Analysts Set The Lovesac Company (NASDAQ:LOVE) Price Target at $38.33

The Lovesac Company (NASDAQ:LOVE - Get Free Report) has been assigned a consensus rating of "Buy" from the six ratings firms that are presently covering the firm, Marketbeat Ratings reports. Six investment analysts have rated the stock with a buy rating. The average 1-year price target among brokers that have issued a report on the stock in the last year is $38.33.

Several analysts recently weighed in on LOVE shares. DA Davidson decreased their price target on Lovesac from $44.00 to $35.00 and set a "buy" rating on the stock in a report on Friday, December 13th. Canaccord Genuity Group increased their price target on Lovesac from $36.00 to $45.00 and gave the company a "buy" rating in a report on Monday, December 2nd. Finally, Roth Mkm increased their price target on Lovesac from $35.00 to $42.00 and gave the company a "buy" rating in a report on Tuesday, December 10th.

Insider Buying and Selling at Lovesac

In other Lovesac news, Director Albert Jack Krause sold 30,000 shares of the company's stock in a transaction on Friday, January 17th. The stock was sold at an average price of $26.33, for a total value of $789,900.00. Following the transaction, the director now owns 147,849 shares of the company's stock, valued at $3,892,864.17. This represents a 16.87 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Walter Field Mclallen purchased 4,000 shares of the company's stock in a transaction dated Friday, December 20th. The shares were purchased at an average cost of $24.68 per share, for a total transaction of $98,720.00. Following the transaction, the director now directly owns 23,540 shares in the company, valued at approximately $580,967.20. This represents a 20.47 % increase in their position. The disclosure for this purchase can be found here. 12.33% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Lovesac

A number of hedge funds and other institutional investors have recently made changes to their positions in LOVE. SG Americas Securities LLC bought a new position in shares of Lovesac during the 3rd quarter worth $170,000. Valeo Financial Advisors LLC bought a new position in shares of Lovesac during the 3rd quarter worth $242,000. International Assets Investment Management LLC grew its position in shares of Lovesac by 2,765.0% during the 3rd quarter. International Assets Investment Management LLC now owns 11,460 shares of the company's stock worth $328,000 after buying an additional 11,060 shares in the last quarter. Semanteon Capital Management LP bought a new stake in Lovesac during the third quarter valued at about $380,000. Finally, Roubaix Capital LLC bought a new stake in Lovesac during the third quarter valued at about $4,520,000. Institutional investors own 91.32% of the company's stock.

Lovesac Stock Performance

Shares of LOVE traded up $0.56 during mid-day trading on Monday, hitting $22.99. 244,661 shares of the stock were exchanged, compared to its average volume of 332,219. The company has a market cap of $354.74 million, a PE ratio of 67.62, a price-to-earnings-growth ratio of 0.65 and a beta of 3.02. Lovesac has a 52-week low of $18.21 and a 52-week high of $39.49. The firm has a 50-day moving average of $25.94 and a two-hundred day moving average of $27.13.

Lovesac (NASDAQ:LOVE - Get Free Report) last issued its quarterly earnings data on Thursday, December 12th. The company reported ($0.32) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.34) by $0.02. Lovesac had a return on equity of 3.51% and a net margin of 1.04%. The business had revenue of $149.90 million for the quarter, compared to analysts' expectations of $155.26 million. During the same period in the prior year, the firm earned ($0.15) EPS. The company's revenue for the quarter was down 2.7% on a year-over-year basis. On average, sell-side analysts predict that Lovesac will post 0.39 EPS for the current year.

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.