Key Points
- CEO Shawn David Nelson purchased 1,477 shares on April 16 at an average price of $16.95 (total ~$25,035), raising his stake to 202,681 shares — a 0.73% increase — as disclosed in an SEC filing.
- Lovesac beat the quarter's estimates with EPS $2.19 vs. $2.00 and revenue $248.05M vs. $242.77M, but still shows slim profitability (net margin 0.58%, ROE 2.02%) and trades at a PE of 60.38 with a market cap of ~$256M.
- Institutional ownership is high at 91.32%, and analyst sentiment is mixed (four Buys, one Sell) with an average target price of $22.67.
The Lovesac Company (NASDAQ:LOVE - Get Free Report) CEO Shawn David Nelson bought 1,477 shares of the stock in a transaction dated Thursday, April 16th. The stock was purchased at an average price of $16.95 per share, with a total value of $25,035.15. Following the acquisition, the chief executive officer owned 202,681 shares of the company's stock, valued at $3,435,442.95. The trade was a 0.73% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink.
Lovesac Stock Down 0.8%
LOVE stock opened at $17.51 on Tuesday. The firm has a market cap of $256.00 million, a PE ratio of 60.38, a P/E/G ratio of 0.85 and a beta of 2.21. The business has a 50 day moving average of $13.33 and a 200-day moving average of $13.90. The Lovesac Company has a 12-month low of $10.33 and a 12-month high of $21.90.
Lovesac (NASDAQ:LOVE - Get Free Report) last released its earnings results on Thursday, March 26th. The company reported $2.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.00 by $0.19. The company had revenue of $248.05 million during the quarter, compared to analyst estimates of $242.77 million. Lovesac had a return on equity of 2.02% and a net margin of 0.58%.Lovesac's quarterly revenue was up 2.7% on a year-over-year basis. During the same period in the prior year, the company posted $2.13 earnings per share. On average, research analysts expect that The Lovesac Company will post 0.59 earnings per share for the current year.
Institutional Investors Weigh In On Lovesac
Hedge funds have recently modified their holdings of the stock. BNP Paribas Financial Markets increased its holdings in Lovesac by 130.4% in the 2nd quarter. BNP Paribas Financial Markets now owns 1,938 shares of the company's stock worth $35,000 after acquiring an additional 1,097 shares during the last quarter. Numerai GP LLC increased its holdings in Lovesac by 10.7% in the 3rd quarter. Numerai GP LLC now owns 11,805 shares of the company's stock worth $200,000 after acquiring an additional 1,145 shares during the last quarter. Barclays PLC increased its holdings in Lovesac by 7.5% in the 4th quarter. Barclays PLC now owns 28,576 shares of the company's stock worth $421,000 after acquiring an additional 1,999 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in Lovesac by 5.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 41,186 shares of the company's stock worth $607,000 after acquiring an additional 2,165 shares during the last quarter. Finally, MML Investors Services LLC increased its holdings in Lovesac by 1.0% in the 2nd quarter. MML Investors Services LLC now owns 218,845 shares of the company's stock worth $3,983,000 after acquiring an additional 2,203 shares during the last quarter. Institutional investors own 91.32% of the company's stock.
Wall Street Analyst Weigh In
A number of equities analysts recently weighed in on LOVE shares. Weiss Ratings reissued a "sell (d)" rating on shares of Lovesac in a report on Friday, March 27th. Roth Mkm reissued a "buy" rating on shares of Lovesac in a report on Friday, March 27th. Finally, Wall Street Zen raised shares of Lovesac from a "sell" rating to a "hold" rating in a report on Saturday, April 4th. Four equities research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $22.67.
View Our Latest Stock Analysis on LOVE
About Lovesac
(
Get Free Report)
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.
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