The Lovesac Company $LOVE Shares Sold by Goldman Sachs Group Inc.

Key Points

• Goldman Sachs Group Inc. reduced its stake in The Lovesac Company by 21.4%, selling 20,982 shares during the first quarter, now holding 77,202 shares valued at approximately $1.4 million.
• Analysts maintain a generally positive outlook on Lovesac, with the stock receiving an average rating of "Buy" and a consensus price target of $30.00.
• The Lovesac Company reported earnings that exceeded analyst expectations, posting a net margin of 1.87% and revenue of $160.53 million for the most recent quarter.

Goldman Sachs Group Inc. cut its holdings in The Lovesac Company (NASDAQ:LOVE - Free Report) by 21.4% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 77,202 shares of the company's stock after selling 20,982 shares during the quarter. Goldman Sachs Group Inc. owned approximately 0.53% of Lovesac worth $1,404,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the business. Heck Capital Advisors LLC bought a new stake in Lovesac in the 4th quarter valued at $26,000. Quarry LP lifted its stake in shares of Lovesac by 396.3% in the first quarter. Quarry LP now owns 3,052 shares of the company's stock worth $55,000 after acquiring an additional 2,437 shares during the period. GAMMA Investing LLC increased its holdings in 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 purchasing an additional 12,479 shares in the last quarter. Two Sigma Advisers LP bought a new stake in shares of Lovesac during the fourth quarter valued at approximately $265,000. Finally, Point72 Asset Management L.P. bought a new position in Lovesac during the 4th quarter valued at $313,000. 91.32% of the stock is currently owned by institutional investors and hedge funds.

Lovesac Trading Down 2.2%

NASDAQ:LOVE traded down $0.40 during trading hours on Friday, hitting $17.86. 599,576 shares of the stock were exchanged, compared to its average volume of 479,477. The company has a market cap of $260.93 million, a P/E ratio of 28.35, a P/E/G ratio of 0.85 and a beta of 2.35. The firm's fifty day moving average price is $18.71 and its 200 day moving average price is $18.61. The Lovesac Company has a 52-week low of $12.12 and a 52-week high of $39.49.

Lovesac (NASDAQ:LOVE - Get Free Report) last announced its earnings results on Thursday, September 11th. The company reported ($0.45) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.72) by $0.27. The company had revenue of $160.53 million for the quarter, compared to analyst estimates of $160.42 million. Lovesac had a return on equity of 6.35% and a net margin of 1.87%.The firm's quarterly revenue was up 2.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned ($0.38) earnings per share. Lovesac has set its Q3 2026 guidance at -0.830--0.51 EPS. FY 2026 guidance at 0.520-1.05 EPS. Equities analysts expect that The Lovesac Company will post 0.39 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on LOVE. Maxim Group lowered their price target on Lovesac from $38.00 to $33.00 and set a "buy" rating on the stock in a report on Friday, September 12th. Canaccord Genuity Group restated a "buy" rating and set a $30.00 price target on shares of Lovesac in a research report on Friday, September 12th. Wall Street Zen raised Lovesac from a "sell" rating to a "hold" rating in a report on Saturday, July 12th. Finally, DA Davidson reiterated a "buy" rating and set a $24.00 price objective on shares of Lovesac in a research report on Tuesday, September 9th. Five equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, Lovesac currently has an average rating of "Buy" and a consensus price target of $30.00.

About Lovesac

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.