34,145 Shares in The Lovesac Company $LOVE Acquired by Nuveen LLC

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 The Lovesac Company (NASDAQ:LOVE - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 34,145 shares of the company's stock, valued at approximately $621,000. Nuveen LLC owned approximately 0.23% of Lovesac at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Heck Capital Advisors LLC purchased a new stake in shares of Lovesac in the fourth quarter valued at about $26,000. Cubist Systematic Strategies LLC purchased a new stake in shares of Lovesac in the fourth quarter valued at about $49,000. MetLife Investment Management LLC raised its holdings in shares of Lovesac by 18.3% in the fourth quarter. MetLife Investment Management LLC now owns 9,233 shares of the company's stock valued at $218,000 after buying an additional 1,425 shares during the last quarter. 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 valued at $229,000 after buying an additional 12,479 shares during the last quarter. Finally, Wells Fargo & Company MN raised its holdings in shares of Lovesac by 24.8% in the fourth quarter. Wells Fargo & Company MN now owns 9,823 shares of the company's stock valued at $232,000 after buying an additional 1,950 shares during the last quarter. Institutional investors and hedge funds own 91.32% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on LOVE shares. Wall Street Zen raised shares of Lovesac from a "sell" rating to a "hold" rating in a report on Saturday, July 12th. DA Davidson reaffirmed a "buy" rating and issued a $24.00 target price on shares of Lovesac in a report on Tuesday. Five equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Lovesac presently has an average rating of "Buy" and a consensus price target of $30.40.

Lovesac Stock Down 1.0%

NASDAQ LOVE traded down $0.19 during trading hours on Tuesday, hitting $19.28. 41,721 shares of the stock were exchanged, compared to its average volume of 404,259. The company has a market cap of $280.45 million, a price-to-earnings ratio of 27.54, a price-to-earnings-growth ratio of 0.65 and a beta of 2.35. The Lovesac Company has a 12-month low of $12.12 and a 12-month high of $39.49. The stock has a 50-day moving average of $18.82 and a 200 day moving average of $18.74.

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

Insider Buying and Selling at Lovesac

In other news, Director Walter Field Mclallen purchased 1,950 shares of the stock in a transaction that occurred on Friday, June 20th. The shares were acquired at an average price of $18.08 per share, for a total transaction of $35,256.00. Following the acquisition, the director directly owned 40,000 shares in the company, valued at approximately $723,200. The trade was a 5.12% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 12.46% of the stock is currently owned by corporate insiders.

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.