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

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

LOVE has been the subject of a number of recent research reports. Roth Capital restated a “buy” rating on shares of Lovesac in a research note on Friday, March 27th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Lovesac in a report on Wednesday, June 24th. Canaccord Genuity Group set a $22.00 price objective on shares of Lovesac in a research report on Thursday, June 11th. 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 raised their price target 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.

Lovesac Stock Down 0.1%

Shares of LOVE stock opened at $18.20 on Monday. The company has a market cap of $266.45 million, a P/E ratio of 70.00, a PEG ratio of 1.03 and a beta of 2.00. The business has a 50 day moving average of $16.16 and a two-hundred day moving average of $14.82. Lovesac 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) earnings per share for the quarter, topping analysts’ consensus estimates of ($1.03) by $0.27. The business 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 quarterly revenue was down .1% on a year-over-year basis. During the same period in the prior year, the firm 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. Analysts expect that Lovesac will post 0.5 EPS for the current fiscal year.

Insider Transactions at Lovesac

In other Lovesac news, Director Andrew R. Heyer purchased 30,000 shares of the firm’s stock in a transaction dated Thursday, June 18th. The stock was bought at an average price 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 in the company, valued at $4,305,042.12. This trade represents a 11.40% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In the last ninety days, insiders acquired 33,550 shares of company stock worth $490,146. Insiders own 7.79% of the company’s stock.

Institutional Investors Weigh In On Lovesac

Several institutional investors have recently bought and sold shares of LOVE. AQR Capital Management LLC grew its position in Lovesac by 391.8% in the 1st quarter. AQR Capital Management LLC now owns 111,727 shares of the company’s stock valued at $2,031,000 after buying an additional 89,007 shares in the last quarter. Millennium Management LLC raised its position in shares of Lovesac by 344.8% during the 1st quarter. Millennium Management LLC now owns 302,291 shares of the company’s stock worth $5,496,000 after buying an additional 234,324 shares in the last quarter. Empowered Funds LLC raised its position in shares of Lovesac by 8.1% during the 1st quarter. Empowered Funds LLC now owns 55,925 shares of the company’s stock worth $1,017,000 after buying an additional 4,200 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in shares of Lovesac by 756.5% in the 2nd quarter. JPMorgan Chase & Co. now owns 58,885 shares of the company’s stock worth $1,072,000 after acquiring an additional 52,010 shares during the period. Finally, Rhumbline Advisers lifted its stake in shares of Lovesac by 15.9% in the 2nd 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 period. Institutional investors and hedge funds 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.