Corient Private Wealth LLC Acquires 162,580 Shares of The Lovesac Company $LOVE

Corient Private Wealth LLC increased its holdings in The Lovesac Company (NASDAQ:LOVE) by 139.5% during the fourth quarter, Holdings Channel.com reports. The firm owned 279,087 shares of the company’s stock after acquiring an additional 162,580 shares during the quarter. Corient Private Wealth LLC’s holdings in Lovesac were worth $4,117,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of LOVE. Invesco Ltd. increased its holdings in shares of Lovesac by 32.3% in the fourth quarter. Invesco Ltd. now owns 73,880 shares of the company’s stock worth $1,090,000 after buying an additional 18,027 shares during the period. Empowered Funds LLC boosted its holdings in Lovesac by 10.8% during the 4th 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 period. XTX Topco Ltd purchased a new stake in Lovesac during the 4th quarter valued at about $149,000. Millennium Management LLC grew its position in Lovesac by 378.9% during 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, Invenomic Capital Management LP bought a new position in Lovesac during the 4th quarter worth approximately $5,350,000. 91.32% of the stock is owned by institutional investors.

Insider Activity

In other news, Director Andrew R. Heyer purchased 30,000 shares of Lovesac stock in a transaction that occurred on 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 transaction, the director directly owned 293,259 shares of the company’s stock, valued at approximately $4,305,042.12. The trade was a 11.40% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Shawn David Nelson acquired 1,477 shares of the firm’s stock in a transaction that occurred on Thursday, April 16th. The stock was purchased at an average price of $16.95 per share, with a total value of $25,035.15. Following the completion of the acquisition, the chief executive officer owned 202,681 shares in the company, valued at $3,435,442.95. The trade was a 0.73% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders acquired 35,027 shares of company stock valued at $515,182 over the last ninety days. Corporate insiders own 7.79% of the company’s stock.

Lovesac Trading Up 5.1%

NASDAQ LOVE opened at $16.93 on Friday. The Lovesac Company has a 12 month low of $10.33 and a 12 month high of $20.88. The stock’s fifty day moving average price is $15.83 and its 200-day moving average price is $14.47. The stock has a market cap of $247.86 million, a P/E ratio of 65.12, a P/E/G ratio of 0.91 and a beta of 2.02.

Lovesac (NASDAQ:LOVE) last announced its quarterly 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. Lovesac had a net margin of 0.55% and a return on equity of 1.88%. The company had revenue of $138.20 million for the quarter, compared to analysts’ expectations of $136.66 million. During the same quarter in the previous year, the business posted ($0.73) EPS. Lovesac’s revenue was down .1% compared to the same quarter last year. 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 forecast that The Lovesac Company will post 0.5 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

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