Jefferies Financial Group Inc. Acquires New Shares in The Lovesac Company $LOVE

Jefferies Financial Group Inc. bought a new stake in The Lovesac Company (NASDAQ:LOVE) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 45,500 shares of the company’s stock, valued at approximately $759,000.

Other hedge funds also recently bought and sold shares of the company. BlackRock Inc. acquired a new stake in shares of Lovesac during the 2nd quarter valued at about $20,250,000. Senvest Management LLC increased its holdings in Lovesac by 36.7% in the first quarter. Senvest Management LLC now owns 1,025,393 shares of the company’s stock worth $15,145,000 after buying an additional 275,252 shares during the last quarter. AWM Investment Company Inc. acquired a new position in Lovesac in the second quarter worth approximately $10,188,000. Kanen Wealth Management LLC bought a new position in Lovesac during the first quarter valued at approximately $8,064,000. Finally, Arrowstreet Capital Limited Partnership lifted its stake in Lovesac by 41.9% in the third quarter. Arrowstreet Capital Limited Partnership now owns 375,883 shares of the company’s stock valued at $6,364,000 after acquiring an additional 110,953 shares during the last quarter. 91.32% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, Director Andrew R. Heyer purchased 30,000 shares of the company’s stock in a transaction dated Thursday, June 18th. The shares were bought at an average price of $14.68 per share, with a total value of $440,400.00. Following the completion of the transaction, the director directly owned 293,259 shares in the company, valued at $4,305,042.12. This trade represents a 11.40% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders purchased a total of 33,550 shares of company stock worth $490,146 in the last 90 days. Company insiders own 7.79% of the company’s stock.

Lovesac Stock Performance

LOVE opened at $15.99 on Monday. The company has a market cap of $234.09 million, a PE ratio of 61.50, a price-to-earnings-growth ratio of 0.90 and a beta of 2.02. The stock has a 50-day moving average of $16.92 and a 200-day moving average of $15.31. The Lovesac Company has a 52-week low of $10.33 and a 52-week high of $20.88.

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

Analyst Upgrades and Downgrades

Several analysts have commented on LOVE shares. Weiss Ratings reissued a “sell (d)” rating on shares of Lovesac in a research report on Wednesday, June 24th. Canaccord Genuity Group set a $22.00 price target on shares of Lovesac in a report on Thursday, June 11th. Finally, DA Davidson lifted their price objective 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. Four investment analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus 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.