Insider Buying: Lovesac (NASDAQ:LOVE) Director Acquires $440,400.00 in Stock

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

Lovesac Stock Performance

Shares of LOVE stock traded down $0.47 on Monday, hitting $14.00. The stock had a trading volume of 281,212 shares, compared to its average volume of 256,934. The firm has a market capitalization of $204.96 million, a price-to-earnings ratio of 53.85, a P/E/G ratio of 0.82 and a beta of 2.02. The stock’s 50 day moving average is $15.88 and its 200-day moving average is $14.43. The Lovesac Company has a 52-week low of $10.33 and a 52-week high of $20.88.

Lovesac (NASDAQ:LOVE) last released its quarterly earnings results 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. Lovesac had a net margin of 0.55% and a return on equity of 1.88%. The firm had revenue of $138.20 million for the quarter, compared to the consensus estimate of $136.66 million. During the same quarter in the previous year, the firm posted ($0.73) EPS. The firm’s quarterly revenue was down .1% on a year-over-year basis. Lovesac has set its Q2 2027 guidance at 0.200-0.480 EPS and its FY 2027 guidance at 0.340-0.810 EPS. Equities analysts expect that The Lovesac Company will post 0.5 earnings per share for the current year.

Analysts Set New Price Targets

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

Institutional Investors Weigh In On Lovesac

Several hedge funds and other institutional investors have recently modified their holdings of LOVE. BNP Paribas Financial Markets raised its stake in shares of Lovesac by 130.4% in the 2nd quarter. BNP Paribas Financial Markets now owns 1,938 shares of the company’s stock valued at $35,000 after purchasing an additional 1,097 shares in the last quarter. Numerai GP LLC grew its stake in Lovesac by 10.7% in the third quarter. Numerai GP LLC now owns 11,805 shares of the company’s stock worth $200,000 after purchasing an additional 1,145 shares in the last quarter. Barclays PLC grew its stake in Lovesac by 7.5% in the fourth quarter. Barclays PLC now owns 28,576 shares of the company’s stock worth $421,000 after purchasing an additional 1,999 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in Lovesac by 5.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 41,186 shares of the company’s stock valued at $607,000 after buying an additional 2,165 shares during the last quarter. Finally, MML Investors Services LLC increased its holdings in Lovesac by 1.0% in the second quarter. MML Investors Services LLC now owns 218,845 shares of the company’s stock valued at $3,983,000 after buying an additional 2,203 shares during the last quarter. Institutional investors own 91.32% of the company’s stock.

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.