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

The Lovesac Company (NASDAQ:LOVE) has been given a consensus rating of “Moderate Buy” by the five research firms that are currently covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating and four have issued a buy rating on the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $22.6667.

LOVE has been the topic of a number of recent analyst reports. Weiss Ratings reiterated a “sell (d)” rating on shares of Lovesac in a research report on Wednesday, June 24th. Wall Street Zen upgraded Lovesac from a “sell” rating to a “hold” rating in a research note on Saturday, April 4th. DA Davidson raised 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. Finally, Canaccord Genuity Group set a $22.00 price target on Lovesac in a research report on Thursday, June 11th.

Lovesac Stock Performance

Shares of Lovesac stock opened at $16.34 on Monday. The stock has a market capitalization of $239.22 million, a P/E ratio of 62.85, a P/E/G ratio of 0.92 and a beta of 2.00. Lovesac has a 52-week low of $10.33 and a 52-week high of $20.88. The stock’s 50-day simple moving average is $16.30 and its 200 day simple moving average is $14.90.

Lovesac (NASDAQ:LOVE) last released its quarterly earnings data on Thursday, June 11th. The company reported ($0.76) EPS for the quarter, topping the consensus estimate of ($1.03) by $0.27. Lovesac had a net margin of 0.55% and a return on equity of 1.88%. The company had revenue of $138.20 million during the quarter, compared to the consensus estimate of $136.66 million. During the same period last year, the firm earned ($0.73) EPS. Lovesac’s revenue for the quarter 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. Equities research analysts forecast that Lovesac will post 0.5 EPS for the current fiscal year.

Insider Buying and Selling at Lovesac

In other Lovesac news, Director Andrew R. Heyer bought 30,000 shares of Lovesac stock in a transaction dated Thursday, June 18th. The shares were purchased at an average cost of $14.68 per share, with a total value of $440,400.00. Following the completion of the purchase, the director owned 293,259 shares of the company’s stock, valued at approximately $4,305,042.12. This represents a 11.40% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In the last 90 days, insiders purchased 33,550 shares of company stock valued at $490,146. 7.79% of the stock is currently owned by company insiders.

Institutional Trading of Lovesac

Large investors have recently added to or reduced their stakes in the stock. Senvest Management LLC raised its holdings in Lovesac by 36.7% in the 1st 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. Kanen Wealth Management LLC purchased a new position in shares of Lovesac during the first quarter valued at about $8,064,000. Arrowstreet Capital Limited Partnership raised its stake in Lovesac by 41.9% in the third quarter. Arrowstreet Capital Limited Partnership now owns 375,883 shares of the company’s stock worth $6,364,000 after buying an additional 110,953 shares in the last quarter. Invenomic Capital Management LP purchased a new stake in Lovesac in the fourth quarter worth about $5,350,000. Finally, Bastion Asset Management Inc. lifted 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 worth $5,290,000 after buying an additional 234,812 shares during the period. Institutional investors 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.