Senvest Management LLC Has $15.14 Million Stock Holdings in The Lovesac Company $LOVE

Senvest Management LLC increased its stake in shares of The Lovesac Company (NASDAQ:LOVE) by 36.7% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,025,393 shares of the company’s stock after purchasing an additional 275,252 shares during the quarter. Senvest Management LLC owned approximately 0.07% of Lovesac worth $15,145,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. BNP Paribas Financial Markets grew its stake in shares of Lovesac by 130.4% during the second quarter. BNP Paribas Financial Markets now owns 1,938 shares of the company’s stock worth $35,000 after buying an additional 1,097 shares during the last quarter. Numerai GP LLC lifted its stake in shares of Lovesac by 10.7% in the 3rd quarter. Numerai GP LLC now owns 11,805 shares of the company’s stock valued at $200,000 after acquiring an additional 1,145 shares during the last quarter. Barclays PLC lifted its stake in shares of Lovesac by 7.5% in the 4th quarter. Barclays PLC now owns 28,576 shares of the company’s stock valued at $421,000 after acquiring an additional 1,999 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of Lovesac by 5.5% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 41,186 shares of the company’s stock valued at $607,000 after acquiring an additional 2,165 shares in the last quarter. Finally, MML Investors Services LLC boosted its holdings in shares of Lovesac by 1.0% during the 2nd quarter. MML Investors Services LLC now owns 218,845 shares of the company’s stock valued at $3,983,000 after acquiring an additional 2,203 shares in the last quarter. Institutional investors and hedge funds own 91.32% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the company. Canaccord Genuity Group set a $22.00 price objective on Lovesac in a research report on Thursday, June 11th. Roth Capital reiterated a “buy” rating on shares of Lovesac in a research report on Friday, March 27th. DA Davidson lifted their price target on Lovesac from $18.00 to $20.00 and gave the company a “buy” rating in a research note on Friday, June 12th. Wall Street Zen upgraded Lovesac from a “sell” rating to a “hold” rating in a report on Saturday, April 4th. Finally, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Lovesac in a research note on Wednesday, June 24th. Four analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Lovesac currently has a consensus rating of “Moderate Buy” and an average price target of $22.67.

Lovesac Stock Down 0.2%

LOVE opened at $16.34 on Friday. The Lovesac Company has a twelve month low of $10.33 and a twelve month high of $20.88. The company has a fifty day moving average of $16.30 and a 200-day moving average of $14.89. The stock has a market cap of $239.18 million, a PE ratio of 62.85, a price-to-earnings-growth ratio of 0.93 and a beta of 2.00.

Lovesac (NASDAQ:LOVE) last released its earnings results on Thursday, June 11th. The company reported ($0.76) earnings per share (EPS) for the quarter, beating the consensus estimate of ($1.03) by $0.27. The business 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%. Lovesac’s revenue for the quarter was down .1% on a year-over-year basis. During the same quarter in the previous year, the business 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. Sell-side analysts anticipate that The Lovesac Company will post 0.5 EPS for the current fiscal year.

Insider Buying and Selling at Lovesac

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