Walter Field Mclallen Purchases 4,000 Shares of The Lovesac Company (NASDAQ:LOVE) Stock

The Lovesac Company (NASDAQ:LOVE) Director Walter Field Mclallen bought 4,000 shares of the business’s stock in a transaction on Friday, December 20th. The shares were purchased at an average cost of $24.68 per share, with a total value of $98,720.00. Following the transaction, the director now owns 23,540 shares in the company, valued at approximately $580,967.20. The trade was a 20.47 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available at the SEC website.

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

• On Monday, December 23rd, Walter Field Mclallen acquired 1,000 shares of Lovesac stock. The shares were purchased at an average cost of $23.80 per share, for a total transaction of $23,800.00.

Lovesac Price Performance

LOVE stock opened at $24.88 on Wednesday. The Lovesac Company has a fifty-two week low of $18.21 and a fifty-two week high of $39.49. The stock has a market capitalization of $383.97 million, a price-to-earnings ratio of 73.18, a PEG ratio of 1.49 and a beta of 2.97. The business’s fifty day moving average price is $31.43 and its two-hundred day moving average price is $27.15.

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

Wall Street Analysts Forecast Growth

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of LOVE. Rhumbline Advisers boosted its position in Lovesac by 12.4% during the 2nd quarter. Rhumbline Advisers now owns 22,199 shares of the company’s stock worth $501,000 after buying an additional 2,449 shares during the period. Quest Partners LLC raised its stake in shares of Lovesac by 797.6% during the second quarter. Quest Partners LLC now owns 8,572 shares of the company’s stock valued at $194,000 after acquiring an additional 7,617 shares during the last quarter. American Century Companies Inc. lifted its holdings in shares of Lovesac by 78.6% during the second 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 period. Meeder Asset Management Inc. bought a new stake in shares of Lovesac in the second quarter worth $43,000. Finally, Dimensional Fund Advisors LP increased its holdings in Lovesac by 3.5% in the second quarter. Dimensional Fund Advisors LP now owns 795,011 shares of the company’s stock valued at $17,951,000 after purchasing an additional 26,872 shares during the period. Institutional investors own 91.32% of the company’s stock.

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.