Nuveen LLC Buys Shares of 34,145 The Lovesac Company $LOVE

Key Points

• Nuveen LLC has acquired 34,145 shares of The Lovesac Company ($LOVE), valued at approximately $621,000, representing a 0.23% ownership stake in the company.
• The Lovesac Company's recent quarterly earnings showed a net margin of 1.99% and a year-over-year revenue increase of 4.4%, with an EPS of ($0.73) beating estimates.
• Five research analysts have rated Lovesac with a Buy rating, and the stock has a consensus target price of $30.40.

Nuveen LLC acquired a new stake in shares of The Lovesac Company (NASDAQ:LOVE - Free Report) during the first quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 34,145 shares of the company's stock, valued at approximately $621,000. Nuveen LLC owned 0.23% of Lovesac at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Harbour Capital Advisors LLC acquired a new position in Lovesac in the first quarter valued at approximately $327,000. GAMMA Investing LLC raised its holdings in shares of Lovesac by 12,234.3% in the first quarter. GAMMA Investing LLC now owns 12,581 shares of the company's stock worth $229,000 after acquiring an additional 12,479 shares during the last quarter. Two Sigma Investments LP boosted its position in shares of Lovesac by 181.7% in the fourth quarter. Two Sigma Investments LP now owns 86,640 shares of the company's stock worth $2,050,000 after buying an additional 55,881 shares during the period. Man Group plc acquired a new stake in Lovesac during the fourth quarter valued at approximately $327,000. Finally, Deutsche Bank AG grew its holdings in Lovesac by 64.5% in the 4th quarter. Deutsche Bank AG now owns 81,843 shares of the company's stock worth $1,936,000 after buying an additional 32,102 shares in the last quarter. 91.32% of the stock is currently owned by institutional investors.

Lovesac Stock Performance

NASDAQ:LOVE traded down $0.65 on Monday, hitting $19.77. The stock had a trading volume of 138,517 shares, compared to its average volume of 405,529. The firm's fifty day simple moving average is $18.79 and its two-hundred day simple moving average is $18.75. The stock has a market cap of $287.58 million, a P/E ratio of 28.32, a price-to-earnings-growth ratio of 0.65 and a beta of 2.35. The Lovesac Company has a 1 year low of $12.12 and a 1 year high of $39.49.

Lovesac (NASDAQ:LOVE - Get Free Report) last announced its quarterly earnings results on Thursday, June 12th. The company reported ($0.73) EPS for the quarter, beating the consensus estimate of ($0.81) by $0.08. Lovesac had a net margin of 1.99% and a return on equity of 6.70%. The firm had revenue of $138.37 million during the quarter, compared to the consensus estimate of $137.20 million. During the same period last year, the firm earned ($0.83) EPS. The business's quarterly revenue was up 4.4% compared to the same quarter last year. Lovesac has set its Q2 2026 guidance at -0.830--0.580 EPS. FY 2026 guidance at 0.800-1.360 EPS. Equities research analysts predict that The Lovesac Company will post 0.39 EPS for the current year.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen upgraded Lovesac from a "sell" rating to a "hold" rating in a report on Saturday, July 12th. Five research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company currently has an average rating of "Buy" and a consensus target price of $30.40.

Insider Activity

In other Lovesac news, Director Walter Field Mclallen bought 1,950 shares of the business's stock in a transaction on Friday, June 20th. The shares were acquired at an average price of $18.08 per share, with a total value of $35,256.00. Following the transaction, the director owned 40,000 shares of the company's stock, valued at approximately $723,200. This trade represents a 5.12% increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 12.46% of the company's stock.

Lovesac 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.