Mary Fox Buys 1,720 Shares of Lovesac (NASDAQ:LOVE) Stock

The Lovesac Company (NASDAQ:LOVE) President Mary Fox purchased 1,720 shares of the company’s stock in a transaction that occurred on Monday, June 22nd. The shares were purchased at an average cost of $14.41 per share, for a total transaction of $24,785.20. Following the completion of the purchase, the president owned 71,674 shares in the company, valued at $1,032,822.34. This trade represents a 2.46% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Lovesac Stock Down 3.2%

LOVE traded down $0.47 during trading on Monday, hitting $14.00. 281,212 shares of the company’s stock were exchanged, compared to its average volume of 256,934. The business’s 50 day moving average is $15.88 and its two-hundred day moving average is $14.43. The Lovesac Company has a fifty-two week low of $10.33 and a fifty-two week high of $20.88. The stock has a market cap of $204.96 million, a P/E ratio of 53.85, a PEG ratio of 0.82 and a beta of 2.02.

Lovesac (NASDAQ:LOVE) last posted its earnings results on Thursday, June 11th. The company reported ($0.76) earnings per share for the quarter, beating analysts’ consensus estimates of ($1.03) by $0.27. The company had revenue of $138.20 million for the quarter, compared to analyst estimates of $136.66 million. Lovesac had a return on equity of 1.88% and a net margin of 0.55%.The company’s revenue for the quarter was down .1% on a year-over-year basis. During the same quarter last year, the company earned ($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. On average, sell-side analysts forecast that The Lovesac Company will post 0.5 earnings per share for the current year.

Hedge Funds Weigh In On Lovesac

A number of hedge funds and other institutional investors have recently bought and sold shares of LOVE. Kanen Wealth Management LLC bought a new stake in Lovesac in the 1st quarter worth approximately $8,064,000. Empowered Funds LLC grew its position in Lovesac by 9.5% during the first quarter. Empowered Funds LLC now owns 83,794 shares of the company’s stock valued at $1,238,000 after acquiring an additional 7,247 shares during the last quarter. Quantinno Capital Management LP raised its stake in shares of Lovesac by 331.1% during the first quarter. Quantinno Capital Management LP now owns 50,406 shares of the company’s stock worth $744,000 after acquiring an additional 38,713 shares in the last quarter. Senvest Management LLC lifted its holdings in shares of Lovesac by 36.7% in the 1st quarter. Senvest Management LLC now owns 1,025,393 shares of the company’s stock worth $15,145,000 after acquiring an additional 275,252 shares during the last quarter. Finally, Bastion Asset Management Inc. lifted its holdings in shares of Lovesac by 193.6% in the 1st quarter. Bastion Asset Management Inc. now owns 356,097 shares of the company’s stock worth $5,290,000 after acquiring an additional 234,812 shares during the last quarter. Hedge funds and other institutional investors own 91.32% of the company’s stock.

Wall Street Analysts Forecast Growth

LOVE has been the topic of a number of recent research reports. Canaccord Genuity Group set a $22.00 price target on Lovesac in a research report on Thursday, June 11th. Weiss Ratings restated a “sell (d)” rating on shares of Lovesac in a research note on Friday, March 27th. DA Davidson upped their price objective on shares of Lovesac from $18.00 to $20.00 and gave the company a “buy” rating in a report on Friday, June 12th. Wall Street Zen upgraded shares of Lovesac from a “sell” rating to a “hold” rating in a research report on Saturday, April 4th. Finally, Roth Mkm reissued 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.com, the stock has an average 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.