The Lovesac Company (NASDAQ:LOVE) Receives Consensus Rating of “Moderate Buy” from Brokerages

Shares of The Lovesac Company (NASDAQ:LOVE) have earned a consensus rating of “Moderate Buy” from the five analysts that are currently covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a sell rating and four have issued a buy rating on the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $22.6667.

A number of research firms have recently issued reports on LOVE. DA Davidson raised 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. Weiss Ratings restated a “sell (d)” rating on shares of Lovesac in a research note on Friday, March 27th. Canaccord Genuity Group set a $22.00 target price on shares of Lovesac in a research note on Thursday, June 11th. Wall Street Zen upgraded shares of Lovesac from a “sell” rating to a “hold” rating in a research note on Saturday, April 4th. Finally, Roth Mkm restated a “buy” rating on shares of Lovesac in a research note on Friday, March 27th.

Insider Transactions at Lovesac

In related news, CEO Shawn David Nelson bought 1,477 shares of the business’s stock in a transaction dated Thursday, April 16th. The stock was bought at an average price of $16.95 per share, for a total transaction of $25,035.15. Following the purchase, the chief executive officer owned 202,681 shares in the company, valued at $3,435,442.95. This represents a 0.73% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Andrew R. Heyer acquired 30,000 shares of the company’s stock in a transaction on Thursday, June 18th. The stock was acquired at an average price of $14.68 per share, with a total value of $440,400.00. Following the purchase, the director directly owned 293,259 shares in the company, valued at approximately $4,305,042.12. This represents a 11.40% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. In the last 90 days, insiders have bought 35,027 shares of company stock valued at $515,182. 7.79% of the stock is currently owned by corporate insiders.

Institutional Trading of Lovesac

Several hedge funds and other institutional investors have recently bought and sold shares of LOVE. Kanen Wealth Management LLC acquired a new stake in Lovesac in the 1st quarter worth about $8,064,000. Invenomic Capital Management LP acquired a new stake in Lovesac in the 4th quarter worth about $5,350,000. Senvest Management LLC raised its stake 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 purchasing an additional 275,252 shares in the last quarter. Millennium Management LLC raised its stake in 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 purchasing an additional 259,097 shares in the last quarter. Finally, Bastion Asset Management Inc. raised its stake in 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 purchasing an additional 234,812 shares in the last quarter. Institutional investors and hedge funds own 91.32% of the company’s stock.

Lovesac Price Performance

Shares of LOVE stock opened at $16.03 on Thursday. The stock has a market cap of $234.68 million, a P/E ratio of 61.65, a P/E/G ratio of 0.83 and a beta of 2.02. The company has a fifty day moving average price of $15.83 and a two-hundred day moving average price of $14.44. Lovesac has a one year low of $10.33 and a one year high of $20.88.

Lovesac (NASDAQ:LOVE) last posted its earnings results on Thursday, June 11th. The company reported ($0.76) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($1.03) by $0.27. The company had revenue of $138.20 million during the quarter, compared to analysts’ expectations of $136.66 million. Lovesac had a net margin of 0.55% and a return on equity of 1.88%. Lovesac’s quarterly revenue was down .1% compared to the same quarter last year. During the same quarter last year, the company 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 Lovesac will post 0.5 EPS for the current fiscal year.

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.