Lovesac (NASDAQ:LOVE) CEO Purchases $24,961.20 in Stock

The Lovesac Company (NASDAQ:LOVE) CEO Shawn David Nelson acquired 1,830 shares of the business’s stock in a transaction dated Monday, June 22nd. The stock was purchased at an average cost of $13.64 per share, with a total value of $24,961.20. Following the transaction, the chief executive officer owned 205,644 shares of the company’s stock, valued at approximately $2,804,984.16. The trade was a 0.90% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Shawn David Nelson also recently made the following trade(s):

• On Thursday, April 16th, Shawn David Nelson bought 1,477 shares of Lovesac stock. The shares were purchased at an average price of $16.95 per share, for a total transaction of $25,035.15.

Lovesac Stock Performance

Shares of LOVE opened at $16.11 on Friday. The Lovesac Company has a fifty-two week low of $10.33 and a fifty-two week high of $20.88. The company has a market capitalization of $235.85 million, a PE ratio of 61.96, a price-to-earnings-growth ratio of 0.91 and a beta of 2.02. The stock has a fifty day moving average of $15.82 and a two-hundred day moving average of $14.46.

Lovesac (NASDAQ:LOVE) last posted its quarterly earnings data on Thursday, June 11th. The company reported ($0.76) earnings per share (EPS) for the quarter, topping the consensus estimate of ($1.03) by $0.27. Lovesac had a return on equity of 1.88% and a net margin of 0.55%.The business had revenue of $138.20 million for the quarter, compared to analysts’ expectations of $136.66 million. During the same quarter last year, the firm earned ($0.73) earnings per share. The business’s revenue was down .1% on a year-over-year basis. 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, equities research analysts forecast that The Lovesac Company will post 0.5 earnings per share for the current fiscal year.

Analyst Ratings Changes

LOVE has been the topic of several research analyst reports. Weiss Ratings reissued 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 report on Friday, March 27th. Wall Street Zen raised shares of Lovesac from a “sell” rating to a “hold” rating in a research note on Saturday, April 4th. DA Davidson lifted their price target on shares of Lovesac from $18.00 to $20.00 and gave the company a “buy” rating in a report on Friday, June 12th. Finally, Canaccord Genuity Group set a $22.00 price objective on shares of Lovesac in a research note on Thursday, June 11th. Four research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company. According to MarketBeat, Lovesac presently has an average rating of “Moderate Buy” and a consensus price target of $22.67.

Institutional Trading of Lovesac

A number of institutional investors and hedge funds have recently bought and sold shares of the business. BCGM Wealth Management LLC lifted its position in Lovesac by 77.4% during the fourth quarter. BCGM Wealth Management LLC now owns 241,532 shares of the company’s stock valued at $3,563,000 after buying an additional 105,349 shares in the last quarter. Bastion Asset Management Inc. acquired a new stake in shares of Lovesac in the fourth quarter worth $1,767,000. Skylands Capital LLC increased its position in shares of Lovesac by 53.4% in the fourth quarter. Skylands Capital LLC now owns 291,397 shares of the company’s stock worth $4,298,000 after acquiring an additional 101,447 shares in the last quarter. Isthmus Partners LLC raised its stake in shares of Lovesac by 68.9% in the 4th quarter. Isthmus Partners LLC now owns 234,302 shares of the company’s stock valued at $3,456,000 after acquiring an additional 95,592 shares during the period. Finally, UBS Group AG raised its stake in shares of Lovesac by 63.9% in the 4th quarter. UBS Group AG now owns 229,643 shares of the company’s stock valued at $3,387,000 after acquiring an additional 89,537 shares during the period. Institutional investors and hedge funds own 91.32% of the company’s stock.

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.