1492 Capital Management LLC Takes $1.21 Million Position in The Lovesac Company $LOVE

1492 Capital Management LLC bought a new stake in The Lovesac Company (NASDAQ:LOVE) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 81,629 shares of the company’s stock, valued at approximately $1,206,000.

A number of other institutional investors have also added to or reduced their stakes in LOVE. Corient Private Wealth LLC increased its holdings in Lovesac by 139.5% during the fourth quarter. Corient Private Wealth LLC now owns 279,087 shares of the company’s stock worth $4,117,000 after buying an additional 162,580 shares during the last quarter. Invesco Ltd. lifted its stake in Lovesac by 32.3% in the fourth quarter. Invesco Ltd. now owns 73,880 shares of the company’s stock valued at $1,090,000 after acquiring an additional 18,027 shares during the last quarter. Empowered Funds LLC lifted its stake in Lovesac by 10.8% in the fourth quarter. Empowered Funds LLC now owns 76,547 shares of the company’s stock valued at $1,129,000 after acquiring an additional 7,483 shares during the last quarter. XTX Topco Ltd bought a new position in shares of Lovesac in the 4th quarter valued at about $149,000. Finally, Millennium Management LLC grew its position in shares of Lovesac by 378.9% in the 4th quarter. Millennium Management LLC now owns 327,477 shares of the company’s stock valued at $4,830,000 after acquiring an additional 259,097 shares during the period. 91.32% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

Insider Buying and Selling

In other news, Director Andrew R. Heyer acquired 30,000 shares of Lovesac stock in a transaction dated Thursday, June 18th. The stock was bought at an average price of $14.68 per share, for a total transaction of $440,400.00. Following the completion of the acquisition, the director directly owned 293,259 shares in the company, valued at approximately $4,305,042.12. The trade was a 11.40% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Shawn David Nelson bought 1,477 shares of the firm’s stock in a transaction dated Thursday, April 16th. The stock was purchased at an average cost of $16.95 per share, for a total transaction of $25,035.15. Following the transaction, the chief executive officer directly owned 202,681 shares of the company’s stock, valued at $3,435,442.95. The trade was a 0.73% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. In the last 90 days, insiders have bought 35,027 shares of company stock valued at $515,182. Corporate insiders own 7.79% of the company’s stock.

Lovesac Stock Performance

NASDAQ LOVE opened at $16.93 on Friday. The stock has a market cap of $247.86 million, a PE ratio of 65.12, a P/E/G ratio of 0.96 and a beta of 2.02. The firm has a 50-day moving average of $15.83 and a 200-day moving average of $14.47. The Lovesac Company has a 52-week low of $10.33 and a 52-week high of $20.88.

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 business 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%. Lovesac’s quarterly revenue was down .1% on a year-over-year basis. During the same quarter in the prior year, the business earned ($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, analysts predict that The Lovesac Company will post 0.5 EPS for the current fiscal year.

Lovesac Profile

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.