Lovesac Company (NASDAQ: LOVE) is -9.04% lower on its value in year-to-date trading and has touched a low of $14.18 and a high of $30.39 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The LOVE stock was last observed hovering at around $23.07 in the last trading session, with the day’s gains setting it 0.17%.
Currently trading at $23.24, the stock is -1.52% and -5.37% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.15 million and changing 0.74% at the moment leaves the stock -2.57% off its SMA200. LOVE registered 4.22% gain for a year compared to 6-month gain of 0.35%.
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The stock witnessed a -8.79% loss in the last 1 month and extending the period to 3 months gives it a -17.32%, and is -3.29% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 3.95% over the week and 4.58% over the month.
Lovesac Company (LOVE) has around 1991 employees, a market worth around $361.38M and $691.72M in sales. Current P/E ratio is 27.57 and Fwd P/E is 12.95. Profit margin for the company is 2.17%. Distance from 52-week low is 63.89% and -23.53% from its 52-week high. The company has generated returns on investments over the last 12 months (4.05%).
The EPS is expected to shrink by -15.40% this year.
Lovesac Company (LOVE) Top Institutional Holders
168.0 institutions hold shares in Lovesac Company (LOVE), with institutional investors hold 111.61% of the company’s shares. The shares outstanding are 15.49M, and float is at 13.97M with Short Float at 26.58%. Institutions hold 100.36% of the Float.
The top institutional shareholder in the company is FMR LLC with over 2.33 million shares valued at $52.67 million. The investor’s holdings represent 15.0123% of the LOVE Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 1.21 million shares valued at $$27.28 million to account for 7.7752 of the shares outstanding. The other top investors are VANGUARD GROUP INC which holds 0.85 million shares representing 5.4612% and valued at over $19.16 million, while DIMENSIONAL FUND ADVISORS LP holds 5.1166 of the shares totaling 0.8 million with a market value of $17.95 million.
Lovesac Company (LOVE) Insider Activity
The most recent transaction is an insider sale by Nelson Shawn David,the company’sChief Executive Officer. SEC filings show that Nelson Shawn David sold 18,988 shares of the company’s common stock on Jun 20 ’24 at a price of $23.33 per share for a total of $0.44 million. Following the sale, the insider now owns 0.17 million shares.
Lovesac Company disclosed in a document filed with the SEC on Jun 21 ’24 that Nelson Shawn David (Chief Executive Officer) sold a total of 4,873 shares of the company’s common stock. The trade occurred on Jun 21 ’24 and was made at $23.10 per share for $0.11 million. Following the transaction, the insider now directly holds 0.16 million shares of the LOVE stock.
Still, SEC filings show that on Apr 19 ’24, Siegner Keith R. (EVP and CFO) acquired 4,800 shares at an average price of $20.80 for $99864.0. The insider now directly holds 4,800 shares of Lovesac Company (LOVE).
