Lovesac (NASDAQ:LOVE – Free Report) had its price objective hoisted by Craig Hallum from $30.00 to $35.00 in a research report sent to investors on Friday morning, Benzinga reports. They currently have a buy rating on the stock.
Several other research firms have also recently commented on LOVE. Canaccord Genuity Group reissued a buy rating and issued a $36.00 price target on shares of Lovesac in a report on Friday, June 14th. Roth Mkm upped their target price on shares of Lovesac from $30.00 to $31.00 and gave the company a buy rating in a report on Friday. DA Davidson increased their price objective on shares of Lovesac from $24.00 to $32.00 and gave the stock a buy rating in a report on Friday, June 14th. Finally, Maxim Group increased their price target on Lovesac from $36.00 to $38.00 and gave the company a buy rating in a report on Monday, June 17th. Six analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company has a consensus rating of Buy and an average target price of $34.50.
Read Our Latest Report on LOVE
Lovesac Trading Up 0.4 %
Insider Transactions at Lovesac
In other Lovesac news, CEO Shawn David Nelson sold 18,988 shares of Lovesac stock in a transaction on Thursday, June 20th. The stock was sold at an average price of $23.33, for a total transaction of $442,990.04. Following the sale, the chief executive officer now owns 165,855 shares of the company’s stock, valued at approximately $3,869,397.15. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 12.33% of the company’s stock.
Institutional Inflows and Outflows
Several hedge funds have recently added to or reduced their stakes in LOVE. Halter Ferguson Financial Inc. acquired a new stake in Lovesac in the fourth quarter valued at approximately $5,160,000. Marshall Wace LLP acquired a new position in Lovesac in the second quarter worth $4,328,000. American Century Companies Inc. grew its stake 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 valued at $6,584,000 after purchasing an additional 128,285 shares during the last quarter. Anson Funds Management LP bought a new stake in Lovesac during the 1st quarter worth about $1,742,000. Finally, Hood River Capital Management LLC lifted its stake in shares of Lovesac by 8.8% in the 2nd quarter. Hood River Capital Management LLC now owns 774,015 shares of the company’s stock valued at $17,477,000 after purchasing an additional 62,615 shares during the period. Institutional investors and hedge funds 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.
See Also
- Five stocks we like better than Lovesac
- Using the MarketBeat Stock Split Calculator
- Palo Alto Analysts Drive it to New Highs: 50% Upside Is Possible
- What is the FTSE 100 index?
- Roblox’s Growth Beyond Kids: Stock Set for Major Moves
- Do ETFs Pay Dividends? What You Need to Know
- 5 Oversold Stocks to Buy Right Now
Receive News & Ratings for Lovesac Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lovesac and related companies with MarketBeat.com's FREE daily email newsletter.