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

Shares of The Lovesac Company (NASDAQ:LOVEGet Free Report) have received an average recommendation of “Moderate Buy” from the five brokerages that are presently covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation and four have issued a buy recommendation on 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.

Several equities analysts have issued reports on LOVE shares. Weiss Ratings reiterated a “sell (d)” rating on shares of Lovesac in a research report on Wednesday, June 24th. Canaccord Genuity Group set a $22.00 target price on Lovesac in a research note on Thursday, June 11th. Finally, DA Davidson lifted their price target on Lovesac from $18.00 to $20.00 and gave the company a “buy” rating in a report on Friday, June 12th.

Get Our Latest Report on Lovesac

Insider Buying and Selling

In related news, Director Andrew R. Heyer acquired 30,000 shares of the stock in a transaction on Thursday, June 18th. The stock was purchased at an average price of $14.68 per share, for a total transaction of $440,400.00. Following the transaction, the director owned 293,259 shares of the company’s stock, valued at $4,305,042.12. The trade was a 11.40% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Over the last 90 days, insiders have bought 33,550 shares of company stock worth $490,146. 7.79% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Lovesac

A number of institutional investors have recently modified their holdings of the stock. Man Group plc acquired a new position in shares of Lovesac during the second quarter worth approximately $1,594,000. AWM Investment Company Inc. acquired a new stake in shares of Lovesac in the second quarter valued at approximately $10,188,000. Hsbc Holdings PLC acquired a new stake in shares of Lovesac in the second quarter valued at approximately $178,000. Canada Pension Plan Investment Board bought a new position in Lovesac in the 2nd quarter worth approximately $194,000. Finally, Legal & General Group Plc bought a new position in Lovesac in the 2nd quarter worth approximately $25,000. 91.32% of the stock is owned by institutional investors.

Lovesac Stock Performance

NASDAQ LOVE opened at $17.29 on Friday. The firm has a market cap of $253.13 million, a price-to-earnings ratio of 66.50, a PEG ratio of 0.98 and a beta of 2.02. The company has a 50 day moving average of $16.74 and a 200-day moving average of $15.10. Lovesac has a 1-year low of $10.33 and a 1-year high of $20.88.

Lovesac (NASDAQ:LOVEGet Free Report) last posted its earnings results on Thursday, June 11th. The company reported ($0.76) earnings per share (EPS) for the quarter, beating 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 net margin of 0.55% and a return on equity of 1.88%. Lovesac’s quarterly revenue was down .1% compared to the same quarter last year. During the same quarter in the previous year, the company 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. On average, analysts forecast that Lovesac will post 0.5 earnings per share for the current year.

Lovesac Company Profile

(Get Free Report)

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.

See Also

Analyst Recommendations for Lovesac (NASDAQ:LOVE)

Receive News & Ratings for Lovesac Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lovesac and related companies with MarketBeat.com's FREE daily email newsletter.