The Lovesac Company (NASDAQ:LOVE) Director Walter Field Mclallen Purchases 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 shares were purchased at an average cost of $23.80 per share, with a total value of $23,800.00. Following the transaction, the director now owns 24,540 shares of the company’s stock, valued at approximately $584,052. The trade was a 4.25 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

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

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

Lovesac Price Performance

Shares of NASDAQ LOVE traded down $0.05 during trading hours on Monday, hitting $23.88. 252,578 shares of the stock were exchanged, compared to its average volume of 309,785. The firm has a market capitalization of $368.54 million, a P/E 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. The company’s 50 day moving average is $31.56 and its 200 day moving average is $27.19.

Lovesac (NASDAQ:LOVE) last released its quarterly earnings results on Thursday, December 12th. The company reported ($0.32) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.34) by $0.02. The company had revenue of $149.90 million during the quarter, compared to analysts’ expectations of $155.26 million. Lovesac had a net margin of 1.41% and a return on equity of 4.83%. The business’s quarterly revenue was down 2.7% compared to the same quarter last year. During the same period in the prior year, the company earned ($0.15) earnings per share. Research analysts anticipate that The Lovesac Company will post 1.09 earnings per share for the current fiscal year.

Institutional Trading of Lovesac

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Senvest Management LLC boosted its position in shares of 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 acquiring an additional 302,643 shares during the period. Marshall Wace LLP acquired a new position in Lovesac during the 2nd quarter valued at $4,328,000. Roubaix Capital LLC acquired a new position in Lovesac during the 3rd quarter valued at $4,520,000. American Century Companies Inc. grew its position in Lovesac by 78.6% in the 2nd quarter. American Century Companies Inc. now owns 291,579 shares of the company’s stock worth $6,584,000 after purchasing an additional 128,285 shares during the last quarter. Finally, Anson Funds Management LP increased its holdings in shares of Lovesac by 13.9% during the 3rd quarter. Anson Funds Management LP now owns 814,363 shares of the company’s stock worth $23,332,000 after purchasing an additional 99,651 shares during the period. Institutional investors and hedge funds own 91.32% of the company’s stock.

Analyst Ratings Changes

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

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.