The Lovesac Company (NASDAQ:LOVE) Director Walter Field Mclallen Buys 4,000 Shares

The Lovesac Company (NASDAQ:LOVE - Get Free Report) Director Walter Field Mclallen bought 4,000 shares of the firm's stock in a transaction on Friday, December 20th. The stock was acquired at an average cost of $24.68 per share, with a total value of $98,720.00. Following the completion of the transaction, the director now directly owns 23,540 shares of the company's stock, valued at approximately $580,967.20. This represents a 20.47 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Walter Field Mclallen also recently made the following trade(s):

• On Monday, December 23rd, Walter Field Mclallen purchased 1,000 shares of Lovesac stock. The stock was bought at an average cost of $23.80 per share, with a total value of $23,800.00.

Lovesac Stock Performance

NASDAQ:LOVE traded down $0.05 during trading hours on Monday, hitting $23.88. The stock had a trading volume of 252,578 shares, compared to its average volume of 309,785. The business's 50 day moving average is $31.49 and its 200-day moving average is $27.16. The company has a market cap of $368.54 million, a price-to-earnings ratio of 46.82, a P/E/G ratio of 0.99 and a beta of 2.97. The Lovesac Company has a one year low of $18.21 and a one year high of $39.49.

Lovesac (NASDAQ:LOVE - Get Free Report) last released its quarterly earnings results on Thursday, December 12th. The company reported ($0.32) EPS for the quarter, topping analysts' consensus estimates of ($0.34) by $0.02. Lovesac had a return on equity of 4.83% and a net margin of 1.41%. The company had revenue of $149.90 million for the quarter, compared to analyst estimates of $155.26 million. During the same quarter last year, the firm posted ($0.15) earnings per share. Lovesac's revenue was down 2.7% compared to the same quarter last year. On average, sell-side analysts anticipate that The Lovesac Company will post 1.09 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on LOVE shares. Canaccord Genuity Group upped their price target on shares of Lovesac from $36.00 to $45.00 and gave the company a "buy" rating in a report on Monday, December 2nd. Roth Mkm lifted their price target on Lovesac from $35.00 to $42.00 and gave the stock a "buy" rating in a research report on Tuesday, December 10th. DA Davidson lowered their price objective on shares of Lovesac from $44.00 to $35.00 and set a "buy" rating on the stock in a research note on Friday, December 13th. Finally, Craig Hallum upped their target price on shares of Lovesac from $30.00 to $35.00 and gave the company a "buy" rating in a research note on Friday, September 13th. Six analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company currently has an average rating of "Buy" and an average target price of $38.33.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the company. Meeder Asset Management Inc. acquired a new stake in shares of Lovesac in the 2nd quarter valued at approximately $43,000. SG Americas Securities LLC acquired a new stake in Lovesac during the third quarter worth approximately $170,000. Quest Partners LLC lifted 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 last quarter. Franklin Resources Inc. bought a new stake in shares of Lovesac during the third quarter worth approximately $231,000. Finally, Valeo Financial Advisors LLC acquired a new position in shares of Lovesac in the third quarter valued at approximately $242,000. 91.32% of the stock is currently owned by institutional investors.

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.