The Lovesac (NASDAQ:LOVE) had its price objective hoisted by Craig Hallum from $85.00 to $110.00 in a research report report published on Thursday, The Fly reports. They currently have a buy rating on the stock.
A number of other brokerages have also commented on LOVE. Stifel Nicolaus upped their price objective on The Lovesac from $75.00 to $105.00 and gave the company a buy rating in a report on Thursday. Zacks Investment Research lowered The Lovesac from a buy rating to a hold rating in a report on Tuesday, April 20th. Roth Capital increased their target price on The Lovesac from $85.00 to $95.00 and gave the stock a buy rating in a report on Tuesday. BTIG Research increased their target price on The Lovesac from $78.00 to $98.00 and gave the stock a buy rating in a report on Thursday. They noted that the move was a valuation call. Finally, Oppenheimer increased their target price on The Lovesac from $60.00 to $85.00 and gave the stock an outperform rating in a report on Tuesday, April 20th. One equities research analyst has rated the stock with a hold rating and seven have given a buy rating to the company. The stock presently has a consensus rating of Buy and a consensus price target of $96.38.
Shares of NASDAQ LOVE opened at $87.40 on Thursday. The firm has a fifty day moving average price of $73.96. The Lovesac has a one year low of $18.88 and a one year high of $95.51. The firm has a market cap of $1.31 billion, a price-to-earnings ratio of 100.46, a price-to-earnings-growth ratio of 5.99 and a beta of 2.49.
In related news, CEO Shawn David Nelson sold 6,000 shares of the company’s stock in a transaction on Monday, April 19th. The stock was sold at an average price of $69.00, for a total transaction of $414,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 31.31% of the company’s stock.
Hedge funds have recently made changes to their positions in the stock. Acadian Asset Management LLC bought a new stake in shares of The Lovesac during the 1st quarter worth $25,000. Point72 Hong Kong Ltd bought a new stake in shares of The Lovesac during the 1st quarter worth $25,000. Royal Bank of Canada lifted its position in shares of The Lovesac by 97.9% during the 1st quarter. Royal Bank of Canada now owns 651 shares of the company’s stock worth $37,000 after buying an additional 322 shares during the last quarter. Captrust Financial Advisors lifted its position in shares of The Lovesac by 37.4% during the 1st quarter. Captrust Financial Advisors now owns 892 shares of the company’s stock worth $50,000 after buying an additional 243 shares during the last quarter. Finally, SG Americas Securities LLC bought a new stake in shares of The Lovesac during the 1st quarter worth $102,000. Institutional investors and hedge funds own 92.15% of the company’s stock.
The 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 accessories comprising drink holders, foot sac blankets, decorative pillows, fitted seat tables, and ottomans. As of January 31, 2021, the Company operated 108 showrooms.
Featured Story: Stop Order Uses For Individual Investors
Receive News & Ratings for The Lovesac Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for The Lovesac and related companies with MarketBeat.com's FREE daily email newsletter.