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

The Lovesac Company (NASDAQ:LOVE) has earned a consensus rating of “Moderate Buy” from the five analysts that are currently covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating and four have assigned a buy rating to the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $22.6667.

A number of research firms recently issued reports on LOVE. DA Davidson upped their price target on shares of Lovesac from $18.00 to $20.00 and gave the company a “buy” rating in a research note on Friday, June 12th. Weiss Ratings reiterated a “sell (d)” rating on shares of Lovesac in a research report on Wednesday, June 24th. Finally, Canaccord Genuity Group set a $22.00 price objective on shares of Lovesac in a research note on Thursday, June 11th.

Insider Buying and Selling

In related news, Director Andrew R. Heyer acquired 30,000 shares of Lovesac stock in a transaction on Thursday, June 18th. The shares were bought at an average cost of $14.68 per share, with a total value of $440,400.00. Following the completion of the purchase, the director directly owned 293,259 shares of the company’s stock, valued at $4,305,042.12. The trade was a 11.40% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders bought a total of 33,550 shares of company stock valued at $490,146 in the last ninety days. Company insiders own 7.79% of the company’s stock.

Hedge Funds Weigh In On Lovesac

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Legal & General Group Plc bought a new position in shares of Lovesac during the 2nd quarter valued at approximately $25,000. BNP Paribas Financial Markets lifted its position in Lovesac by 130.4% in the second quarter. BNP Paribas Financial Markets now owns 1,938 shares of the company’s stock worth $35,000 after buying an additional 1,097 shares during the last quarter. Ancora Advisors LLC purchased a new position in Lovesac during the third quarter worth $146,000. XTX Topco Ltd purchased a new position in Lovesac during the fourth quarter worth $149,000. Finally, PFG Investments LLC bought a new position in Lovesac during the fourth quarter valued at $156,000. Hedge funds and other institutional investors own 91.32% of the company’s stock.

Lovesac Trading Down 4.5%

Shares of Lovesac stock opened at $16.27 on Friday. The stock has a 50 day moving average of $16.78 and a 200 day moving average of $15.19. Lovesac has a 12 month low of $10.33 and a 12 month high of $20.88. The firm has a market cap of $238.16 million, a PE ratio of 62.58, a PEG ratio of 0.96 and a beta of 2.02.

Lovesac (NASDAQ:LOVE) last released its quarterly earnings data on Thursday, June 11th. The company reported ($0.76) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($1.03) by $0.27. The business had revenue of $138.20 million for the quarter, compared to the consensus estimate of $136.66 million. Lovesac had a return on equity of 1.88% and a net margin of 0.55%.The company’s revenue was down .1% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($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 forecast that Lovesac will post 0.5 earnings per share for the current fiscal year.

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.