3 days Ago By ABMN Staff
The Lovesac Company ( NASDAQ:LOVE – Get Free Report ) has earned a consensus rating of “Buy” from the six ratings firms that are presently covering the company, Marketbeat Ratings reports. Six analysts have rated the stock with a buy recommendation. The average 1-year price target among analysts that have issued a report on the stock in the last year is $34.
50. Several research analysts recently weighed in on LOVE shares. Canaccord Genuity Group reaffirmed a “buy” rating and set a $36.
00 target price on shares of Lovesac in a research note on Friday. Roth Mkm boosted their target price on Lovesac from $30.00 to $31.
00 and gave the company a “buy” rating in a research note on Friday. Maxim Group upped their price target on Lovesac from $36.00 to $38.
00 and gave the stock a “buy” rating in a research note on Monday, June 17th. DA Davidson increased their target price on Lovesac from $24.00 to $32.
00 and gave the company a “buy” rating in a research note on Friday, June 14th. Finally, Craig Hallum increased their price target on shares of Lovesac from $30.00 to $35.
00 and gave the company a “buy” rating in a report on Friday. Read Our Latest Research Report on Lovesac Lovesac Trading Up 2.9 % Lovesac ( NASDAQ:LOVE – Get Free Report ) last posted its earnings results on Thursday, June 13th.
The company reported ($0.83) earnings per share for the quarter, beating the consensus estimate of ($0.99) by $0.
16. Lovesac had a net margin of 2.17% and a return on equity of 7.
55%. The business had revenue of $132.64 million for the quarter, compared to analyst estimates of $128.
20 million. On average, equities analysts predict that Lovesac will post 1.09 EPS for the current year.
Insider Buying and Selling In other Lovesac news, CEO Shawn David Nelson sold 18,988 shares of the firm’s stock in a transaction that occurred on Thursday, June 20th. The shares were sold at an average price of $23.33, for a total value of $442,990.
04. Following the sale, the chief executive officer now owns 165,855 shares in the company, valued at $3,869,397.15.
The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link . 12.33% of the stock is currently owned by company insiders.
Institutional Investors Weigh In On Lovesac Hedge funds and other institutional investors have recently made changes to their positions in the business. EntryPoint Capital LLC purchased a new position in shares of Lovesac in the first quarter valued at $39,000. Meeder Asset Management Inc.
bought a new stake in shares of Lovesac during the 2nd quarter valued at $43,000. Quest Partners LLC boosted its holdings in Lovesac by 797.6% in the second quarter.
Quest Partners LLC now owns 8,572 shares of the company’s stock worth $194,000 after acquiring an additional 7,617 shares in the last quarter. SG Americas Securities LLC boosted its stake in Lovesac by 106.1% during the 1st quarter.
SG Americas Securities LLC now owns 9,376 shares of the company’s stock valued at $212,000 after purchasing an additional 4,826 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD lifted its holdings in shares of Lovesac by 8.
2% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 9,633 shares of the company’s stock valued at $218,000 after buying an additional 726 shares during the period.
91.32% of the stock is owned by institutional investors. About Lovesac ( Get Free Report 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. Further Reading Receive News & Ratings for Lovesac Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lovesac and related companies with MarketBeat.com's FREE daily email newsletter .
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