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

The Lovesac Company (NASDAQ:LOVE - Get Free Report) has earned an average rating of "Buy" from the five ratings firms that are covering the stock, MarketBeat reports. Five equities research analysts have rated the stock with a buy rating. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $30.40.

Several research firms recently commented on LOVE. DA Davidson cut their price target on Lovesac from $35.00 to $24.00 and set a "buy" rating on the stock in a research note on Friday, April 11th. Canaccord Genuity Group cut their price target on Lovesac from $45.00 to $30.00 and set a "buy" rating on the stock in a research note on Friday, April 11th. Oppenheimer reiterated an "outperform" rating and issued a $35.00 price target on shares of Lovesac in a research note on Friday, April 11th. Finally, Roth Mkm boosted their price target on Lovesac from $22.00 to $28.00 and gave the stock a "buy" rating in a research note on Friday, April 11th.

Institutional Trading of Lovesac

Institutional investors and hedge funds have recently bought and sold shares of the company. Heck Capital Advisors LLC acquired a new stake in Lovesac during the fourth quarter valued at approximately $26,000. Cubist Systematic Strategies LLC acquired a new stake in Lovesac during the fourth quarter valued at approximately $49,000. Quarry LP raised its stake in Lovesac by 396.3% during the first quarter. Quarry LP now owns 3,052 shares of the company's stock valued at $55,000 after buying an additional 2,437 shares in the last quarter. AlphaQuest LLC acquired a new stake in Lovesac during the fourth quarter valued at approximately $70,000. Finally, MetLife Investment Management LLC raised its stake in 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 buying an additional 1,425 shares in the last quarter. Institutional investors and hedge funds own 91.32% of the company's stock.

Lovesac Trading Up 3.2%

Shares of LOVE traded up $0.56 during midday trading on Friday, reaching $18.01. 434,753 shares of the company were exchanged, compared to its average volume of 384,947. The stock has a 50-day moving average price of $19.58 and a 200-day moving average price of $21.92. The company has a market cap of $262.05 million, a price-to-earnings ratio of 25.73, a P/E/G ratio of 0.56 and a beta of 2.30. Lovesac 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, June 12th. The company reported ($0.73) EPS for the quarter, topping analysts' consensus estimates of ($0.81) by $0.08. Lovesac had a return on equity of 6.70% and a net margin of 1.99%. The company had revenue of $138.37 million for the quarter, compared to analysts' expectations of $137.20 million. During the same quarter in the previous year, the firm posted ($0.83) earnings per share. The firm's quarterly revenue was up 4.4% on a year-over-year basis. Equities research analysts anticipate that Lovesac will post 0.39 earnings per share for the current year.

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.