The Lovesac Company (NASDAQ:LOVE) Receives $38.33 Consensus Target Price from Analysts

Shares of The Lovesac Company (NASDAQ:LOVE) have earned a consensus recommendation of “Buy” from the six research firms that are currently covering the stock, MarketBeat reports. Six equities research analysts have rated the stock with a buy rating. The average 1-year target price among analysts that have covered the stock in the last year is $38.33.

Several analysts have recently weighed in on LOVE shares. Roth Mkm upped their target price on Lovesac from $35.00 to $42.00 and gave the company a “buy” rating in a research report on Tuesday, December 10th. Canaccord Genuity Group boosted their price objective on Lovesac from $36.00 to $45.00 and gave the company a “buy” rating in a research note on Monday, December 2nd. DA Davidson lowered their target price on shares of Lovesac from $44.00 to $35.00 and set a “buy” rating on the stock in a research report on Friday, December 13th. Finally, Craig Hallum upped their price target on shares of Lovesac from $30.00 to $35.00 and gave the company a “buy” rating in a research report on Friday, September 13th.

Insider Activity

In other Lovesac news, Director Walter Field Mclallen bought 4,000 shares of the company’s stock in a transaction on Friday, December 20th. The shares were bought at an average price of $24.68 per share, for a total transaction 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 transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Albert Jack Krause sold 10,000 shares of the stock in a transaction that occurred on Thursday, October 3rd. The stock was sold at an average price of $26.22, for a total value of $262,200.00. Following the transaction, the director now directly owns 177,849 shares of the company’s stock, valued at approximately $4,663,200.78. This trade represents a 5.32 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 12.33% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Jane Street Group LLC boosted its position in shares of Lovesac by 74.4% during the 3rd quarter. Jane Street Group LLC now owns 80,776 shares of the company’s stock worth $2,314,000 after purchasing an additional 34,451 shares in the last quarter. Millrace Asset Group Inc. boosted its holdings in Lovesac by 63.0% during the third quarter. Millrace Asset Group Inc. now owns 68,503 shares of the company’s stock worth $1,963,000 after buying an additional 26,481 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in Lovesac by 3.5% during the second quarter. Dimensional Fund Advisors LP now owns 795,011 shares of the company’s stock worth $17,951,000 after buying an additional 26,872 shares in the last quarter. Anson Funds Management LP grew its position in Lovesac by 13.9% during the third quarter. Anson Funds Management LP now owns 814,363 shares of the company’s stock worth $23,332,000 after buying an additional 99,651 shares during the period. Finally, Hood River Capital Management LLC increased its holdings in Lovesac by 8.8% in the second quarter. Hood River Capital Management LLC now owns 774,015 shares of the company’s stock valued at $17,477,000 after buying an additional 62,615 shares in the last quarter. Institutional investors and hedge funds own 91.32% of the company’s stock.

Lovesac Stock Down 0.0 %

Shares of LOVE opened at $24.87 on Friday. Lovesac has a 52-week low of $18.21 and a 52-week high of $39.49. The stock has a 50 day moving average price of $31.26 and a 200 day moving average price of $27.12. The company has a market capitalization of $383.82 million, a price-to-earnings ratio of 73.15, a price-to-earnings-growth ratio of 1.49 and a beta of 2.97.

Lovesac (NASDAQ:LOVE) last posted its earnings results on Thursday, December 12th. The company reported ($0.32) EPS for the quarter, beating analysts’ consensus estimates of ($0.34) by $0.02. Lovesac had a net margin of 1.04% and a return on equity of 3.46%. The firm had revenue of $149.90 million for the quarter, compared to the consensus estimate of $155.26 million. During the same period last year, the firm posted ($0.15) EPS. The company’s revenue was down 2.7% on a year-over-year basis. On average, equities analysts anticipate that Lovesac will post 0.5 EPS for the current fiscal 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.