Lovesac (NASDAQ:LOVE) President Acquires $24,785.20 in Stock

The Lovesac Company (NASDAQ:LOVE) President Mary Fox purchased 1,720 shares of the business’s stock in a transaction on Monday, June 22nd. The shares were bought at an average cost of $14.41 per share, for a total transaction of $24,785.20. Following the purchase, the president owned 71,674 shares of the company’s stock, valued at $1,032,822.34. This trade represents a 2.46% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through this link.

Lovesac Stock Up 9.9%

Shares of LOVE opened at $16.03 on Thursday. The Lovesac Company has a fifty-two week low of $10.33 and a fifty-two week high of $20.88. The company’s fifty day moving average is $15.83 and its two-hundred day moving average is $14.44. The firm has a market cap of $234.68 million, a PE ratio of 61.65, a price-to-earnings-growth ratio of 0.83 and a beta of 2.02.

Lovesac (NASDAQ:LOVE) last released its quarterly earnings data on Thursday, June 11th. The company reported ($0.76) EPS for the quarter, topping analysts’ consensus estimates of ($1.03) by $0.27. The business had revenue of $138.20 million during 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 business’s revenue for the quarter was down .1% on a year-over-year basis. During the same period in the prior year, the firm 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 anticipate that The Lovesac Company will post 0.5 earnings per share for the current year.

Wall Street Analysts Forecast Growth

LOVE has been the topic of a number of research reports. DA Davidson raised their price objective on Lovesac from $18.00 to $20.00 and gave the stock a “buy” rating in a report on Friday, June 12th. Wall Street Zen upgraded Lovesac from a “sell” rating to a “hold” rating in a report on Saturday, April 4th. Canaccord Genuity Group set a $22.00 target price on shares of Lovesac in a research report on Thursday, June 11th. Weiss Ratings reiterated a “sell (d)” rating on shares of Lovesac in a research note on Friday, March 27th. Finally, Roth Mkm reissued a “buy” rating on shares of Lovesac in a research note on Friday, March 27th. Four research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $22.67.

Hedge Funds Weigh In On Lovesac

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Senvest Management LLC boosted its holdings in Lovesac by 36.7% in the 1st quarter. Senvest Management LLC now owns 1,025,393 shares of the company’s stock worth $15,145,000 after acquiring an additional 275,252 shares during the period. Kanen Wealth Management LLC acquired a new position in shares of Lovesac during the first quarter worth $8,064,000. Arrowstreet Capital Limited Partnership lifted its position in shares of Lovesac by 41.9% during the third quarter. Arrowstreet Capital Limited Partnership now owns 375,883 shares of the company’s stock worth $6,364,000 after purchasing an additional 110,953 shares in the last quarter. Invenomic Capital Management LP purchased a new position in shares of Lovesac in the fourth quarter valued at $5,350,000. Finally, Bastion Asset Management Inc. boosted its stake in shares of Lovesac by 193.6% in the first quarter. Bastion Asset Management Inc. now owns 356,097 shares of the company’s stock valued at $5,290,000 after purchasing an additional 234,812 shares during the period. 91.32% of the stock is owned by institutional investors and hedge funds.

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.