The Lovesac Company (NASDAQ:LOVE) Given Average Rating of “Moderate Buy” by Analysts

Shares of The Lovesac Company (NASDAQ:LOVE) have earned a consensus rating of “Moderate Buy” from the five research firms that are covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation and four have issued a buy recommendation on the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $22.6667.

Several brokerages have recently commented on LOVE. Canaccord Genuity Group set a $22.00 target price on Lovesac in a research report on Thursday, June 11th. DA Davidson increased their price objective on Lovesac from $18.00 to $20.00 and gave the stock a “buy” rating in a report on Friday, June 12th. Weiss Ratings reiterated a “sell (d)” rating on shares of Lovesac in a report on Wednesday, June 24th. Wall Street Zen upgraded Lovesac from a “sell” rating to a “hold” rating in a report on Saturday, April 4th. Finally, Roth Mkm reiterated a “buy” rating on shares of Lovesac in a report on Friday, March 27th.

Lovesac Trading Down 1.0%

Shares of NASDAQ:LOVE opened at $16.76 on Thursday. The company has a 50 day moving average of $15.83 and a 200-day moving average of $14.50. The firm has a market cap of $245.37 million, a P/E ratio of 64.46, a P/E/G ratio of 0.96 and a beta of 2.02. Lovesac has a twelve month low of $10.33 and a twelve month high of $20.88.

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

Insider Buying and Selling at Lovesac

In related news, Director Andrew R. Heyer purchased 30,000 shares of the firm’s stock in a transaction dated Thursday, June 18th. The stock was bought at an average price of $14.68 per share, for a total transaction of $440,400.00. Following the purchase, the director owned 293,259 shares in the company, valued at $4,305,042.12. The trade was a 11.40% increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Shawn David Nelson purchased 1,477 shares of the firm’s stock in a transaction dated Thursday, April 16th. The shares were bought at an average price of $16.95 per share, with a total value of $25,035.15. Following the purchase, the chief executive officer owned 202,681 shares in the company, valued at $3,435,442.95. This represents a 0.73% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Over the last quarter, insiders have purchased 35,027 shares of company stock valued at $515,182. 7.79% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Lovesac

A number of hedge funds have recently bought and sold shares of LOVE. BNP Paribas Financial Markets raised its position in shares of Lovesac by 130.4% during the second quarter. BNP Paribas Financial Markets now owns 1,938 shares of the company’s stock valued at $35,000 after buying an additional 1,097 shares during the last quarter. Ancora Advisors LLC acquired a new position in shares of Lovesac during the third quarter valued at about $146,000. XTX Topco Ltd acquired a new position in shares of Lovesac during the fourth quarter valued at about $149,000. PFG Investments LLC acquired a new position in shares of Lovesac during the fourth quarter valued at about $156,000. Finally, HRT Financial LP acquired a new position in shares of Lovesac during the fourth quarter valued at about $160,000. 91.32% of the stock is currently owned by institutional investors.

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.