The Lovesac Company (NASDAQ:LOVE) Director Walter Field Mclallen Acquires 1,950 Shares

The Lovesac Company (NASDAQ:LOVE - Get Free Report) Director Walter Field Mclallen bought 1,950 shares of the firm's stock in a transaction dated Friday, June 20th. The shares were acquired at an average cost of $18.08 per share, with a total value of $35,256.00. Following the completion of the transaction, the director now owns 40,000 shares of the company's stock, valued at $723,200. This represents a 5.12% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this link.

Lovesac Stock Down 0.5%

LOVE stock traded down $0.09 during trading on Thursday, reaching $18.39. The stock had a trading volume of 227,403 shares, compared to its average volume of 386,950. The Lovesac Company has a one year low of $12.12 and a one year high of $39.49. The company's 50 day moving average is $19.48 and its two-hundred day moving average is $21.12. The company has a market capitalization of $267.57 million, a price-to-earnings ratio of 26.27, a P/E/G ratio of 0.59 and a beta of 2.30.

Lovesac (NASDAQ:LOVE - Get Free Report) last issued its quarterly earnings data on Thursday, June 12th. The company reported ($0.73) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.81) by $0.08. Lovesac had a net margin of 1.99% and a return on equity of 6.70%. The business had revenue of $138.37 million during the quarter, compared to the consensus estimate of $137.20 million. During the same period in the prior year, the firm posted ($0.83) EPS. The firm's quarterly revenue was up 4.4% compared to the same quarter last year. As a group, research analysts predict that The Lovesac Company will post 0.39 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Lovesac

A number of institutional investors have recently added to or reduced their stakes in LOVE. Heck Capital Advisors LLC bought a new position in shares of Lovesac during the 4th quarter valued at approximately $26,000. Cubist Systematic Strategies LLC bought a new position in shares of Lovesac during the 4th quarter valued at approximately $49,000. AlphaQuest LLC bought a new position in shares of Lovesac during the 4th quarter valued at approximately $70,000. Quarry LP grew its position in shares of Lovesac by 396.3% during the 1st quarter. Quarry LP now owns 3,052 shares of the company's stock valued at $55,000 after acquiring an additional 2,437 shares during the period. Finally, MetLife Investment Management LLC grew its position in shares of Lovesac by 18.3% during the 4th quarter. MetLife Investment Management LLC now owns 9,233 shares of the company's stock valued at $218,000 after acquiring an additional 1,425 shares during the period. 91.32% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have recently commented on LOVE shares. Roth Mkm boosted their target price on shares of Lovesac from $22.00 to $28.00 and gave the stock a "buy" rating in a research report on Friday, April 11th. Oppenheimer reissued an "outperform" rating and set a $35.00 target price on shares of Lovesac in a research report on Friday, April 11th. Canaccord Genuity Group decreased their target price on shares of Lovesac from $45.00 to $30.00 and set a "buy" rating for the company in a research report on Friday, April 11th. Finally, DA Davidson decreased their target price on shares of Lovesac from $35.00 to $24.00 and set a "buy" rating for the company in a research report on Friday, April 11th. Five analysts have rated the stock with a buy rating, According to data from MarketBeat, Lovesac currently has an average rating of "Buy" and a consensus price target of $30.40.

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.