Goldman Sachs Group Inc. Trims Stake in The Lovesac Company $LOVE

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. lowered its position in shares of The Lovesac Company (NASDAQ:LOVE - Free Report) by 21.4% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 77,202 shares of the company's stock after selling 20,982 shares during the period. Goldman Sachs Group Inc. owned about 0.53% of Lovesac worth $1,404,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in LOVE. SG Americas Securities LLC lifted its stake in Lovesac by 1,165.7% during the first quarter. SG Americas Securities LLC now owns 304,586 shares of the company's stock worth $5,537,000 after purchasing an additional 280,522 shares during the last quarter. Millennium Management LLC lifted its stake in Lovesac by 344.8% during the first quarter. Millennium Management LLC now owns 302,291 shares of the company's stock worth $5,496,000 after purchasing an additional 234,324 shares during the last quarter. Pacer Advisors Inc. bought a new stake in Lovesac during the first quarter worth about $2,390,000. Invenomic Capital Management LP bought a new stake in Lovesac during the first quarter worth about $2,143,000. Finally, Trexquant Investment LP lifted its stake in Lovesac by 249.1% during the first quarter. Trexquant Investment LP now owns 152,734 shares of the company's stock worth $2,777,000 after purchasing an additional 108,987 shares during the last quarter. Institutional investors own 91.32% of the company's stock.

Lovesac Price Performance

NASDAQ:LOVE traded down $0.04 during mid-day trading on Tuesday, reaching $17.85. 60,948 shares of the company's stock traded hands, compared to its average volume of 417,461. The Lovesac Company has a 12-month low of $12.12 and a 12-month high of $39.49. The firm has a market capitalization of $260.79 million, a price-to-earnings ratio of 28.33, a PEG ratio of 0.85 and a beta of 2.35. The company has a 50 day moving average price of $18.71 and a 200-day moving average price of $18.62.

Lovesac (NASDAQ:LOVE - Get Free Report) last announced its quarterly 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. Lovesac had a return on equity of 6.35% and a net margin of 1.87%.The company had revenue of $160.53 million for the quarter, compared to the consensus estimate of $160.42 million. During the same quarter in the previous year, the business earned ($0.38) EPS. Lovesac's revenue was up 2.5% compared to the same quarter last year. Lovesac has set its Q3 2026 guidance at -0.830--0.51 EPS. FY 2026 guidance at 0.520-1.05 EPS. As a group, analysts forecast that The Lovesac Company will post 0.39 EPS for the current year.

Analyst Upgrades and Downgrades

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

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.