Janney Montgomery Scott LLC Takes Position in The Lovesac Company $LOVE

Key Points

• Janney Montgomery Scott LLC acquired a new position in The Lovesac Company (NASDAQ:LOVE) during the 2nd quarter, purchasing 20,389 shares valued at approximately $371,000.
• The Lovesac Company reported a Q2 earnings per share of ($0.45), exceeding the consensus estimate of ($0.72), alongside revenue of $160.53 million, slightly above expectations.
• Analysts maintain a consensus rating of "Moderate Buy" for Lovesac, with a target price averaging $30.00, despite having mixed ratings from various brokerages.

Janney Montgomery Scott LLC acquired a new position in The Lovesac Company (NASDAQ:LOVE - Free Report) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 20,389 shares of the company's stock, valued at approximately $371,000. Janney Montgomery Scott LLC owned 0.14% of Lovesac at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Public Employees Retirement System of Ohio bought a new position in Lovesac in the 2nd quarter worth approximately $36,000. Quarry LP lifted its stake in Lovesac by 396.3% in the 1st quarter. Quarry LP now owns 3,052 shares of the company's stock worth $55,000 after purchasing an additional 2,437 shares in the last quarter. GAMMA Investing LLC lifted its stake in Lovesac by 12,234.3% in the 1st 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. AlphaQuest LLC raised its position in shares of Lovesac by 499.9% during the 1st quarter. AlphaQuest LLC now owns 17,859 shares of the company's stock valued at $325,000 after buying an additional 14,882 shares in the last quarter. Finally, Harbour Capital Advisors LLC purchased a new stake in shares of Lovesac during the 1st quarter valued at $327,000. 91.32% of the stock is owned by institutional investors.

Lovesac Stock Performance

Shares of Lovesac stock opened at $14.36 on Friday. The stock has a market capitalization of $209.80 million, a PE ratio of 22.79, a price-to-earnings-growth ratio of 0.68 and a beta of 2.38. The Lovesac Company has a 52-week low of $12.12 and a 52-week high of $39.49. The company has a 50-day simple moving average of $17.73 and a two-hundred day simple moving average of $18.43.

Lovesac (NASDAQ:LOVE - Get Free Report) last issued its earnings results on Thursday, September 11th. The company reported ($0.45) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.72) by $0.27. The business had revenue of $160.53 million during the quarter, compared to analysts' expectations of $160.42 million. Lovesac had a net margin of 1.87% and a return on equity of 6.35%. The business's revenue for the quarter was up 2.5% compared to the same quarter last year. During the same period 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. As a group, equities research analysts forecast that The Lovesac Company will post 0.39 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages recently commented on LOVE. Canaccord Genuity Group reiterated a "buy" rating and issued a $30.00 target price on shares of Lovesac in a research report on Friday, September 12th. Wall Street Zen upgraded shares of Lovesac from a "sell" rating to a "hold" rating in a report on Saturday, July 12th. DA Davidson restated a "buy" rating and issued a $24.00 price objective on shares of Lovesac in a report on Tuesday, September 9th. Maxim Group dropped their price objective on shares of Lovesac from $38.00 to $33.00 and set a "buy" rating on the stock in a research note on Friday, September 12th. Finally, Weiss Ratings reissued a "sell (d+)" rating on shares of Lovesac in a research note on Wednesday, October 8th. Five equities research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate 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.

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