Lovesac (NASDAQ:LOVE) Price Target Raised to $35.00 at Roth Mkm

Lovesac (NASDAQ:LOVE - Free Report) had its price objective lifted by Roth Mkm from $31.00 to $35.00 in a report published on Tuesday morning,Benzinga reports. Roth Mkm currently has a buy rating on the stock.

A number of other research analysts also recently weighed in on LOVE. Craig Hallum lifted their price target on Lovesac from $30.00 to $35.00 and gave the company a "buy" rating in a report on Friday, September 13th. DA Davidson restated a "buy" rating and issued a $32.00 target price on shares of Lovesac in a report on Thursday, October 3rd. Finally, Canaccord Genuity Group reissued a "buy" rating and issued a $36.00 price target on shares of Lovesac in a research report on Friday, September 13th. Six investment analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock has an average rating of "Buy" and a consensus target price of $35.17.

Lovesac Stock Up 4.4 %

LOVE stock traded up $1.38 during trading on Tuesday, hitting $33.03. 201,752 shares of the company's stock traded hands, compared to its average volume of 285,791. The stock has a fifty day moving average price of $28.21 and a two-hundred day moving average price of $26.09. Lovesac has a 52 week low of $18.21 and a 52 week high of $33.11. The stock has a market capitalization of $513.95 million, a price-to-earnings ratio of 64.77, a price-to-earnings-growth ratio of 0.82 and a beta of 2.91.

Lovesac (NASDAQ:LOVE - Get Free Report) last released its quarterly earnings data on Thursday, September 12th. The company reported ($0.38) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.46) by $0.08. The business had revenue of $156.59 million during the quarter, compared to analyst estimates of $154.01 million. Lovesac had a return on equity of 4.83% and a net margin of 1.41%. As a group, equities research analysts expect that Lovesac will post 1.09 EPS for the current fiscal year.

Insider Activity at Lovesac

In related news, Director Albert Jack Krause sold 10,000 shares of Lovesac stock in a transaction dated Thursday, October 3rd. The stock was sold at an average price of $26.22, for a total value of $262,200.00. Following the completion of the sale, the director now directly owns 177,849 shares in the company, valued at $4,663,200.78. This trade represents a 5.32 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 12.33% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of LOVE. EntryPoint Capital LLC acquired a new position in shares of Lovesac in the first quarter valued at approximately $39,000. Meeder Asset Management Inc. bought a new position in shares of Lovesac during the 2nd quarter worth approximately $43,000. SG Americas Securities LLC acquired a new position in shares of Lovesac in the third quarter valued at $170,000. Quest Partners LLC increased its position in Lovesac by 797.6% during 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 during the period. Finally, Price T Rowe Associates Inc. MD grew its position 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 worth $218,000 after purchasing an additional 726 shares in the last quarter. Institutional investors own 91.32% of the company's stock.

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.