AWM Investment Company Inc. Buys Shares of 610,402 The Lovesac Company $LOVE

Key Points

• AWM Investment Company purchased 610,402 Lovesac shares worth approximately $10.2 million, giving it a 4.17% stake. Institutional investors collectively own 91.32% of the company.
• Lovesac reported a quarterly loss of $0.76 per share, beating estimates of a $1.03 loss, while revenue of $138.2 million slightly exceeded expectations but declined 0.1% year over year.
• Analyst sentiment is mostly positive, with four Buy ratings and one Sell rating, producing a “Moderate Buy” consensus and an average price target of $22.67 versus the stock’s reported $15.92 price.

AWM Investment Company Inc. purchased a new position in The Lovesac Company (NASDAQ:LOVE - Free Report) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 610,402 shares of the company's stock, valued at approximately $10,188,000. AWM Investment Company Inc. owned about 4.17% of Lovesac at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Legal & General Group Plc purchased a new stake in Lovesac during the 2nd quarter valued at about $25,000. BNP Paribas Financial Markets raised its position in Lovesac by 130.4% during the 2nd quarter. BNP Paribas Financial Markets now owns 1,938 shares of the company's stock worth $35,000 after buying an additional 1,097 shares during the last quarter. Ancora Advisors LLC purchased a new position in Lovesac during the 3rd quarter worth approximately $146,000. XTX Topco Ltd acquired a new stake in Lovesac during the 4th quarter valued at approximately $149,000. Finally, Hsbc Holdings PLC acquired a new stake in Lovesac during the 2nd quarter valued at approximately $178,000. Hedge funds and other institutional investors own 91.32% of the company's stock.

Lovesac Stock Performance

Lovesac stock opened at $15.92 on Wednesday. The company's 50 day simple moving average is $16.81 and its 200-day simple moving average is $15.25. The Lovesac Company has a 1 year low of $10.33 and a 1 year high of $20.88. The company has a market capitalization of $233.07 million, a price-to-earnings ratio of 61.23, a price-to-earnings-growth ratio of 0.90 and a beta of 2.02.

Lovesac (NASDAQ:LOVE - Get Free Report) last announced its earnings results on Thursday, June 11th. The company reported ($0.76) EPS for the quarter, beating analysts' consensus estimates of ($1.03) by $0.27. The company had revenue of $138.20 million during the quarter, compared to analysts' expectations of $136.66 million. Lovesac had a return on equity of 1.88% and a net margin of 0.55%.Lovesac's revenue for the quarter was down .1% on a year-over-year basis. During the same period last year, the business posted ($0.73) EPS. Lovesac has set its Q2 2027 guidance at 0.200-0.480 EPS and its FY 2027 guidance at 0.340-0.810 EPS. Equities analysts expect that The Lovesac Company will post 0.5 earnings per share for the current year.

Analyst Ratings Changes

LOVE has been the topic of several recent research reports. Weiss Ratings restated a "sell (d)" rating on shares of Lovesac in a research report on Wednesday, June 24th. Canaccord Genuity Group set a $22.00 target price on shares of Lovesac in a report on Thursday, June 11th. Finally, DA Davidson boosted their target price on shares of Lovesac from $18.00 to $20.00 and gave the company a "buy" rating in a research note on Friday, June 12th. Four investment analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $22.67.

Insider Activity

In related news, Director Andrew R. Heyer acquired 30,000 shares of Lovesac stock in a transaction dated Thursday, June 18th. The shares were acquired at an average cost of $14.68 per share, for a total transaction of $440,400.00. Following the completion of the purchase, the director owned 293,259 shares in the company, valued at approximately $4,305,042.12. The trade was a 11.40% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders acquired 33,550 shares of company stock valued at $490,146 in the last 90 days. 7.79% of the stock is currently owned by company insiders.

About Lovesac

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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