45,500 Shares in The Lovesac Company $LOVE Bought by Jefferies Financial Group Inc.

Jefferies Financial Group Inc. bought a new position in shares of The Lovesac Company (NASDAQ:LOVE) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 45,500 shares of the company’s stock, valued at approximately $759,000. Jefferies Financial Group Inc. owned 0.31% of Lovesac as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Bank of America Corp DE purchased a new position in Lovesac in the 2nd quarter worth about $468,000. Man Group plc purchased a new stake in Lovesac during the second quarter valued at about $1,594,000. AWM Investment Company Inc. purchased a new stake in Lovesac during the second quarter valued at about $10,188,000. Hsbc Holdings PLC acquired a new position in shares of Lovesac in the second quarter worth about $178,000. Finally, Canada Pension Plan Investment Board acquired a new position in shares of Lovesac in the second quarter worth about $194,000. 91.32% of the stock is owned by hedge funds and other institutional investors.

Lovesac Stock Performance

Shares of NASDAQ LOVE opened at $15.99 on Monday. The Lovesac Company has a one year low of $10.33 and a one year high of $20.88. The firm has a market capitalization of $234.09 million, a PE ratio of 61.50, a PEG ratio of 0.90 and a beta of 2.02. The business has a 50-day moving average price of $16.92 and a two-hundred day moving average price of $15.31.

Lovesac (NASDAQ:LOVE) last released its earnings results on Thursday, June 11th. The company reported ($0.76) earnings per share for the quarter, beating the consensus estimate of ($1.03) by $0.27. The company had revenue of $138.20 million for the quarter, compared to analysts’ expectations 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 quarter in the previous year, the business 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 anticipate that The Lovesac Company will post 0.5 EPS for the current year.

Insider Buying and Selling

In related news, Director Andrew R. Heyer acquired 30,000 shares of the company’s stock in a transaction on Thursday, June 18th. The shares were purchased at an average price of $14.68 per share, for a total transaction of $440,400.00. Following the purchase, the director owned 293,259 shares in the company, valued at $4,305,042.12. This represents a 11.40% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders have purchased 33,550 shares of company stock worth $490,146 over the last quarter. Insiders own 7.79% of the company’s stock.

Analyst Ratings Changes

LOVE has been the topic of a number of recent analyst reports. DA Davidson boosted 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. Canaccord Genuity Group set a $22.00 price objective on shares of Lovesac in a research note on Thursday, June 11th. Finally, Weiss Ratings reiterated a “sell (d)” rating on shares of Lovesac in a research report on Wednesday, June 24th. Four research analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Lovesac has a consensus rating of “Moderate Buy” and a consensus price target of $22.67.

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.