Shares of The Lovesac Company (NASDAQ:LOVE – Get Free Report) have received a consensus rating of “Buy” from the six brokerages that are covering the stock, Marketbeat Ratings reports. Six equities research analysts have rated the stock with a buy recommendation. The average 12 month target price among analysts that have issued a report on the stock in the last year is $38.33.
A number of equities research analysts recently issued reports on the stock. Craig Hallum boosted their target price on shares of Lovesac from $30.00 to $35.00 and gave the company a “buy” rating in a report on Friday, September 13th. Canaccord Genuity Group boosted their price objective on shares of Lovesac from $36.00 to $45.00 and gave the company a “buy” rating in a research note on Monday, December 2nd. Roth Mkm increased their target price on Lovesac from $35.00 to $42.00 and gave the stock a “buy” rating in a research report on Tuesday, December 10th. Finally, DA Davidson reduced their target price on Lovesac from $44.00 to $35.00 and set a “buy” rating on the stock in a report on Friday, December 13th.
Insider Activity at Lovesac
In related news, Director Albert Jack Krause sold 10,000 shares of the business’s stock in a transaction that occurred on Thursday, October 3rd. The stock was sold at an average price of $26.22, for a total transaction of $262,200.00. Following the transaction, the director now directly owns 177,849 shares of the company’s stock, valued at approximately $4,663,200.78. The trade was a 5.32 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 12.33% of the stock is owned by insiders.
Institutional Trading of Lovesac
A number of hedge funds have recently made changes to their positions in LOVE. Senvest Management LLC increased its position in shares of Lovesac by 47.3% during the third quarter. Senvest Management LLC now owns 943,022 shares of the company’s stock worth $27,018,000 after acquiring an additional 302,643 shares during the last quarter. Anson Funds Management LP grew its stake in Lovesac by 13.9% during the 3rd quarter. Anson Funds Management LP now owns 814,363 shares of the company’s stock valued at $23,332,000 after purchasing an additional 99,651 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in Lovesac by 3.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 795,011 shares of the company’s stock worth $17,951,000 after purchasing an additional 26,872 shares during the last quarter. Hood River Capital Management LLC raised its position in shares of Lovesac by 8.8% in the 2nd quarter. Hood River Capital Management LLC now owns 774,015 shares of the company’s stock valued at $17,477,000 after purchasing an additional 62,615 shares in the last quarter. Finally, Geode Capital Management LLC boosted its stake in shares of Lovesac by 1.2% during the 3rd quarter. Geode Capital Management LLC now owns 336,210 shares of the company’s stock valued at $9,634,000 after buying an additional 3,979 shares during the last quarter. Hedge funds and other institutional investors own 91.32% of the company’s stock.
Lovesac Trading Up 2.2 %
Shares of Lovesac stock traded up $0.51 during trading hours on Friday, reaching $23.93. 536,476 shares of the company’s stock were exchanged, compared to its average volume of 310,017. The firm has a market capitalization of $369.31 million, a price-to-earnings ratio of 46.92, a price-to-earnings-growth ratio of 0.99 and a beta of 2.97. Lovesac has a 52-week low of $18.21 and a 52-week high of $39.49. The company has a fifty day moving average of $31.56 and a 200-day moving average of $27.20.
Lovesac (NASDAQ:LOVE – Get Free Report) last released its earnings results on Thursday, December 12th. The company reported ($0.32) earnings per share for the quarter, topping the consensus estimate of ($0.34) by $0.02. The firm had revenue of $149.90 million for the quarter, compared to the consensus estimate of $155.26 million. Lovesac had a return on equity of 4.83% and a net margin of 1.41%. The firm’s revenue for the quarter was down 2.7% compared to the same quarter last year. During the same period in the prior year, the business posted ($0.15) earnings per share. On average, equities research analysts anticipate that Lovesac will post 1.09 earnings per share for the current fiscal year.
Lovesac Company Profile
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.