Lovesac (NASDAQ:LOVE) CEO Shawn David Nelson Purchases 1,830 Shares of Stock

The Lovesac Company (NASDAQ:LOVE) CEO Shawn David Nelson bought 1,830 shares of Lovesac stock in a transaction dated Monday, June 22nd. The shares were purchased at an average cost of $13.64 per share, for a total transaction of $24,961.20. Following the completion of the transaction, the chief executive officer owned 205,644 shares of the company’s stock, valued at approximately $2,804,984.16. This represents a 0.90% increase in their position. The purchase was disclosed in a legal filing 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 purchased 1,477 shares of Lovesac stock. The shares were purchased at an average cost of $16.95 per share, with a total value of $25,035.15.

Lovesac Price Performance

Lovesac stock 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 company has a market capitalization of $213.60 million, a price-to-earnings ratio of 56.12, a price-to-earnings-growth ratio of 0.79 and a beta of 2.02. The firm’s fifty day moving average price is $15.83 and its 200 day moving average price is $14.43.

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

Institutional Investors Weigh In On Lovesac

Several institutional investors and hedge funds have recently made changes to their positions in the company. BNP Paribas Financial Markets boosted its holdings in 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 period. Ancora Advisors LLC acquired a new stake in shares of Lovesac during the third quarter worth $146,000. XTX Topco Ltd bought a new position in shares of Lovesac in the 4th quarter worth about $149,000. PFG Investments LLC acquired a new position in shares of Lovesac in the 4th quarter valued at about $156,000. Finally, HRT Financial LP acquired a new position in shares of Lovesac in the 4th quarter valued at about $160,000. 91.32% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages recently commented on LOVE. DA Davidson increased 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. Wall Street Zen upgraded Lovesac from a “sell” rating to a “hold” rating in a report on Saturday, April 4th. Canaccord Genuity Group set a $22.00 target price on Lovesac in a research report on Thursday, June 11th. Weiss Ratings reiterated a “sell (d)” rating on shares of Lovesac in a research note on Friday, March 27th. Finally, Roth Mkm reiterated a “buy” rating on shares of Lovesac in a research note on Friday, March 27th. Four equities research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $22.67.

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.