Dimensional Fund Advisors LP Lowers Stake in The Lovesac Company $LOVE

Key Points

• Dimensional Fund Advisors cut its Lovesac stake by 13.1% in the first quarter, selling 88,758 shares and retaining 587,699 shares worth approximately $8.68 million. Institutional investors and hedge funds collectively own 91.32% of the company.
• Analyst sentiment remains generally positive: four analysts rate LOVE a Buy and one rates it a Sell, producing a “Moderate Buy” consensus and an average price target of $22.67. Canaccord Genuity and DA Davidson set targets of $22 and $20, respectively.
• Director Andrew R. Heyer purchased 30,000 shares at an average price of $14.68, while Lovesac’s latest quarterly results beat expectations with an adjusted loss of $0.76 per share versus the estimated $1.03 loss and revenue of $138.2 million.

Dimensional Fund Advisors LP decreased its position in shares of The Lovesac Company (NASDAQ:LOVE - Free Report) by 13.1% during the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 587,699 shares of the company's stock after selling 88,758 shares during the period. Dimensional Fund Advisors LP owned 3.98% of Lovesac worth $8,680,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. 1492 Capital Management LLC purchased a new position in shares of Lovesac during the 1st quarter worth $1,206,000. Corient Private Wealth LLC boosted its holdings in shares of Lovesac by 139.5% during the fourth quarter. Corient Private Wealth LLC now owns 279,087 shares of the company's stock worth $4,117,000 after purchasing an additional 162,580 shares during the last quarter. Bastion Asset Management Inc. boosted its holdings in shares of Lovesac by 193.6% during the first quarter. Bastion Asset Management Inc. now owns 356,097 shares of the company's stock worth $5,290,000 after purchasing an additional 234,812 shares during the last quarter. Skylands Capital LLC grew its position in shares of Lovesac by 53.4% in the fourth quarter. Skylands Capital LLC now owns 291,397 shares of the company's stock valued at $4,298,000 after purchasing an additional 101,447 shares during the period. Finally, Isthmus Partners LLC grew its position in shares of Lovesac by 68.9% in the fourth quarter. Isthmus Partners LLC now owns 234,302 shares of the company's stock valued at $3,456,000 after purchasing an additional 95,592 shares during the period. Institutional investors and hedge funds own 91.32% of the company's stock.

Analysts Set New Price Targets

Several research firms recently weighed in on LOVE. Canaccord Genuity Group set a $22.00 target price on Lovesac in a research report on Thursday, June 11th. DA Davidson lifted their price target on Lovesac from $18.00 to $20.00 and gave the company a "buy" rating in a report on Friday, June 12th. Finally, Weiss Ratings reaffirmed a "sell (d)" rating on shares of Lovesac in a research note on Wednesday, June 24th. Four equities research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to MarketBeat, Lovesac presently has a consensus rating of "Moderate Buy" and an average target price of $22.67.

Insider Transactions at Lovesac

In other news, Director Andrew R. Heyer purchased 30,000 shares of the stock in a transaction on Thursday, June 18th. The stock was purchased at an average price of $14.68 per share, with a total value of $440,400.00. Following the completion of the transaction, 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 document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders bought a total of 33,550 shares of company stock worth $490,146 over the last ninety days. 7.79% of the stock is currently owned by insiders.

Lovesac Price Performance

Shares of LOVE opened at $17.82 on Monday. The firm has a market cap of $260.88 million, a PE ratio of 68.54, a price-to-earnings-growth ratio of 1.01 and a beta of 2.02. The company's fifty day moving average is $16.56 and its two-hundred day moving average is $15.00. The Lovesac Company has a fifty-two week low of $10.33 and a fifty-two week high of $20.88.

Lovesac (NASDAQ:LOVE - Get Free Report) last released its quarterly earnings data on Thursday, June 11th. The company reported ($0.76) EPS for the quarter, topping analysts' consensus estimates of ($1.03) by $0.27. The business had revenue of $138.20 million during the quarter, compared to the consensus estimate of $136.66 million. Lovesac had a return on equity of 1.88% and a net margin of 0.55%.The business's revenue for the quarter was down .1% on a year-over-year basis. During the same period in the prior year, the firm 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. As a group, equities research analysts anticipate that The Lovesac Company will post 0.5 earnings per share for the current year.

Lovesac Profile

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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