The Lovesac Company (NASDAQ:LOVE) Receives $22.67 Consensus PT from Brokerages

The Lovesac Company (NASDAQ:LOVE) has received an average rating of “Moderate Buy” from the four research firms that are currently covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a hold rating and three have given a buy rating to the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $21.3333.

Several research firms have recently weighed in on LOVE. Wall Street Zen raised shares of Lovesac from a “hold” rating to a “buy” rating in a report on Saturday. DA Davidson reduced their target price on shares of Lovesac from $20.00 to $18.00 and set a “buy” rating for the company in a report on Friday. Roth Capital reissued a “buy” rating on shares of Lovesac in a report on Friday. Canaccord Genuity Group cut their target price on Lovesac from $22.00 to $20.00 and set a “buy” rating for the company in a research report on Thursday. Finally, Weiss Ratings upgraded shares of Lovesac from a “sell (d)” rating to a “hold (c)” rating in a research report on Thursday.

Insiders Place Their Bets

In other Lovesac news, Director Andrew Heyer purchased 30,000 shares of the firm’s stock in a transaction that occurred on Thursday, June 18th. The shares were bought at an average price of $14.68 per share, with a total value of $440,400.00. Following the completion of the purchase, the director directly owned 293,259 shares in the company, 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 through the SEC website. Insiders have acquired a total of 33,550 shares of company stock valued at $490,146 in the last quarter. Insiders own 7.79% of the company’s stock.

Institutional Investors Weigh In On Lovesac

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Legal & General Group Plc purchased a new stake in Lovesac during the 2nd quarter valued at $25,000. California State Teachers Retirement System grew its stake in Lovesac by 333.5% in the second quarter. California State Teachers Retirement System now owns 3,121 shares of the company’s stock worth $52,000 after purchasing an additional 2,401 shares in the last quarter. Isthmus Partners LLC increased its stake in shares of Lovesac by 2.5% during the first quarter. Isthmus Partners LLC now owns 240,186 shares of the company’s stock valued at $3,548,000 after buying an additional 5,884 shares during the period. Empowered Funds LLC raised its holdings in shares of Lovesac by 9.5% in the 1st quarter. Empowered Funds LLC now owns 83,794 shares of the company’s stock valued at $1,238,000 after purchasing an additional 7,247 shares in the last quarter. Finally, BCGM Wealth Management LLC raised its stake in Lovesac by 4.1% in the first quarter. BCGM Wealth Management LLC now owns 251,440 shares of the company’s stock worth $3,714,000 after buying an additional 9,908 shares in the last quarter. 91.32% of the stock is currently owned by hedge funds and other institutional investors.

Lovesac Stock Performance

Shares of LOVE stock opened at $14.69 on Tuesday. The company’s 50-day moving average is $16.74 and its 200 day moving average is $15.50. Lovesac has a one year low of $10.33 and a one year high of $19.25. The company has a market capitalization of $211.83 million, a price-to-earnings ratio of 12.04, a price-to-earnings-growth ratio of 0.35 and a beta of 2.03.

Lovesac (NASDAQ:LOVE) last announced its quarterly earnings results on Thursday, September 10th. The company reported $0.51 earnings per share for the quarter, beating the consensus estimate of ($0.36) by $0.87. Lovesac had a net margin of 2.56% and a return on equity of 2.57%. The company had revenue of $161.25 million during the quarter, compared to the consensus estimate of $161.55 million. During the same quarter last year, the firm earned ($0.45) earnings per share. The firm’s quarterly revenue was up .5% compared to the same quarter last year. Lovesac has set its Q3 2027 guidance at 0.620-0.830 EPS and its FY 2027 guidance at 0.980-1.260 EPS. As a group, research analysts predict that Lovesac will post 1.12 earnings per share for the current fiscal 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.