Lovesac (NASDAQ:LOVE) CEO Shawn David Nelson Acquires 1,830 Shares

The Lovesac Company (NASDAQ:LOVE) CEO Shawn David Nelson acquired 1,830 shares of the company’s stock in a transaction dated Monday, June 22nd. The stock was acquired at an average cost of $13.64 per share, for a total transaction of $24,961.20. Following the completion of the acquisition, the chief executive officer directly owned 205,644 shares in the company, valued at approximately $2,804,984.16. The trade was a 0.90% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink.

Shawn David Nelson also recently made the following trade(s):

• On Thursday, April 16th, Shawn David Nelson acquired 1,477 shares of Lovesac stock. The stock was acquired at an average price of $16.95 per share, for a total transaction of $25,035.15.

Lovesac Stock Performance

Shares of Lovesac stock traded up $0.59 during trading on Tuesday, hitting $14.59. 267,696 shares of the company’s stock were exchanged, compared to its average volume of 257,080. The stock has a market capitalization of $213.57 million, a price-to-earnings ratio of 56.12, a PEG ratio of 0.82 and a beta of 2.02. The business has a 50-day simple moving average of $15.84 and a 200-day simple moving average of $14.42. The Lovesac Company has a 52-week low of $10.33 and a 52-week high of $20.88.

Lovesac (NASDAQ:LOVE) last posted its quarterly earnings results on Thursday, June 11th. The company reported ($0.76) EPS for the quarter, beating the consensus estimate of ($1.03) by $0.27. The company had revenue of $138.20 million for the quarter, compared to analyst estimates of $136.66 million. Lovesac had a net margin of 0.55% and a return on equity of 1.88%. The firm’s revenue was down .1% on a year-over-year basis. During the same period in the prior year, the company earned ($0.73) earnings per share. 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, equities analysts anticipate that The Lovesac Company will post 0.5 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. AQR Capital Management LLC boosted its holdings in Lovesac by 391.8% in the 1st 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 during the last quarter. Millennium Management LLC raised its holdings in shares of Lovesac by 344.8% during the first quarter. Millennium Management LLC now owns 302,291 shares of the company’s stock valued at $5,496,000 after acquiring an additional 234,324 shares during the last quarter. Empowered Funds LLC lifted its position in shares of Lovesac by 8.1% in the first quarter. Empowered Funds LLC now owns 55,925 shares of the company’s stock valued at $1,017,000 after acquiring an additional 4,200 shares in the last quarter. JPMorgan Chase & Co. lifted its position in shares of Lovesac by 756.5% in the second quarter. JPMorgan Chase & Co. now owns 58,885 shares of the company’s stock valued at $1,072,000 after acquiring an additional 52,010 shares in the last quarter. Finally, Rhumbline Advisers boosted its stake in shares of Lovesac by 15.9% in the second 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 last quarter. 91.32% of the stock is owned by hedge funds and other institutional investors.

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.