The Lovesac Company (LOVE) Received its Third Buy in a Row

After D.A. Davidson and BTIG gave The Lovesac Company (NASDAQ: LOVE) a Buy rating last month, the company received another Buy, this time from Oppenheimer. Analyst Brian Nagel assigned a Buy rating to The Lovesac Company today and set a price target of $60.00. The company’s shares closed last Wednesday at $61.00.

According to, Nagel is a top 25 analyst with an average return of 39.9% and a 79.6% success rate. Nagel covers the Consumer Goods sector, focusing on stocks such as Dick’s Sporting Goods, Lululemon Athletica, and Advance Auto Parts.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for The Lovesac Company with a $70.75 average price target, implying a 7.9% upside from current levels. In a report issued on April 7, D.A. Davidson also reiterated a Buy rating on the stock.

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The Lovesac Company’s market cap is currently $1.05B and has a P/E ratio of -576.40. The company has a Price to Book ratio of 12.14.

Based on the recent corporate insider activity of 37 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of LOVE in relation to earlier this year.

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The Lovesac Co. is a technology driven, omni-channel company. It designs, manufactures, and sells furniture comprised of modular couches called sactionals and foam beanbag chairs called sacs. Its products include sactionals, sacs, and accessories. The company was founded by Shawn David Nelson in 1995 and is headquartered in Stamford, CT.

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