The Lovesac Company (NASDAQ:LOVE) Director Walter Field Mclallen Buys 1,000 Shares

The Lovesac Company (NASDAQ:LOVE) Director Walter Field Mclallen acquired 1,000 shares of Lovesac stock in a transaction that occurred on Monday, December 23rd. The stock was purchased at an average cost of $23.80 per share, for a total transaction of $23,800.00. Following the completion of the transaction, the director now directly owns 24,540 shares in the company, valued at $584,052. This trade represents a 4.25 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

• On Friday, December 20th, Walter Field Mclallen bought 4,000 shares of Lovesac stock. The shares were acquired at an average cost of $24.68 per share, for a total transaction of $98,720.00.

Lovesac Trading Down 0.2 %

Shares of LOVE stock opened at $23.88 on Tuesday. The Lovesac Company has a twelve month low of $18.21 and a twelve month high of $39.49. The stock has a fifty day simple moving average of $31.49 and a two-hundred day simple moving average of $27.16. The stock has a market capitalization of $371.57 million, a price-to-earnings ratio of 70.24, a P/E/G ratio of 1.49 and a beta of 2.97.

Lovesac (NASDAQ:LOVE) last issued its quarterly earnings data on Thursday, December 12th. The company reported ($0.32) EPS for the quarter, topping analysts’ consensus estimates of ($0.34) by $0.02. The company had revenue of $149.90 million during the quarter, compared to the consensus estimate of $155.26 million. Lovesac had a net margin of 1.04% and a return on equity of 3.46%. Lovesac’s revenue for the quarter was down 2.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.15) earnings per share. Research analysts predict that The Lovesac Company will post 0.5 EPS for the current fiscal year.

Institutional Investors Weigh In On Lovesac

A number of hedge funds have recently made changes to their positions in LOVE. Senvest Management LLC grew its stake in Lovesac by 47.3% in the third quarter. Senvest Management LLC now owns 943,022 shares of the company’s stock valued at $27,018,000 after purchasing an additional 302,643 shares during the last quarter. Anson Funds Management LP grew its position in shares of Lovesac by 13.9% in the 3rd quarter. Anson Funds Management LP now owns 814,363 shares of the company’s stock worth $23,332,000 after buying an additional 99,651 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Lovesac by 3.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 795,011 shares of the company’s stock worth $17,951,000 after acquiring an additional 26,872 shares in the last quarter. Hood River Capital Management LLC lifted its position in Lovesac by 8.8% during the second quarter. Hood River Capital Management LLC now owns 774,015 shares of the company’s stock valued at $17,477,000 after acquiring an additional 62,615 shares during the last quarter. Finally, Geode Capital Management LLC boosted its stake in Lovesac by 1.2% in the third quarter. Geode Capital Management LLC now owns 336,210 shares of the company’s stock valued at $9,634,000 after acquiring an additional 3,979 shares in the last quarter. 91.32% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

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.