Insider Buying: Lovesac (NASDAQ:LOVE) CEO Buys 1,000 Shares of Stock

Key Points

• Shawn David Nelson, CEO of Lovesac, purchased 1,000 shares at an average price of $14.41, bringing his total ownership to 175,110 shares, valued at over $2.5 million.
• Lovesac's stock price rose 1.6% to $14.71, with a current market cap of $214.91 million and a price-to-earnings ratio of 23.35.
• The company reported a quarterly revenue of $160.53 million and an EPS of ($0.45), outperforming estimates and reflecting a 2.5% year-over-year increase.

The Lovesac Company (NASDAQ:LOVE - Get Free Report) CEO Shawn David Nelson bought 1,000 shares of Lovesac stock in a transaction that occurred on Tuesday, October 14th. The stock was purchased at an average price of $14.41 per share, for a total transaction of $14,410.00. Following the acquisition, the chief executive officer directly owned 175,110 shares of the company's stock, valued at $2,523,335.10. The trade was a 0.57% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Lovesac Trading Up 1.6%

Shares of LOVE traded up $0.23 during midday trading on Tuesday, reaching $14.71. 613,389 shares of the company were exchanged, compared to its average volume of 431,273. The stock has a 50-day moving average price of $18.00 and a 200-day moving average price of $18.52. The company has a market cap of $214.91 million, a price-to-earnings ratio of 23.35, a P/E/G ratio of 0.68 and a beta of 2.38. The Lovesac Company has a 1-year low of $12.12 and a 1-year high of $39.49.

Lovesac (NASDAQ:LOVE - Get Free Report) last issued its quarterly earnings data on Thursday, September 11th. The company reported ($0.45) EPS for the quarter, topping analysts' consensus estimates of ($0.72) by $0.27. The company had revenue of $160.53 million for the quarter, compared to analysts' expectations 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% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($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 research analysts anticipate that The Lovesac Company will post 0.39 earnings per share for the current year.

Wall Street Analyst Weigh In

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

Institutional Trading of Lovesac

Several institutional investors and hedge funds have recently bought and sold shares of the company. Senvest Management LLC raised its stake in Lovesac by 0.8% during the second quarter. Senvest Management LLC now owns 1,282,634 shares of the company's stock valued at $23,344,000 after buying an additional 10,000 shares in the last quarter. Hood River Capital Management LLC grew its holdings in shares of Lovesac by 17.4% during the second quarter. Hood River Capital Management LLC now owns 989,117 shares of the company's stock valued at $18,002,000 after purchasing an additional 146,911 shares during the last quarter. Anson Funds Management LP grew its holdings in shares of Lovesac by 1.4% during the first quarter. Anson Funds Management LP now owns 932,261 shares of the company's stock valued at $16,949,000 after purchasing an additional 13,032 shares during the last quarter. AWM Investment Company Inc. grew its holdings in shares of Lovesac by 7.2% during the second quarter. AWM Investment Company Inc. now owns 730,960 shares of the company's stock valued at $13,303,000 after purchasing an additional 49,219 shares during the last quarter. Finally, American Century Companies Inc. grew its holdings in shares of Lovesac by 10.5% during the first quarter. American Century Companies Inc. now owns 482,587 shares of the company's stock valued at $8,773,000 after purchasing an additional 45,797 shares during the last quarter. Institutional investors and hedge funds own 91.32% of the company's stock.

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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