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

The Lovesac Company (NASDAQ:LOVE) has been given an average recommendation of “Buy” by the six brokerages that are presently covering the stock, MarketBeat Ratings reports. Six investment analysts have rated the stock with a buy rating. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $38.33.

A number of equities analysts have commented on LOVE shares. DA Davidson reiterated a “buy” rating and issued a $35.00 target price on shares of Lovesac in a report on Tuesday, March 25th. Roth Mkm increased their target price on shares of Lovesac from $35.00 to $42.00 and gave the company a “buy” rating in a research report on Tuesday, December 10th.

Lovesac Trading Down 6.4 %

LOVE opened at $14.43 on Tuesday. Lovesac has a 12 month low of $13.43 and a 12 month high of $39.49. The stock has a fifty day moving average price of $20.34 and a 200-day moving average price of $25.91. The firm has a market cap of $222.70 million, a price-to-earnings ratio of 42.44, a PEG ratio of 0.65 and a beta of 3.08.

Insider Activity at Lovesac

In other news, Director Albert Jack Krause sold 30,000 shares of the business’s stock in a transaction on Friday, January 17th. The shares were sold at an average price of $26.33, for a total transaction of $789,900.00. Following the sale, the director now directly owns 147,849 shares of the company’s stock, valued at $3,892,864.17. The trade was a 16.87 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 12.33% of the stock is currently owned by insiders.

Institutional Trading of Lovesac

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Heck Capital Advisors LLC purchased a new position in shares of Lovesac in the fourth quarter worth about $26,000. Cubist Systematic Strategies LLC acquired a new position in Lovesac in the 4th quarter worth approximately $49,000. AlphaQuest LLC purchased a new position in Lovesac during the 4th quarter worth approximately $70,000. MetLife Investment Management LLC lifted its stake in Lovesac by 18.3% during the 4th quarter. MetLife Investment Management LLC now owns 9,233 shares of the company’s stock valued at $218,000 after acquiring an additional 1,425 shares during the period. Finally, Franklin Resources Inc. purchased a new stake in shares of Lovesac in the 3rd quarter valued at $231,000. Institutional investors and hedge funds own 91.32% of the company’s stock.

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.