Analysts Set The Lovesac Company (NASDAQ:LOVE) Price Target at $22.67

Shares of The Lovesac Company (NASDAQ:LOVE) have received a consensus recommendation of “Moderate Buy” from the five analysts that are presently covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation and four have given a buy recommendation to the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $22.6667.

Several equities research analysts have recently weighed in on LOVE shares. DA Davidson boosted their target price on shares of Lovesac from $18.00 to $20.00 and gave the stock a “buy” rating in a research report on Friday, June 12th. Canaccord Genuity Group set a $22.00 price target on shares of 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 Wednesday, June 24th. Wall Street Zen raised Lovesac from a “sell” rating to a “hold” rating in a report on Saturday, April 4th. Finally, Roth Mkm reaffirmed a “buy” rating on shares of Lovesac in a report on Friday, March 27th.

Lovesac Trading Down 0.5%

Lovesac stock opened at $16.61 on Thursday. The stock has a market cap of $243.17 million, a P/E ratio of 63.88, a price-to-earnings-growth ratio of 0.94 and a beta of 1.99. The stock has a 50 day moving average of $15.79 and a 200-day moving average of $14.55. Lovesac has a 52 week low of $10.33 and a 52 week high of $20.88.

Lovesac (NASDAQ:LOVE) last issued its quarterly earnings results on Thursday, June 11th. The company reported ($0.76) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($1.03) by $0.27. The business had revenue of $138.20 million during 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 business’s revenue was down .1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($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. As a group, equities analysts predict that Lovesac will post 0.5 earnings per share for the current fiscal year.

Insider Activity at Lovesac

In other Lovesac news, Director Andrew R. Heyer bought 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 completion of the purchase, the director directly owned 293,259 shares in the company, valued at approximately $4,305,042.12. This trade represents a 11.40% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Shawn David Nelson bought 1,477 shares of the company’s stock in a transaction on Thursday, April 16th. The shares were acquired at an average cost of $16.95 per share, for a total transaction of $25,035.15. Following the completion of the acquisition, the chief executive officer directly owned 202,681 shares of the company’s stock, valued at $3,435,442.95. This trade represents a 0.73% increase in their position. The SEC filing for this purchase provides additional information. Over the last three months, insiders have purchased 35,027 shares of company stock worth $515,182. Corporate insiders own 7.79% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. BNP Paribas Financial Markets grew its position in shares of Lovesac by 130.4% during the 2nd quarter. BNP Paribas Financial Markets now owns 1,938 shares of the company’s stock valued at $35,000 after buying an additional 1,097 shares during the last quarter. Ancora Advisors LLC bought a new position in Lovesac in the third quarter worth about $146,000. XTX Topco Ltd acquired a new position in Lovesac in the fourth quarter valued at approximately $149,000. PFG Investments LLC acquired a new position in Lovesac in the fourth quarter valued at approximately $156,000. Finally, HRT Financial LP acquired a new position in Lovesac in the fourth quarter valued at approximately $160,000. 91.32% of the stock is owned by institutional investors and hedge funds.

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.