAQ:LOVE) President Purchases 1,720 Shares

The Lovesac Company (NASDAQ:LOVE) President Mary Fox acquired 1,720 shares of Lovesac stock in a transaction dated Monday, June 22nd. The shares were bought at an average cost of $14.41 per share, for a total transaction of $24,785.20. Following the completion of the purchase, the president directly owned 71,674 shares of the company’s stock, valued at approximately $1,032,822.34. The trade was a 2.46% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Lovesac Stock Down 3.2%

Shares of NASDAQ LOVE traded down $0.47 during midday trading on Monday, reaching $14.00. The company had a trading volume of 281,212 shares, compared to its average volume of 256,934. The Lovesac Company has a one year low of $10.33 and a one year high of $20.88. The firm’s fifty day moving average price is $15.88 and its 200-day moving average price is $14.43. The stock has a market cap of $204.96 million, a PE ratio of 53.85, a price-to-earnings-growth ratio of 0.82 and a beta of 2.02.

Lovesac (NASDAQ:LOVE) last posted its quarterly earnings results on Thursday, June 11th. The company reported ($0.76) earnings per share (EPS) for the quarter, topping the consensus estimate of ($1.03) by $0.27. The business had revenue of $138.20 million for the quarter, compared to analyst estimates of $136.66 million. Lovesac had a return on equity of 1.88% and a net margin of 0.55%.Lovesac’s revenue for the quarter was down .1% compared to the same quarter last year. During the same period last year, the company earned ($0.73) EPS. Lovesac has set its Q2 2027 guidance at 0.200-0.480 EPS and its FY 2027 guidance at 0.340-0.810 EPS. As a group, equities research analysts expect that The Lovesac Company will post 0.5 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in LOVE. Kanen Wealth Management LLC purchased a new stake in shares of Lovesac in the 1st quarter worth about $8,064,000. Empowered Funds LLC lifted its holdings in Lovesac by 9.5% in the first quarter. Empowered Funds LLC now owns 83,794 shares of the company’s stock worth $1,238,000 after buying an additional 7,247 shares during the period. Quantinno Capital Management LP boosted its position in Lovesac by 331.1% during the 1st quarter. Quantinno Capital Management LP now owns 50,406 shares of the company’s stock valued at $744,000 after acquiring an additional 38,713 shares in the last quarter. Senvest Management LLC grew its holdings in shares of Lovesac by 36.7% during the 1st quarter. Senvest Management LLC now owns 1,025,393 shares of the company’s stock worth $15,145,000 after acquiring an additional 275,252 shares during the period. Finally, Bastion Asset Management Inc. raised its position in shares of Lovesac by 193.6% in the 1st quarter. Bastion Asset Management Inc. now owns 356,097 shares of the company’s stock worth $5,290,000 after acquiring an additional 234,812 shares in the last quarter. 91.32% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the stock. DA Davidson increased their price target on shares of Lovesac from $18.00 to $20.00 and gave the company a “buy” rating in a research report on Friday, June 12th. Wall Street Zen raised shares of Lovesac from a “sell” rating to a “hold” rating in a research note on Saturday, April 4th. Canaccord Genuity Group set a $22.00 target price on shares of Lovesac in a report on Thursday, June 11th. Roth Mkm reissued a “buy” rating on shares of Lovesac in a research note on Friday, March 27th. Finally, Weiss Ratings restated a “sell (d)” rating on shares of Lovesac in a report on Friday, March 27th. Four investment analysts have rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Lovesac presently has a consensus rating of “Moderate Buy” and a consensus price target of $22.67.

Lovesac Company Profile

Lovesac, trading on NASDAQ under the symbol LOVE, is an American furniture company known for its modular seating systems and distinctive foam-filled “Sacs.” Founded in 1995 by Shawn Nelson, the company has built a reputation for innovative design that emphasizes comfort, durability and adaptability. Its core offerings include Sactionals—customizable sectional sofas assembled from individual “Sactional” cubes—and the original Lovesac Sacs, large fabric-covered bean bag chairs available in a variety of sizes and materials.

In addition to seating solutions, Lovesac has expanded into home entertainment products with the introduction of the Stage, a modular soundbar system designed to integrate seamlessly with Sactionals.