Lovesac (NASDAQ:LOVE) President Mary Fox Acquires 1,720 Shares

The Lovesac Company (NASDAQ:LOVE) President Mary Fox purchased 1,720 shares of the business’s stock in a transaction dated Monday, June 22nd. The shares were purchased at an average price of $14.41 per share, with a total value of $24,785.20. Following the acquisition, the president directly owned 71,674 shares in the company, valued at approximately $1,032,822.34. The trade was a 2.46% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

Lovesac Stock Performance

LOVE stock opened at $14.00 on Tuesday. The firm has a market cap of $204.96 million, a PE ratio of 53.85, a PEG ratio of 0.82 and a beta of 2.02. The firm’s 50 day moving average price is $15.84 and its 200-day moving average price is $14.42. The Lovesac Company has a one year low of $10.33 and a one year high of $20.88.

Lovesac (NASDAQ:LOVE) last released its quarterly earnings data on Thursday, June 11th. The company reported ($0.76) EPS for the quarter, beating analysts’ consensus estimates of ($1.03) by $0.27. The firm 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 firm’s quarterly revenue was down .1% on a year-over-year basis. During the same period in the prior year, the firm posted ($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. Equities research analysts predict that The Lovesac Company will post 0.5 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on LOVE. Canaccord Genuity Group set a $22.00 price target on Lovesac in a report on Thursday, June 11th. Wall Street Zen upgraded shares of Lovesac from a “sell” rating to a “hold” rating in a report on Saturday, April 4th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Lovesac in a research report on Friday, March 27th. Roth Mkm reaffirmed a “buy” rating on shares of Lovesac in a research note on Friday, March 27th. Finally, 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 research note on Friday, June 12th. Four investment analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Lovesac currently has a consensus rating of “Moderate Buy” and a consensus price target of $22.67.

Institutional Inflows and Outflows

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

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.