Maxim Group Has Lowered Expectations for Lovesac (NASDAQ:LOVE) Stock Price

Key Points

• Maxim Group has decreased its price target for Lovesac (NASDAQ:LOVE) from $38.00 to $33.00, indicating a potential upside of 92.42% from the previous close, while maintaining a "buy" rating on the stock.
• Other analysts have varied opinions; Wall Street Zen upgraded Lovesac to a "hold," while DA Davidson and Canaccord Genuity reaffirmed "buy" ratings with targets of $24.00 and $30.00, respectively.
• Lovesac recently reported earnings of ($0.45) per share for the quarter, exceeding analysts' expectations of ($0.72) and showing a slight revenue increase compared to the previous year.

Lovesac (NASDAQ:LOVE - Get Free Report) had its price objective decreased by equities researchers at Maxim Group from $38.00 to $33.00 in a research note issued on Friday,Benzinga reports. The brokerage currently has a "buy" rating on the stock. Maxim Group's price target indicates a potential upside of 92.42% from the company's previous close.

A number of other research firms have also weighed in on LOVE. Wall Street Zen upgraded Lovesac from a "sell" rating to a "hold" rating in a research note on Saturday, July 12th. DA Davidson reiterated a "buy" rating and issued a $24.00 target price on shares of Lovesac in a research note on Tuesday. Finally, Canaccord Genuity Group reiterated a "buy" rating and issued a $30.00 target price on shares of Lovesac in a research note on Friday. Six investment analysts have rated the stock with a Buy rating, According to MarketBeat, the stock has an average rating of "Buy" and an average price target of $30.83.

Lovesac Stock Performance

LOVE stock traded down $0.52 during midday trading on Friday, reaching $17.15. The company's stock had a trading volume of 178,117 shares, compared to its average volume of 415,047. The stock has a fifty day simple moving average of $18.82 and a two-hundred day simple moving average of $18.73. Lovesac has a 1 year low of $12.12 and a 1 year high of $39.49. The firm has a market capitalization of $249.53 million, a price-to-earnings ratio of 24.48, a PEG ratio of 0.66 and a beta of 2.35.

Lovesac (NASDAQ:LOVE - Get Free Report) last released its earnings results on Thursday, September 11th. The company reported ($0.45) earnings per share for the quarter, topping analysts' consensus estimates of ($0.72) by $0.27. Lovesac had a return on equity of 6.70% and a net margin of 1.99%.The business had revenue of $160.53 million for the quarter, compared to analyst estimates of $160.42 million. During the same quarter last year, the firm posted ($0.38) earnings per share. The business's revenue was up 2.5% compared to the same quarter last year. 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, analysts forecast that Lovesac will post 0.39 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, Director Walter Field Mclallen acquired 1,950 shares of the company's stock in a transaction that occurred on Friday, June 20th. The shares were bought at an average price of $18.08 per share, with a total value of $35,256.00. Following the completion of the transaction, the director directly owned 40,000 shares in the company, valued at $723,200. This trade represents a 5.12% increase in their ownership of the stock. The acquisition 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.

Institutional Investors Weigh In On Lovesac

A number of institutional investors have recently added to or reduced their stakes in the stock. SummerHaven Investment Management LLC boosted its position in Lovesac by 1.7% during the first quarter. SummerHaven Investment Management LLC now owns 33,949 shares of the company's stock valued at $617,000 after purchasing an additional 562 shares in the last quarter. Fuller & Thaler Asset Management Inc. boosted 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 purchasing an additional 800 shares in the last quarter. Heck Capital Advisors LLC bought a new stake in Lovesac during the fourth quarter valued at about $26,000. BNP Paribas Financial Markets boosted its position in Lovesac by 130.4% during the second quarter. BNP Paribas Financial Markets now owns 1,938 shares of the company's stock valued at $35,000 after purchasing an additional 1,097 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD boosted its position in Lovesac by 13.2% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 11,462 shares of the company's stock valued at $272,000 after purchasing an additional 1,333 shares in the last quarter. Institutional investors 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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