The Lovesac Company (NASDAQ:LOVE – Get Free Report) President Mary Fox acquired 1,720 shares of the business’s stock in a transaction dated Monday, June 22nd. The shares were bought at an average cost of $14.41 per share, for a total transaction of $24,785.20. Following the transaction, the president directly owned 71,674 shares of the company’s stock, valued at approximately $1,032,822.34. This trade represents a 2.46% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.
Lovesac Trading Up 4.2%
NASDAQ:LOVE opened at $14.59 on Wednesday. The Lovesac Company has a 12-month low of $10.33 and a 12-month high of $20.88. The firm has a market cap of $213.60 million, a PE ratio of 56.12, a price-to-earnings-growth ratio of 0.79 and a beta of 2.02. The stock has a fifty day moving average price of $15.83 and a 200 day moving average price of $14.43.
Lovesac (NASDAQ:LOVE – Get Free Report) last posted its quarterly 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 for the quarter, compared to analyst estimates of $136.66 million. Lovesac had a return on equity of 1.88% and a net margin of 0.55%.Lovesac’s revenue for the quarter was down .1% compared to the same quarter last year. During the same quarter last year, the company 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 analysts forecast that The Lovesac Company will post 0.5 EPS for the current year.
Analyst Ratings Changes
Check Out Our Latest Stock Analysis on Lovesac
Hedge Funds Weigh In On Lovesac
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. BNP Paribas Financial Markets raised its stake in shares of Lovesac by 130.4% in the second quarter. BNP Paribas Financial Markets now owns 1,938 shares of the company’s stock worth $35,000 after purchasing an additional 1,097 shares during the last quarter. Ancora Advisors LLC bought a new position in Lovesac in the third quarter valued at about $146,000. XTX Topco Ltd bought a new stake in shares of Lovesac during the 4th quarter valued at about $149,000. PFG Investments LLC bought a new stake in Lovesac during the fourth quarter valued at approximately $156,000. Finally, HRT Financial LP bought a new position in Lovesac in the fourth quarter worth approximately $160,000. 91.32% of the stock is owned by institutional investors.
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.
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