The Lovesac Company (NASDAQ:LOVE - Get Free Report) Director Andrew R. Heyer purchased 3,856 shares of Lovesac stock in a transaction that occurred on Tuesday, April 16th. The stock was bought at an average cost of $18.76 per share, for a total transaction of $72,338.56. Following the purchase, the director now directly owns 3,856 shares in the company, valued at $72,338.56. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website.
Lovesac Price Performance
Shares of Lovesac stock opened at $20.35 on Friday. The Lovesac Company has a 1 year low of $14.18 and a 1 year high of $29.81. The firm's 50-day moving average is $22.59 and its two-hundred day moving average is $21.74. The stock has a market cap of $315.22 million, a price-to-earnings ratio of 14.54, a PEG ratio of 0.44 and a beta of 2.87.
Lovesac (NASDAQ:LOVE - Get Free Report) last released its quarterly earnings results on Thursday, April 11th. The company reported $1.87 earnings per share for the quarter, missing analysts' consensus estimates of $1.93 by ($0.06). Lovesac had a net margin of 3.39% and a return on equity of 12.19%. The firm had revenue of $250.00 million during the quarter, compared to the consensus estimate of $265.35 million. During the same quarter in the prior year, the business posted $1.74 earnings per share. The firm's quarterly revenue was up 4.8% on a year-over-year basis. On average, equities analysts expect that The Lovesac Company will post 1.3 earnings per share for the current year.
Institutional Trading of Lovesac
He Is Giving Away Bitcoin
From Crypto Swap Profits | Ad
And my special guest is willing to give you $10 in Bitcoin (BTC) if you take it seriously.
Right now is a very important time to pay attention to what we are doing and what is happening.
If you wait... it will be too late.
This week we are holding several workshops and if you attend and pay attention my special guest is going to send you $10 in Bitcoin.
>> Register right here
A number of institutional investors have recently modified their holdings of the company. Vanguard Group Inc. boosted its holdings in shares of Lovesac by 2.5% in the 4th quarter. Vanguard Group Inc. now owns 829,792 shares of the company's stock valued at $21,201,000 after buying an additional 20,300 shares in the last quarter. Virtu Financial LLC bought a new stake in shares of Lovesac in the 4th quarter valued at about $340,000. Price T Rowe Associates Inc. MD bought a new stake in shares of Lovesac in the 4th quarter valued at about $228,000. Barclays PLC boosted its holdings in shares of Lovesac by 264.3% in the 4th quarter. Barclays PLC now owns 22,626 shares of the company's stock valued at $578,000 after buying an additional 16,416 shares in the last quarter. Finally, Nuveen Asset Management LLC boosted its holdings in shares of Lovesac by 120.6% in the 4th quarter. Nuveen Asset Management LLC now owns 207,912 shares of the company's stock valued at $5,312,000 after buying an additional 113,676 shares in the last quarter. 91.32% of the stock is currently owned by institutional investors.
Analyst Ratings Changes
Several brokerages have issued reports on LOVE. Maxim Group began coverage on shares of Lovesac in a report on Wednesday. They set a "buy" rating and a $36.00 target price on the stock. Canaccord Genuity Group dropped their target price on shares of Lovesac from $44.00 to $36.00 and set a "buy" rating on the stock in a report on Friday, April 12th. Finally, Roth Mkm reiterated a "buy" rating and set a $34.00 target price on shares of Lovesac in a report on Wednesday, April 10th.
Get Our Latest Research Report on Lovesac
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.
Further Reading
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. This story was reviewed by InsiderTrades.com's editorial team prior to publication. Please send any questions or comments about this story to [email protected].
