Lovesac (NASDAQ:LOVE) Receives “Buy” Rating from DA Davidson

DA Davidson reaffirmed their buy rating on shares of Lovesac (NASDAQ:LOVE) in a research report sent to investors on Tuesday morning, Marketbeat Ratings reports. DA Davidson currently has a $24.00 price objective on the stock.

Separately, Wall Street Zen raised shares of Lovesac from a “sell” rating to a “hold” rating in a report on Saturday, July 12th. Five analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of $30.40.

Lovesac Stock Performance

Shares of NASDAQ:LOVE opened at $19.30 on Tuesday. The firm has a market cap of $280.80 million, a PE ratio of 27.57, a price-to-earnings-growth ratio of 0.62 and a beta of 2.35. The firm’s 50 day simple moving average is $18.83 and its 200-day simple moving average is $18.74. Lovesac has a one year low of $12.12 and a one year high of $39.49.

Lovesac (NASDAQ:LOVE) last issued its earnings results on Thursday, June 12th. The company reported ($0.73) EPS for the quarter, topping analysts’ consensus estimates of ($0.81) by $0.08. The business had revenue of $138.37 million for the quarter, compared to analyst estimates of $137.20 million. Lovesac had a net margin of 1.99% and a return on equity of 6.70%. The company’s quarterly revenue was up 4.4% compared to the same quarter last year. During the same period last year, the company 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. Equities research analysts predict that Lovesac will post 0.39 EPS for the current fiscal year.

Insider Transactions at Lovesac

In other Lovesac news, Director Walter Field Mclallen acquired 1,950 shares of the business’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 acquisition, the director directly owned 40,000 shares in the company, valued at $723,200. This represents a 5.12% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 12.46% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Lovesac

Several institutional investors have recently bought and sold shares of the company. Senvest Management LLC boosted its stake in Lovesac by 0.8% in the second quarter. Senvest Management LLC now owns 1,282,634 shares of the company’s stock valued at $23,344,000 after acquiring an additional 10,000 shares in the last quarter. Hood River Capital Management LLC boosted its stake in Lovesac by 17.4% in the second quarter. Hood River Capital Management LLC now owns 989,117 shares of the company’s stock valued at $18,002,000 after acquiring an additional 146,911 shares in the last quarter. Anson Funds Management LP boosted its stake in Lovesac by 1.4% in the first quarter. Anson Funds Management LP now owns 932,261 shares of the company’s stock valued at $16,949,000 after acquiring an additional 13,032 shares in the last quarter. AWM Investment Company Inc. boosted its stake in Lovesac by 7.2% in the second quarter. AWM Investment Company Inc. now owns 730,960 shares of the company’s stock valued at $13,303,000 after acquiring an additional 49,219 shares in the last quarter. Finally, American Century Companies Inc. boosted its stake in Lovesac by 10.5% in the first quarter. American Century Companies Inc. now owns 482,587 shares of the company’s stock valued at $8,773,000 after acquiring an additional 45,797 shares in the last quarter. 91.32% of the stock is currently owned by institutional investors and hedge funds.

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.