The Lovesac Company $LOVE Shares Purchased by Skylands Capital LLC

Skylands Capital LLC boosted its position in shares of The Lovesac Company (NASDAQ:LOVE) by 14.3% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 332,947 shares of the company’s stock after buying an additional 41,550 shares during the quarter. Skylands Capital LLC owned approximately 2.28% of Lovesac worth $4,918,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. 1492 Capital Management LLC acquired a new position in shares of Lovesac in the first quarter worth about $1,206,000. Corient Private Wealth LLC grew its position in shares of Lovesac by 139.5% during the 4th quarter. Corient Private Wealth LLC now owns 279,087 shares of the company’s stock valued at $4,117,000 after acquiring an additional 162,580 shares during the period. Invesco Ltd. grew its position in shares of Lovesac by 32.3% during the 4th quarter. Invesco Ltd. now owns 73,880 shares of the company’s stock valued at $1,090,000 after acquiring an additional 18,027 shares during the period. Empowered Funds LLC increased its stake in shares of Lovesac by 10.8% in the 4th quarter. Empowered Funds LLC now owns 76,547 shares of the company’s stock valued at $1,129,000 after purchasing an additional 7,483 shares in the last quarter. Finally, XTX Topco Ltd purchased a new position in shares of Lovesac in the 4th quarter valued at about $149,000. Institutional investors and hedge funds own 91.32% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have issued reports on LOVE. Weiss Ratings reiterated a “sell (d)” rating on shares of Lovesac in a research report on Wednesday. Wall Street Zen upgraded Lovesac from a “sell” rating to a “hold” rating in a research report on Saturday, April 4th. Canaccord Genuity Group set a $22.00 target price on Lovesac in a research note on Thursday, June 11th. Roth Mkm reiterated a “buy” rating on shares of Lovesac in a research report on Friday, March 27th. Finally, 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 note on Friday, June 12th. 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.

Lovesac Price Performance

NASDAQ LOVE opened at $16.93 on Friday. The company has a market cap of $247.86 million, a PE ratio of 65.12, a price-to-earnings-growth ratio of 0.96 and a beta of 2.02. The stock’s 50 day simple moving average is $15.83 and its 200-day simple moving average is $14.47. The Lovesac Company has a 1-year low of $10.33 and a 1-year high of $20.88.

Lovesac (NASDAQ:LOVE) last issued its quarterly earnings results on Thursday, June 11th. The company reported ($0.76) EPS for the quarter, topping the consensus estimate of ($1.03) by $0.27. Lovesac had a return on equity of 1.88% and a net margin of 0.55%.The firm had revenue of $138.20 million during the quarter, compared to analysts’ expectations of $136.66 million. During the same period in the previous year, the business earned ($0.73) earnings per share. The firm’s revenue for the quarter 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. On average, equities research analysts anticipate that The Lovesac Company will post 0.5 EPS for the current fiscal year.

Insider Buying and Selling at Lovesac

In other Lovesac news, CEO Shawn David Nelson bought 1,477 shares of Lovesac stock in a transaction dated Thursday, April 16th. The stock was acquired at an average cost of $16.95 per share, for a total transaction of $25,035.15. Following the completion of the transaction, the chief executive officer directly owned 202,681 shares of the company’s stock, valued at approximately $3,435,442.95. This represents a 0.73% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Andrew R. Heyer purchased 30,000 shares of the firm’s stock in a transaction dated Thursday, June 18th. The stock was acquired at an average cost of $14.68 per share, for a total transaction of $440,400.00. Following the completion of the purchase, 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 SEC filing for this purchase provides additional information. In the last ninety days, insiders have acquired 35,027 shares of company stock worth $515,182. 7.79% of the stock is currently owned by corporate insiders.

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.