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

Shares of The Lovesac Company (NASDAQ:LOVE) have received an average recommendation of “Moderate Buy” from the five ratings firms that are presently covering the company, Marketbeat reports. One research analyst has rated the stock with a sell rating and four have assigned a buy rating to the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $22.6667.

Several research firms recently weighed in on LOVE. Wall Street Zen raised shares of Lovesac from a “sell” rating to a “hold” rating in a report on Saturday, April 4th. Roth Capital reissued a “buy” rating on shares of Lovesac in a research note on Friday, March 27th. DA Davidson boosted their target price on Lovesac from $18.00 to $20.00 and gave the stock a “buy” rating in a report on Friday, June 12th. Weiss Ratings restated a “sell (d)” rating on shares of Lovesac in a research report on Wednesday, June 24th. Finally, Canaccord Genuity Group set a $22.00 price target on Lovesac in a research note on Thursday, June 11th.

Insider Activity at Lovesac

In related news, Director Andrew R. Heyer purchased 30,000 shares of the firm’s stock in a transaction that occurred on Thursday, June 18th. The stock was acquired at an average price of $14.68 per share, for a total transaction of $440,400.00. Following the transaction, the director directly owned 293,259 shares of the company’s stock, valued at $4,305,042.12. This trade represents a 11.40% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders acquired 33,550 shares of company stock worth $490,146 over the last three months. Corporate insiders own 7.79% of the company’s stock.

Institutional Trading of Lovesac

Institutional investors have recently made changes to their positions in the stock. BNP Paribas Financial Markets lifted its stake in Lovesac by 130.4% in the second quarter. BNP Paribas Financial Markets now owns 1,938 shares of the company’s stock valued at $35,000 after acquiring an additional 1,097 shares during the last quarter. Ancora Advisors LLC bought a new stake in Lovesac during the 3rd quarter valued at approximately $146,000. XTX Topco Ltd acquired a new stake in Lovesac in the 4th quarter valued at approximately $149,000. PFG Investments LLC bought a new position in Lovesac in the 4th quarter worth approximately $156,000. Finally, HRT Financial LP bought a new position in Lovesac in the 4th quarter worth approximately $160,000. 91.32% of the stock is currently owned by institutional investors and hedge funds.

Lovesac Trading Down 0.2%

Shares of NASDAQ:LOVE opened at $16.34 on Monday. The firm’s 50 day moving average is $16.30 and its two-hundred day moving average is $14.89. The firm has a market capitalization of $239.18 million, a P/E ratio of 62.85, a PEG ratio of 0.93 and a beta of 2.00. Lovesac has a 52 week low of $10.33 and a 52 week high of $20.88.

Lovesac (NASDAQ:LOVE) last issued its quarterly earnings data on Thursday, June 11th. The company reported ($0.76) earnings per share (EPS) for the quarter, topping the consensus estimate 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 was down .1% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.73) earnings per share. 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 predict that Lovesac will post 0.5 EPS for the current 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.