Penn Capital Management Company LLC Makes New $551,000 Investment in The Lovesac Company $LOVE

Penn Capital Management Company LLC bought a new stake in shares of The Lovesac Company (NASDAQ:LOVE) during the second quarter, HoldingsChannel reports. The firm bought 33,007 shares of the company’s stock, valued at approximately $551,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. BNP Paribas Financial Markets increased its stake in shares of Lovesac by 130.4% in the 2nd quarter. BNP Paribas Financial Markets now owns 1,938 shares of the company’s stock worth $35,000 after acquiring an additional 1,097 shares in the last quarter. Numerai GP LLC boosted its stake in Lovesac by 10.7% during the third quarter. Numerai GP LLC now owns 11,805 shares of the company’s stock worth $200,000 after acquiring an additional 1,145 shares in the last quarter. Legal & General Group Plc purchased a new stake in Lovesac in the second quarter worth about $25,000. Barclays PLC increased its stake in shares of Lovesac by 7.5% during the fourth quarter. Barclays PLC now owns 28,576 shares of the company’s stock valued at $421,000 after purchasing an additional 1,999 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its stake in shares of Lovesac by 5.5% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 41,186 shares of the company’s stock valued at $607,000 after purchasing an additional 2,165 shares in the last quarter. 91.32% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Lovesac news, Director Andrew R. Heyer bought 30,000 shares of Lovesac stock in a transaction on Thursday, June 18th. The stock was acquired at an average price of $14.68 per share, with a total value of $440,400.00. Following 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 ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In the last quarter, insiders acquired 33,550 shares of company stock worth $490,146. Company insiders own 7.79% of the company’s stock.

Lovesac Stock Performance

Shares of NASDAQ LOVE opened at $15.99 on Friday. The firm’s 50 day moving average price is $16.92 and its 200-day moving average price is $15.29. The Lovesac Company has a 52-week low of $10.33 and a 52-week high of $20.88. The company has a market cap of $234.06 million, a PE ratio of 61.50, a P/E/G ratio of 0.90 and a beta of 2.02.

Lovesac (NASDAQ:LOVE) last announced its quarterly earnings results on Thursday, June 11th. The company reported ($0.76) earnings per share for the quarter, beating 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 company had revenue of $138.20 million during the quarter, compared to the consensus estimate of $136.66 million. During the same quarter last year, the firm earned ($0.73) earnings per share. The firm’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, analysts forecast that The Lovesac Company will post 0.5 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several analysts recently weighed in on LOVE shares. Canaccord Genuity Group set a $22.00 price target on Lovesac in a research note on Thursday, June 11th. DA Davidson boosted their target price on Lovesac from $18.00 to $20.00 and gave the stock a “buy” rating in a report on Friday, June 12th. Finally, Weiss Ratings reissued a “sell (d)” rating on shares of Lovesac in a research note on Wednesday, June 24th. Four investment analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $22.67.

Lovesac 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.