The Lovesac Company $LOVE Shares Sold by BCGM Wealth Management LLC

BCGM Wealth Management LLC decreased its position in shares of The Lovesac Company (NASDAQ:LOVE) by 5.8% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 139,070 shares of the company’s stock after selling 8,556 shares during the quarter. BCGM Wealth Management LLC’s holdings in Lovesac were worth $2,531,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently modified their holdings of the company. Versor Investments LP boosted its holdings in shares of Lovesac by 22.7% during the second quarter. Versor Investments LP now owns 32,871 shares of the company’s stock valued at $598,000 after acquiring an additional 6,071 shares during the period. Y Intercept Hong Kong Ltd acquired a new position in shares of Lovesac during the second quarter valued at $581,000. Tectonic Advisors LLC acquired a new position in shares of Lovesac during the second quarter valued at $661,000. Janney Montgomery Scott LLC acquired a new position in shares of Lovesac during the second quarter valued at $371,000. Finally, SummerHaven Investment Management LLC boosted its holdings in shares of Lovesac by 2.0% during the second quarter. SummerHaven Investment Management LLC now owns 34,640 shares of the company’s stock valued at $630,000 after acquiring an additional 691 shares during the period. Institutional investors and hedge funds own 91.32% of the company’s stock.

Lovesac Trading Up 0.1%

Shares of Lovesac stock opened at $13.87 on Monday. The Lovesac Company has a 52 week low of $12.12 and a 52 week high of $39.49. The stock has a market cap of $202.64 million, a PE ratio of 22.02, a price-to-earnings-growth ratio of 0.66 and a beta of 2.37. The company’s 50-day moving average price is $16.86 and its two-hundred day moving average price is $18.35.

Lovesac (NASDAQ:LOVE) last issued its quarterly earnings results on Thursday, September 11th. The company reported ($0.45) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.72) by $0.27. Lovesac had a net margin of 1.87% and a return on equity of 6.35%. The company had revenue of $160.53 million during the quarter, compared to the consensus estimate of $160.42 million. During the same period in the prior year, the company earned ($0.38) EPS. Lovesac’s revenue was up 2.5% on a year-over-year basis. Lovesac has set its Q3 2026 guidance at -0.830–0.51 EPS. FY 2026 guidance at 0.520-1.05 EPS. On average, equities analysts predict that The Lovesac Company will post 0.39 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the stock. DA Davidson reaffirmed a “buy” rating and issued a $24.00 price objective on shares of Lovesac in a report on Tuesday, September 9th. Wall Street Zen raised shares of Lovesac from a “sell” rating to a “hold” rating in a report on Saturday, July 12th. Maxim Group reduced their price objective on shares of Lovesac from $38.00 to $33.00 and set a “buy” rating for the company in a report on Friday, September 12th. Canaccord Genuity Group reaffirmed a “buy” rating and issued a $30.00 price objective on shares of Lovesac in a report on Friday, September 12th. Finally, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Lovesac in a report on Wednesday, October 8th. Five analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $30.00.

Lovesac Company Profile

The Lovesac Company designs, manufactures, and sells furniture. It offers sactionals, such as seats and sides; sacs, including foam beanbag chairs; and other products comprising drink holders, footsac blankets, decorative pillows, fitted seat tables, and ottomans. The company markets its products primarily through www.lovesac.com website, as well as showrooms at top tier malls, lifestyle centers, mobile concierges, kiosks, and street locations in 41 states in the United States; and in store pop-up- shops and shop-in-shops, and barter inventory transactions.