Lovesac (NASDAQ:LOVE) Director Andrew Heyer Acquires 30,000 Shares of Stock

The Lovesac Company (NASDAQ:LOVE) Director Andrew Heyer acquired 30,000 shares of the business’s stock in a transaction dated Thursday, June 18th. The shares were purchased at an average price of $14.68 per share, with a total value of $440,400.00. Following the transaction, the director owned 293,259 shares of the company’s stock, valued at approximately $4,305,042.12. This represents a 11.40% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available through this link.

Lovesac Trading Down 3.2%

Shares of LOVE stock opened at $14.00 on Tuesday. The stock has a market capitalization of $204.96 million, a price-to-earnings ratio of 53.85, a price-to-earnings-growth ratio of 0.82 and a beta of 2.02. The Lovesac Company has a 12-month low of $10.33 and a 12-month high of $20.88. The stock’s 50-day moving average price is $15.84 and its 200-day moving average price is $14.42.

Lovesac (NASDAQ:LOVE) last announced its quarterly earnings results on Thursday, June 11th. The company reported ($0.76) EPS for the quarter, beating analysts’ consensus estimates of ($1.03) by $0.27. The company had revenue of $138.20 million during the quarter, compared to analyst estimates of $136.66 million. Lovesac had a return on equity of 1.88% and a net margin of 0.55%.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. As a group, research analysts predict that The Lovesac Company will post 0.5 EPS for the current fiscal year.

Institutional Trading of Lovesac

A number of institutional investors have recently bought and sold shares of LOVE. Kanen Wealth Management LLC purchased a new position in Lovesac during the first quarter worth $8,064,000. Invenomic Capital Management LP purchased a new stake in shares of Lovesac in the fourth quarter valued at $5,350,000. Senvest Management LLC lifted its holdings in shares of 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 last quarter. Millennium Management LLC lifted its holdings in shares of Lovesac by 378.9% in the 4th quarter. Millennium Management LLC now owns 327,477 shares of the company’s stock worth $4,830,000 after acquiring an additional 259,097 shares during the last quarter. Finally, Bastion Asset Management Inc. lifted its holdings in shares of Lovesac by 193.6% in the 1st quarter. Bastion Asset Management Inc. now owns 356,097 shares of the company’s stock worth $5,290,000 after acquiring an additional 234,812 shares during the last quarter. 91.32% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. Canaccord Genuity Group set a $22.00 target price on Lovesac in a research report on Thursday, June 11th. Roth Mkm reaffirmed a “buy” rating on shares of Lovesac in a research note on Friday, March 27th. Weiss Ratings reiterated a “sell (d)” rating on shares of Lovesac in a research report on Friday, March 27th. Wall Street Zen upgraded shares of Lovesac from a “sell” rating to a “hold” rating in a research report on Saturday, April 4th. Finally, DA Davidson lifted their price objective 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. 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, the stock has an average rating of “Moderate Buy” and an average price target of $22.67.

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.