Penn Capital Management Company LLC Purchases Shares of 33,007 The Lovesac Company $LOVE

Penn Capital Management Company LLC purchased a new stake in shares of The Lovesac Company (NASDAQ:LOVE) in the second quarter, according to the company in its most recent filing with the SEC. The firm purchased 33,007 shares of the company’s stock, valued at approximately $551,000. Penn Capital Management Company LLC owned about 0.23% of Lovesac at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of LOVE. AWM Investment Company Inc. bought a new stake in Lovesac during the second quarter valued at approximately $10,188,000. GSA Capital Partners LLP purchased a new stake in shares of Lovesac during the 2nd quarter valued at $1,149,000. 1492 Capital Management LLC bought a new stake in shares of Lovesac during the 1st quarter worth $1,206,000. Corient Private Wealth LLC lifted its holdings 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 worth $4,117,000 after acquiring an additional 162,580 shares during the last quarter. Finally, Bastion Asset Management Inc. grew its position in Lovesac by 193.6% in the first 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 in the last quarter. Hedge funds and other institutional investors own 91.32% of the company’s stock.

Insider Activity at Lovesac

In other Lovesac news, Director Andrew R. Heyer bought 30,000 shares of the firm’s stock in a transaction that occurred on Thursday, June 18th. The stock was bought at an average price of $14.68 per share, for a total transaction of $440,400.00. Following the completion of the acquisition, the director directly owned 293,259 shares in the company, valued at $4,305,042.12. The trade was a 11.40% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders purchased a total of 33,550 shares of company stock worth $490,146 in the last ninety days. 7.79% of the stock is owned by corporate insiders.

Lovesac Stock Down 0.5%

Shares of Lovesac stock opened at $15.99 on Friday. The company’s fifty day simple moving average is $16.92 and its two-hundred day simple moving average is $15.29. The Lovesac Company has a 12-month low of $10.33 and a 12-month high of $20.88. The firm has a market cap of $234.06 million, a PE ratio of 61.50, a price-to-earnings-growth ratio of 0.90 and a beta of 2.02.

Lovesac (NASDAQ:LOVE) last released its quarterly earnings results on Thursday, June 11th. The company reported ($0.76) EPS for the quarter, beating analysts’ consensus estimates of ($1.03) by $0.27. The business had revenue of $138.20 million during 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%.Lovesac’s quarterly revenue was down .1% compared to the same quarter last year. During the same quarter in the prior year, the company 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. As a group, sell-side analysts expect that The Lovesac Company will post 0.5 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the company. Canaccord Genuity Group set a $22.00 price target on Lovesac in a research report on Thursday, June 11th. DA Davidson upped their target price on Lovesac from $18.00 to $20.00 and gave the stock a “buy” rating in a research note on Friday, June 12th. Finally, Weiss Ratings reiterated a “sell (d)” rating on shares of Lovesac in a research report on Wednesday, June 24th. Four investment analysts have rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $22.67.

Lovesac 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.