45,135 Shares in The Lovesac Company $LOVE Acquired by Nomura Holdings Inc.

Key Points

• Nomura Holdings Inc. purchased 45,135 shares of The Lovesac Company, valued at approximately $821,000, during the first quarter, indicating increased institutional interest in the stock.
• Director Walter Field Mclallen acquired 1,950 shares at an average cost of $18.08 per share, boosting their position by 5.12% with a total ownership of approximately $723,200.
• Lovesac reported a quarterly revenue of $138.37 million and earnings per share (EPS) of ($0.73), slightly surpassing analysts' expectations, with forecasts for future EPS guidance available for the upcoming fiscal year.

Nomura Holdings Inc. acquired a new stake in shares of The Lovesac Company (NASDAQ:LOVE - Free Report) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 45,135 shares of the company's stock, valued at approximately $821,000. Nomura Holdings Inc. owned about 0.30% of Lovesac at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Heck Capital Advisors LLC bought a new position in Lovesac during the 4th quarter valued at about $26,000. Cubist Systematic Strategies LLC bought a new stake in Lovesac in the fourth quarter worth about $49,000. MetLife Investment Management LLC lifted its holdings in shares of Lovesac by 18.3% in the 4th quarter. MetLife Investment Management LLC now owns 9,233 shares of the company's stock worth $218,000 after buying an additional 1,425 shares during the period. GAMMA Investing LLC grew its stake in Lovesac by 12,234.3% in the first quarter. GAMMA Investing LLC now owns 12,581 shares of the company's stock valued at $229,000 after purchasing an additional 12,479 shares during the last quarter. Finally, Wells Fargo & Company MN grew its position in Lovesac by 24.8% during the 4th quarter. Wells Fargo & Company MN now owns 9,823 shares of the company's stock worth $232,000 after purchasing an additional 1,950 shares during the last quarter. Institutional investors own 91.32% of the company's stock.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen raised shares of 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 MarketBeat, Lovesac currently has a consensus rating of "Buy" and an average price target of $30.40.

Insider Activity

In related news, Director Walter Field Mclallen acquired 1,950 shares of the firm's stock in a transaction that occurred on Friday, June 20th. The stock was acquired at an average cost of $18.08 per share, for a total transaction of $35,256.00. Following the completion of the acquisition, the director directly owned 40,000 shares of the company's stock, valued at approximately $723,200. This trade represents a 5.12% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 12.46% of the company's stock.

Lovesac Trading Down 3.9%

LOVE stock traded down $0.79 during midday trading on Monday, reaching $19.62. The company had a trading volume of 181,322 shares, compared to its average volume of 405,761. The Lovesac Company has a 1 year low of $12.12 and a 1 year high of $39.49. The company has a market capitalization of $285.47 million, a P/E ratio of 28.11, a PEG ratio of 0.65 and a beta of 2.35. The company has a 50 day moving average of $18.79 and a two-hundred day moving average of $18.75.

Lovesac (NASDAQ:LOVE - Get Free Report) last posted its earnings results on Thursday, June 12th. The company reported ($0.73) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.81) by $0.08. The company had revenue of $138.37 million during the quarter, compared to analysts' expectations of $137.20 million. Lovesac had a net margin of 1.99% and a return on equity of 6.70%. Lovesac's quarterly revenue was up 4.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.83) earnings per share. Lovesac has set its Q2 2026 guidance at -0.830--0.580 EPS. FY 2026 guidance at 0.800-1.360 EPS. On average, sell-side analysts anticipate that The Lovesac Company will post 0.39 earnings per share for the current year.

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.