Canaccord Genuity Group reiterated their buy rating on shares of Lovesac (NASDAQ:LOVE – Free Report) in a report released on Friday morning,Benzinga reports. They currently have a $30.00 price objective on the stock.
LOVE has been the subject of a number of other reports. Wall Street Zen raised Lovesac from a “sell” rating to a “hold” rating in a research note on Saturday, July 12th. DA Davidson reiterated a “buy” rating and issued a $24.00 target price on shares of Lovesac in a report on Tuesday, September 9th. Five investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Lovesac currently has a consensus rating of “Buy” and a consensus target price of $30.00.
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Lovesac Trading Down 0.1%
Shares of NASDAQ LOVE opened at $17.66 on Friday. Lovesac has a twelve month low of $12.12 and a twelve month high of $39.49. The stock has a fifty day simple moving average of $18.78 and a 200-day simple moving average of $18.66. The stock has a market capitalization of $258.01 million, a PE ratio of 28.03, a PEG ratio of 0.56 and a beta of 2.35.
Lovesac (NASDAQ:LOVE – Get Free Report) last issued its quarterly earnings data on Thursday, September 11th. The company reported ($0.45) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.72) by $0.27. Lovesac had a return on equity of 6.35% and a net margin of 1.87%.The business had revenue of $160.53 million during the quarter, compared to analysts’ expectations of $160.42 million. During the same period in the previous year, the firm posted ($0.38) earnings per share. The company’s revenue was up 2.5% on a year-over-year basis. Lovesac has set its Q3 2026 guidance at -0.830–0.51 EPS. FY 2026 guidance at 0.520-1.05 EPS. On average, equities analysts predict that Lovesac will post 0.39 earnings per share for the current year.
Insider Buying and Selling at Lovesac
In other news, Director Walter Field Mclallen purchased 1,950 shares of the stock in a transaction that occurred on Friday, June 20th. The shares were acquired at an average price of $18.08 per share, for a total transaction of $35,256.00. Following the acquisition, the director directly owned 40,000 shares in the company, valued at approximately $723,200. The trade was a 5.12% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 12.46% of the stock is currently owned by corporate insiders.
Institutional Investors Weigh In On Lovesac
A number of institutional investors and hedge funds have recently modified their holdings of LOVE. Heck Capital Advisors LLC acquired a new stake in Lovesac during the 4th quarter valued at $26,000. BNP Paribas Financial Markets grew its holdings in 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. Public Employees Retirement System of Ohio acquired a new stake in Lovesac during the 2nd quarter valued at $36,000. Cubist Systematic Strategies LLC acquired a new stake in Lovesac during the 4th quarter valued at $49,000. Finally, Quarry LP lifted its stake in shares of Lovesac by 396.3% during the 1st quarter. Quarry LP now owns 3,052 shares of the company’s stock worth $55,000 after purchasing an additional 2,437 shares during the period. Institutional investors and hedge funds own 91.32% of the company’s stock.
About Lovesac
(Get Free Report)
The Lovesac Company designs, manufactures, and sells furniture. It offers sactionals, such as seats and sides; sacs, including foam beanbag chairs; and other products comprising drink holders, footsac blankets, decorative pillows, fitted seat tables, and ottomans. The company markets its products primarily through www.lovesac.com website, as well as showrooms at top tier malls, lifestyle centers, mobile concierges, kiosks, and street locations in 41 states in the United States; and in store pop-up- shops and shop-in-shops, and barter inventory transactions.
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