Insider Buying: Lovesac (NASDAQ:LOVE) Director Buys 30,000 Shares

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

Lovesac Stock Down 3.2%

Shares of NASDAQ LOVE traded down $0.47 during trading on Monday, hitting $14.00. 281,212 shares of the company traded hands, compared to its average volume of 256,934. The Lovesac Company has a 1 year low of $10.33 and a 1 year high of $20.88. The company has a 50-day moving average price of $15.88 and a 200-day moving average price of $14.43. The firm has a market capitalization of $204.96 million, a P/E ratio of 53.85, a P/E/G ratio of 0.82 and a beta of 2.02.

Lovesac (NASDAQ:LOVE) last released its quarterly earnings data on Thursday, June 11th. The company reported ($0.76) EPS for the quarter, topping analysts’ consensus estimates of ($1.03) by $0.27. The business had revenue of $138.20 million during the quarter, compared to the consensus estimate 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 period in the prior year, the firm 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. Research analysts predict that The Lovesac Company will post 0.5 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

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

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. BNP Paribas Financial Markets lifted its stake in shares of Lovesac by 130.4% during the second quarter. BNP Paribas Financial Markets now owns 1,938 shares of the company’s stock worth $35,000 after purchasing an additional 1,097 shares in the last quarter. Ancora Advisors LLC acquired a new stake in shares of Lovesac in the third quarter valued at about $146,000. XTX Topco Ltd purchased a new stake in shares of Lovesac during the 4th quarter valued at about $149,000. PFG Investments LLC acquired a new position in Lovesac during the 4th quarter worth approximately $156,000. Finally, HRT Financial LP acquired a new position in Lovesac during the 4th quarter worth approximately $160,000. 91.32% of the stock is owned by hedge funds and other institutional investors.

Lovesac Company 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.