Nomura Holdings Inc. Acquires Shares of 45,135 The Lovesac Company $LOVE

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 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 45,135 shares of the company's stock, valued at approximately $821,000. Nomura Holdings Inc. owned about 0.30% of Lovesac as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of LOVE. Trexquant Investment LP raised its stake in Lovesac by 249.1% in the first quarter. Trexquant Investment LP now owns 152,734 shares of the company's stock valued at $2,777,000 after purchasing an additional 108,987 shares in the last quarter. Landscape Capital Management L.L.C. grew its holdings in shares of Lovesac by 73.0% in the first quarter. Landscape Capital Management L.L.C. now owns 146,817 shares of the company's stock worth $2,669,000 after purchasing an additional 61,950 shares during the last quarter. Anson Funds Management LP boosted its holdings in Lovesac by 1.4% in the first quarter. Anson Funds Management LP now owns 932,261 shares of the company's stock valued at $16,949,000 after acquiring an additional 13,032 shares in the last quarter. AlphaQuest LLC boosted its holdings in Lovesac by 499.9% in the first quarter. AlphaQuest LLC now owns 17,859 shares of the company's stock valued at $325,000 after acquiring an additional 14,882 shares in the last quarter. Finally, Fuller & Thaler Asset Management Inc. lifted its position in Lovesac by 3.9% during the first quarter. Fuller & Thaler Asset Management Inc. now owns 21,318 shares of the company's stock valued at $388,000 after buying an additional 800 shares during the period. 91.32% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Lovesac news, Director Walter Field Mclallen purchased 1,950 shares of the firm's stock in a transaction on Friday, June 20th. The stock was bought at an average cost of $18.08 per share, for a total transaction of $35,256.00. Following the completion of the purchase, the director owned 40,000 shares in the company, valued at $723,200. This represents a 5.12% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 12.46% of the stock is currently owned by insiders.

Analyst Ratings Changes

LOVE has been the subject of several recent analyst reports. DA Davidson reaffirmed a "buy" rating and issued a $24.00 price target on shares of Lovesac in a research report on Tuesday. Wall Street Zen upgraded Lovesac from a "sell" rating to a "hold" rating in a research note on Saturday, July 12th. Five analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company has a consensus rating of "Buy" and a consensus target price of $30.40.

Lovesac Stock Performance

Lovesac stock traded up $0.01 during mid-day trading on Tuesday, hitting $19.47. The company's stock had a trading volume of 61,409 shares, compared to its average volume of 404,328. The company has a 50 day moving average of $18.82 and a 200-day moving average of $18.74. The stock has a market cap of $283.23 million, a PE ratio of 27.71, a P/E/G ratio of 0.65 and a beta of 2.35. The Lovesac Company has a one year low of $12.12 and a one year high of $39.49.

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

Lovesac 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.