In a report issued on January 15, Brian Nagel from Oppenheimer maintained a Buy rating on The Lovesac Company (LOVE), with a price target of $60.00. The company’s shares closed last Monday at $57.01.
According to TipRanks.com, Nagel is a top 25 analyst with an average return of 37.2% and a 79.4% success rate. Nagel covers the Consumer Goods sector, focusing on stocks such as Dick’s Sporting Goods, Lululemon Athletica, and Lumber Liquidators.
Currently, the analyst consensus on The Lovesac Company is a Strong Buy with an average price target of $58.00, a 2.7% upside from current levels. In a report issued on January 4, Canaccord Genuity also maintained a Buy rating on the stock with a $60.00 price target.
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The company has a one-year high of $56.39 and a one-year low of $4.00. Currently, The Lovesac Company has an average volume of 357.6K.
Based on the recent corporate insider activity of 35 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.
