The Lovesac Company (NASDAQ:LOVE) Receives $22.67 Average Target Price from Analysts

The Lovesac Company (NASDAQ:LOVE) has received an average recommendation of “Moderate Buy” from the five research firms that are currently covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation and four have assigned a buy recommendation to the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $22.6667.

A number of research analysts recently weighed in on LOVE shares. Roth Capital reaffirmed a “buy” rating on shares of Lovesac in a report on Friday, March 27th. DA Davidson lifted their price objective on Lovesac from $18.00 to $20.00 and gave the stock a “buy” rating in a research report on Friday, June 12th. Wall Street Zen raised shares of Lovesac from a “sell” rating to a “hold” rating in a research note on Saturday, April 4th. Canaccord Genuity Group set a $22.00 price target on shares of Lovesac in a report on Thursday, June 11th. Finally, Weiss Ratings reissued a “sell (d)” rating on shares of Lovesac in a research report on Wednesday, June 24th.

Insider Buying and Selling at Lovesac

In other Lovesac news, Director Andrew R. Heyer acquired 30,000 shares of the firm’s stock in a transaction dated Thursday, June 18th. The shares were acquired 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 of the company’s stock, valued at $4,305,042.12. This trade represents a 11.40% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Over the last 90 days, insiders acquired 33,550 shares of company stock worth $490,146. Corporate insiders own 7.79% of the company’s stock.

Institutional Trading of Lovesac

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. BNP Paribas Financial Markets boosted its position in shares of Lovesac by 130.4% in the second quarter. BNP Paribas Financial Markets now owns 1,938 shares of the company’s stock worth $35,000 after acquiring an additional 1,097 shares during the last quarter. Ancora Advisors LLC purchased a new position in Lovesac during the third quarter worth approximately $146,000. XTX Topco Ltd acquired a new position in shares of Lovesac in the 4th quarter valued at $149,000. PFG Investments LLC purchased a new stake in shares of Lovesac during the 4th quarter valued at $156,000. Finally, HRT Financial LP acquired a new stake in shares of Lovesac during the 4th quarter worth $160,000. Hedge funds and other institutional investors own 91.32% of the company’s stock.

Lovesac Trading Down 4.0%

Shares of LOVE stock opened at $16.89 on Monday. Lovesac has a 12 month low of $10.33 and a 12 month high of $20.88. The company has a market cap of $247.27 million, a P/E ratio of 64.96, a PEG ratio of 1.00 and a beta of 2.00. The firm has a fifty day moving average price of $16.26 and a 200 day moving average price of $14.87.

Lovesac (NASDAQ:LOVE) last posted 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 business had revenue of $138.20 million during the quarter, compared to the consensus estimate of $136.66 million. Lovesac had a return on equity of 1.88% and a net margin of 0.55%.The business’s quarterly revenue was down .1% on a year-over-year basis. During the same period in the previous year, the business earned ($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. On average, equities analysts forecast that Lovesac will post 0.5 EPS for the current year.

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.