The Lovesac Company $LOVE Shares Acquired by Skylands Capital LLC

Skylands Capital LLC grew its stake in The Lovesac Company (NASDAQ:LOVE) by 14.3% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 332,947 shares of the company’s stock after purchasing an additional 41,550 shares during the period. Skylands Capital LLC’s holdings in Lovesac were worth $4,918,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. AQR Capital Management LLC lifted its position in Lovesac by 391.8% during the first quarter. AQR Capital Management LLC now owns 111,727 shares of the company’s stock worth $2,031,000 after buying an additional 89,007 shares in the last quarter. Millennium Management LLC grew its holdings in Lovesac by 344.8% in the 1st quarter. Millennium Management LLC now owns 302,291 shares of the company’s stock valued at $5,496,000 after buying an additional 234,324 shares in the last quarter. Empowered Funds LLC increased its stake in shares of Lovesac by 8.1% in the 1st quarter. Empowered Funds LLC now owns 55,925 shares of the company’s stock worth $1,017,000 after acquiring an additional 4,200 shares during the last quarter. JPMorgan Chase & Co. increased its stake in shares of Lovesac by 756.5% in the 2nd quarter. JPMorgan Chase & Co. now owns 58,885 shares of the company’s stock worth $1,072,000 after acquiring an additional 52,010 shares during the last quarter. Finally, Rhumbline Advisers raised its holdings in shares of Lovesac by 15.9% during the 2nd quarter. Rhumbline Advisers now owns 24,550 shares of the company’s stock worth $447,000 after acquiring an additional 3,376 shares during the period. Institutional investors and hedge funds own 91.32% of the company’s stock.

Insiders Place Their Bets

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

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on LOVE. Weiss Ratings reissued a “sell (d)” rating on shares of Lovesac in a research report on Wednesday. Roth Mkm restated a “buy” rating on shares of Lovesac in a research report on Friday, March 27th. Wall Street Zen raised shares of Lovesac from a “sell” rating to a “hold” rating in a research note on Saturday, April 4th. DA Davidson boosted their target price on shares of Lovesac from $18.00 to $20.00 and gave the company a “buy” rating in a report on Friday, June 12th. Finally, Canaccord Genuity Group set a $22.00 price target on shares of Lovesac in a research note on Thursday, June 11th. 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 currently has an average rating of “Moderate Buy” and a consensus target price of $22.67.

Lovesac Stock Performance

Shares of LOVE opened at $16.93 on Friday. The company’s 50-day simple moving average is $15.83 and its 200-day simple moving average is $14.47. The Lovesac Company has a 1 year low of $10.33 and a 1 year high of $20.88. The stock has a market capitalization of $247.86 million, a PE ratio of 65.12, a P/E/G ratio of 0.96 and a beta of 2.02.

Lovesac (NASDAQ:LOVE) last posted its quarterly earnings results on Thursday, June 11th. The company reported ($0.76) EPS for the quarter, topping the consensus estimate of ($1.03) by $0.27. Lovesac had a net margin of 0.55% and a return on equity of 1.88%. The business had revenue of $138.20 million during the quarter, compared to the consensus estimate of $136.66 million. During the same quarter in the previous year, the firm posted ($0.73) earnings per share. 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. On average, sell-side analysts predict that The Lovesac Company will post 0.5 earnings per share for the current year.

About Lovesac

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.