The Lovesac Company (NASDAQ:LOVE) Receives $22.67 Average PT from Brokerages

The Lovesac Company (NASDAQ:LOVE) has been given a consensus rating of “Moderate Buy” by the five brokerages that are currently covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation and four have issued a buy recommendation on the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $22.6667.

LOVE has been the subject of several research reports. Weiss Ratings restated a “sell (d)” rating on shares of Lovesac in a report on Wednesday, June 24th. DA Davidson upped 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. Finally, Canaccord Genuity Group set a $22.00 target price on shares of Lovesac in a research report on Thursday, June 11th.

Lovesac Trading Down 0.2%

Shares of Lovesac stock opened at $17.07 on Friday. Lovesac has a 1 year low of $10.33 and a 1 year high of $20.88. The company has a market cap of $249.90 million, a P/E ratio of 65.65, a P/E/G ratio of 0.98 and a beta of 2.02. The stock has a 50-day moving average price of $16.77 and a 200 day moving average price of $15.15.

Lovesac (NASDAQ:LOVE) last released its 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. The company had revenue of $138.20 million for the quarter, compared to analysts’ expectations 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 quarter in the previous year, the business 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. On average, equities analysts forecast that Lovesac will post 0.5 earnings per share for the current fiscal year.

Insider Buying and Selling at Lovesac

In related news, Director Andrew R. Heyer purchased 30,000 shares of the company’s stock in a transaction dated Thursday, June 18th. The shares were acquired at an average cost of $14.68 per share, with a total value of $440,400.00. Following the completion of the purchase, the director owned 293,259 shares of the company’s stock, valued at $4,305,042.12. The trade was a 11.40% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders have acquired 33,550 shares of company stock valued at $490,146 over the last 90 days. Corporate insiders own 7.79% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Legal & General Group Plc acquired a new position in Lovesac in the 2nd quarter worth about $25,000. BNP Paribas Financial Markets lifted its holdings in shares of Lovesac by 130.4% during the 2nd quarter. BNP Paribas Financial Markets now owns 1,938 shares of the company’s stock valued at $35,000 after buying an additional 1,097 shares during the last quarter. Ancora Advisors LLC bought a new stake in shares of Lovesac in the 3rd quarter valued at approximately $146,000. XTX Topco Ltd bought a new stake in shares of Lovesac in the 4th quarter valued at approximately $149,000. Finally, PFG Investments LLC acquired a new position in Lovesac in the fourth quarter worth approximately $156,000. Hedge funds and other institutional investors own 91.32% of the company’s stock.

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.