Analysts Set The Lovesac Company (NASDAQ:LOVE) PT at $38.33

Shares of The Lovesac Company (NASDAQ:LOVE) have earned an average rating of “Buy” from the six research firms that are covering the company, MarketBeat.com reports. Six 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 $38.33.

LOVE has been the topic of a number of research analyst reports. Roth Mkm boosted their price objective on shares of Lovesac from $35.00 to $42.00 and gave the company a “buy” rating in a report on Tuesday, December 10th. Canaccord Genuity Group boosted their target price on shares of Lovesac from $36.00 to $45.00 and gave the company a “buy” rating in a research report on Monday, December 2nd. Finally, DA Davidson decreased their target price on shares of Lovesac from $44.00 to $35.00 and set a “buy” rating for the company in a research report on Friday, December 13th.

Insider Activity at Lovesac

In other Lovesac news, Director Albert Jack Krause sold 30,000 shares of the company’s stock in a transaction dated Friday, January 17th. The shares were sold at an average price of $26.33, for a total value of $789,900.00. Following the completion of the transaction, the director now owns 147,849 shares in the company, valued at approximately $3,892,864.17. This represents a 16.87 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Walter Field Mclallen acquired 4,000 shares of the firm’s stock in a transaction on Friday, December 20th. The stock was purchased at an average price of $24.68 per share, with a total value of $98,720.00. Following the transaction, the director now owns 23,540 shares of the company’s stock, valued at approximately $580,967.20. This trade represents a 20.47 % increase in their position. The disclosure for this purchase can be found here. 12.33% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Landscape Capital Management L.L.C. raised its position in shares of Lovesac by 603.9% in the fourth quarter. Landscape Capital Management L.L.C. now owns 84,867 shares of the company’s stock worth $2,008,000 after acquiring an additional 72,810 shares during the period. Trexquant Investment LP raised its position in shares of Lovesac by 122.9% during the 4th quarter. Trexquant Investment LP now owns 43,747 shares of the company’s stock worth $1,035,000 after purchasing an additional 24,121 shares during the last quarter. Geode Capital Management LLC raised its position in shares of Lovesac by 1.3% during the 4th quarter. Geode Capital Management LLC now owns 340,440 shares of the company’s stock worth $8,057,000 after purchasing an additional 4,230 shares during the last quarter. Arrowstreet Capital Limited Partnership raised its position in shares of Lovesac by 9.6% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 279,682 shares of the company’s stock worth $6,617,000 after purchasing an additional 24,559 shares during the last quarter. Finally, American Century Companies Inc. raised its position in shares of Lovesac by 15.0% during the 4th quarter. American Century Companies Inc. now owns 436,790 shares of the company’s stock worth $10,334,000 after purchasing an additional 56,989 shares during the last quarter. Institutional investors and hedge funds own 91.32% of the company’s stock.

Lovesac Price Performance

Shares of LOVE opened at $22.43 on Monday. The firm has a market capitalization of $346.09 million, a PE ratio of 65.97, a price-to-earnings-growth ratio of 0.65 and a beta of 3.02. Lovesac has a 1-year low of $18.21 and a 1-year high of $39.49. The company’s fifty day moving average price is $26.22 and its 200-day moving average price is $27.16.

Lovesac (NASDAQ:LOVE) last announced its quarterly earnings data on Thursday, December 12th. The company reported ($0.32) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.34) by $0.02. The firm had revenue of $149.90 million for the quarter, compared to analyst estimates of $155.26 million. Lovesac had a net margin of 1.04% and a return on equity of 3.51%. The business’s quarterly revenue was down 2.7% compared to the same quarter last year. During the same period in the previous year, the company earned ($0.15) earnings per share. As a group, research analysts anticipate that Lovesac will post 0.39 EPS for the current fiscal year.

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.