The Lovesac Company (NASDAQ:LOVE - Get Free Report) CFO Keith R. Siegner purchased 4,800 shares of the firm's stock in a transaction that occurred on Friday, April 19th. The shares were bought at an average cost of $20.80 per share, with a total value of $99,840.00. Following the completion of the acquisition, the chief financial officer now owns 4,800 shares of the company's stock, valued at $99,840. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.
Lovesac Stock Performance
NASDAQ:LOVE opened at $22.04 on Wednesday. The stock has a fifty day moving average price of $22.43 and a two-hundred day moving average price of $21.83. The stock has a market capitalization of $341.40 million, a price-to-earnings ratio of 15.74, a PEG ratio of 0.46 and a beta of 2.87. The Lovesac Company has a 1 year low of $14.18 and a 1 year high of $29.81.
Lovesac (NASDAQ:LOVE - Get Free Report) last released its quarterly earnings data on Thursday, April 11th. The company reported $1.87 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.93 by ($0.06). The business had revenue of $250.00 million during the quarter, compared to analysts' expectations of $265.35 million. Lovesac had a return on equity of 12.19% and a net margin of 3.39%. The company's revenue was up 4.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.74 EPS. On average, analysts predict that The Lovesac Company will post 1.3 EPS for the current year.
Institutional Inflows and Outflows
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Large investors have recently bought and sold shares of the business. Soltis Investment Advisors LLC raised its position in Lovesac by 87.8% in the third quarter. Soltis Investment Advisors LLC now owns 104,783 shares of the company's stock worth $2,087,000 after acquiring an additional 48,988 shares in the last quarter. Millrace Asset Group Inc. increased its position in shares of Lovesac by 73.9% in the third quarter. Millrace Asset Group Inc. now owns 115,704 shares of the company's stock valued at $2,305,000 after buying an additional 49,153 shares in the last quarter. GSA Capital Partners LLP purchased a new position in shares of Lovesac in the third quarter valued at $1,189,000. Bank of New York Mellon Corp increased its position in shares of Lovesac by 13.8% in the third quarter. Bank of New York Mellon Corp now owns 403,945 shares of the company's stock valued at $8,047,000 after buying an additional 49,096 shares in the last quarter. Finally, Jupiter Asset Management Ltd. purchased a new position in shares of Lovesac in the third quarter valued at $514,000. Hedge funds and other institutional investors own 91.32% of the company's stock.
Analyst Ratings Changes
Several brokerages recently weighed in on LOVE. Roth Mkm reaffirmed a "buy" rating and set a $34.00 price target on shares of Lovesac in a report on Wednesday, April 10th. Maxim Group began coverage on Lovesac in a report on Wednesday, April 17th. They set a "buy" rating and a $36.00 price target for the company. Finally, Canaccord Genuity Group decreased their price target on Lovesac from $44.00 to $36.00 and set a "buy" rating for the company in a report on Friday, April 12th.
Get Our Latest Analysis on Lovesac
Lovesac Company Profile
(
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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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