The Lovesac Company (NASDAQ:LOVE) Given Consensus Rating of "Moderate Buy" by Analysts

Key Points

• "Moderate Buy" consensus from five analysts (four buys, one sell) with an average 12‑month price target of $22.67.
• CEO Shawn David Nelson bought 1,477 shares at $16.95, increasing his stake to 202,681 shares; corporate insiders now own 12.46% of the company.
• Quarterly results beat estimates—$2.19 EPS vs. $2.00 expected and $248.05M revenue vs. $242.77M—with a market cap of ~$230M and a P/E of 53.66.

Shares of The Lovesac Company (NASDAQ:LOVE - Get Free Report) have received an average recommendation of "Moderate Buy" from the five analysts that are covering the company, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation and four have issued a buy recommendation on the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $22.6667.

LOVE has been the subject of a number of analyst reports. Roth Mkm restated a "buy" rating on shares of Lovesac in a research note on Friday, March 27th. Wall Street Zen upgraded shares of Lovesac from a "sell" rating to a "hold" rating in a report on Saturday, April 4th. Finally, Weiss Ratings reissued a "sell (d)" rating on shares of Lovesac in a research report on Friday, March 27th.

Insider Buying and Selling

In other Lovesac news, CEO Shawn David Nelson bought 1,477 shares of Lovesac stock in a transaction on Thursday, April 16th. The stock was acquired at an average price of $16.95 per share, with a total value of $25,035.15. Following the acquisition, the chief executive officer owned 202,681 shares in the company, valued at approximately $3,435,442.95. This trade represents a 0.73% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 12.46% of the company's stock.

Institutional Investors Weigh In On Lovesac

Several institutional investors have recently modified their holdings of LOVE. BNP Paribas Financial Markets increased its holdings in Lovesac by 130.4% in the 2nd quarter. BNP Paribas Financial Markets now owns 1,938 shares of the company's stock worth $35,000 after buying an additional 1,097 shares in the last quarter. Meeder Asset Management Inc. lifted its stake in Lovesac by 147.9% during the 3rd quarter. Meeder Asset Management Inc. now owns 5,357 shares of the company's stock valued at $91,000 after acquiring an additional 3,196 shares during the period. Ancora Advisors LLC purchased a new stake in shares of Lovesac during the 3rd quarter valued at about $146,000. XTX Topco Ltd bought a new stake in shares of Lovesac in the fourth quarter worth approximately $149,000. Finally, PFG Investments LLC bought a new stake in shares of Lovesac in the fourth quarter worth approximately $156,000. 91.32% of the stock is owned by hedge funds and other institutional investors.

Lovesac Trading Up 0.9%

Lovesac stock opened at $15.56 on Wednesday. Lovesac has a 12 month low of $10.33 and a 12 month high of $21.90. The company has a market capitalization of $229.98 million, a price-to-earnings ratio of 53.66, a price-to-earnings-growth ratio of 0.75 and a beta of 2.04. The business's fifty day simple moving average is $13.84 and its two-hundred day simple moving average is $13.96.

Lovesac (NASDAQ:LOVE - Get Free Report) last issued its quarterly earnings results on Thursday, March 26th. The company reported $2.19 earnings per share for the quarter, beating the consensus estimate of $2.00 by $0.19. The firm had revenue of $248.05 million during the quarter, compared to the consensus estimate of $242.77 million. Lovesac had a return on equity of 2.02% and a net margin of 0.58%.The company's revenue was up 2.7% on a year-over-year basis. During the same period last year, the company earned $2.13 earnings per share. On average, equities research analysts predict that Lovesac will post 0.59 EPS for the current year.

About Lovesac

Lovesac, trading on NASDAQ under the symbol LOVE, is an American furniture company known for its modular seating systems and distinctive foam-filled “Sacs.” Founded in 1995 by Shawn Nelson, the company has built a reputation for innovative design that emphasizes comfort, durability and adaptability. Its core offerings include Sactionals—customizable sectional sofas assembled from individual “Sactional” cubes—and the original Lovesac Sacs, large fabric-covered bean bag chairs available in a variety of sizes and materials.

In addition to seating solutions, Lovesac has expanded into home entertainment products with the introduction of the Stage, a modular soundbar system designed to integrate seamlessly with Sactionals.

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