Insider Buying: Lovesac (NASDAQ:LOVE) Director Acquires $440,400.00 in Stock

The Lovesac Company (NASDAQ:LOVE) Director Andrew Heyer bought 30,000 shares of Lovesac stock in a transaction dated Thursday, June 18th. The stock was acquired at an average cost of $14.68 per share, with a total value of $440,400.00. Following the completion of the acquisition, the director directly owned 293,259 shares of the company’s stock, valued at approximately $4,305,042.12. The trade was a 11.40% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website.

Lovesac Stock Performance

Shares of LOVE opened at $16.03 on Thursday. The Lovesac Company has a fifty-two week low of $10.33 and a fifty-two week high of $20.88. The firm has a 50-day simple moving average of $15.83 and a 200-day simple moving average of $14.44. The company has a market capitalization of $234.68 million, a price-to-earnings ratio of 61.65, a price-to-earnings-growth ratio of 0.83 and a beta of 2.02.

Lovesac (NASDAQ:LOVE) last posted its quarterly earnings data on Thursday, June 11th. The company reported ($0.76) earnings per share for the quarter, topping analysts’ consensus estimates of ($1.03) by $0.27. The company had revenue of $138.20 million during 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 revenue for the quarter was down .1% on a year-over-year basis. During the same period last year, the firm 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. Equities research analysts forecast that The Lovesac Company will post 0.5 EPS for the current year.

Institutional Investors Weigh In On Lovesac

Several institutional investors have recently modified their holdings of LOVE. Kanen Wealth Management LLC acquired a new stake in shares of Lovesac in the 1st quarter worth approximately $8,064,000. Invenomic Capital Management LP acquired a new position in Lovesac during the fourth quarter worth $5,350,000. Senvest Management LLC boosted its position in Lovesac by 36.7% during the first quarter. Senvest Management LLC now owns 1,025,393 shares of the company’s stock worth $15,145,000 after purchasing an additional 275,252 shares in the last quarter. Millennium Management LLC grew its holdings in Lovesac by 378.9% in the fourth quarter. Millennium Management LLC now owns 327,477 shares of the company’s stock valued at $4,830,000 after purchasing an additional 259,097 shares during the last quarter. Finally, Bastion Asset Management Inc. grew its holdings in Lovesac by 193.6% in the first quarter. Bastion Asset Management Inc. now owns 356,097 shares of the company’s stock valued at $5,290,000 after purchasing an additional 234,812 shares during the last quarter. Hedge funds and other institutional investors own 91.32% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on LOVE. Weiss Ratings reissued a “sell (d)” rating on shares of Lovesac in a research note on Friday, March 27th. DA Davidson raised their target price on shares of Lovesac from $18.00 to $20.00 and gave the stock a “buy” rating in a research note on Friday, June 12th. Wall Street Zen raised shares of Lovesac from a “sell” rating to a “hold” rating in a report on Saturday, April 4th. Roth Mkm reiterated a “buy” rating on shares of Lovesac in a research note on Friday, March 27th. Finally, Canaccord Genuity Group set a $22.00 price target on shares of Lovesac in a report on Thursday, June 11th. Four research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price 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.