The Lovesac Company (NASDAQ:LOVE) Receives Consensus Rating of "Buy" from Brokerages

Key Points

• The Lovesac Company (NASDAQ:LOVE) has received a consensus recommendation of "Buy" from five research firms, with an average twelve-month price target of $30.40.
• The company reported a quarterly earnings per share of ($0.73), surpassing the consensus estimate of ($0.81), along with a revenue of $138.37 million, which exceeded the anticipated $137.20 million.
• Insider activity includes Director Walter Field Mclallen purchasing 1,950 shares at an average price of $18.08, increasing his ownership in the company significantly.

Shares of The Lovesac Company (NASDAQ:LOVE - Get Free Report) have been given a consensus recommendation of "Buy" by the five ratings firms that are covering the company, Marketbeat reports. Five investment analysts have rated the stock with a buy rating. The average 1-year price objective among analysts that have covered the stock in the last year is $30.40.

Separately, Wall Street Zen raised shares of Lovesac from a "sell" rating to a "hold" rating in a research report on Saturday, July 12th.

Lovesac Price Performance

Shares of NASDAQ:LOVE traded up $0.16 during midday trading on Friday, hitting $19.13. 422,067 shares of the company's stock were exchanged, compared to its average volume of 292,060. The stock has a 50 day moving average price of $18.73 and a 200-day moving average price of $18.89. The company has a market cap of $278.34 million, a PE ratio of 27.33, a price-to-earnings-growth ratio of 0.61 and a beta of 2.35. Lovesac has a 12 month low of $12.12 and a 12 month high of $39.49.

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

Insider Buying and Selling at Lovesac

In other news, Director Walter Field Mclallen purchased 1,950 shares of the company's stock in a transaction that occurred on Friday, June 20th. The shares were bought 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 directly owned 40,000 shares of the company's stock, valued at approximately $723,200. This trade represents a 5.12% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. 12.46% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in LOVE. Wells Fargo & Company MN lifted its position in shares of Lovesac by 24.8% during the fourth quarter. Wells Fargo & Company MN now owns 9,823 shares of the company's stock valued at $232,000 after purchasing an additional 1,950 shares in the last quarter. Barclays PLC lifted its position in shares of Lovesac by 10.6% during the fourth quarter. Barclays PLC now owns 22,472 shares of the company's stock valued at $531,000 after purchasing an additional 2,160 shares in the last quarter. MetLife Investment Management LLC lifted its position in shares of Lovesac by 18.3% during the fourth quarter. MetLife Investment Management LLC now owns 9,233 shares of the company's stock valued at $218,000 after purchasing an additional 1,425 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its position in shares of 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. Finally, Anson Funds Management LP increased its holdings in Lovesac by 12.9% during the fourth quarter. Anson Funds Management LP now owns 919,229 shares of the company's stock worth $21,749,000 after buying an additional 104,866 shares during the last quarter. 91.32% of the stock is owned by institutional investors.

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.