LoveSac (LOVE)

• Market cap: $369M
• 1 day: 2.18%
• 5 days: -9.08%
• 1 month: -27.62%
• 3 months: -8.38%
• 6 months: 2.84%
• Year to date: -9.12%
• 1 year: -8.17%
• 5 years: 78.98%
• 10 years: -0.25%
• Sector: Consumer Discretionary
• Industry: Furniture Stores

About: The Lovesac Co designs, manufactures and sells alternative furniture which is comprised of modular couches called sactionals and premium foam beanbag chairs called sacs. It also offers other accessories such as sactional-specific drink holders, Footsac blankets, decorative pillows, fitted seat tables, and ottomans. Its products are sold across the United States through its website or company-owned retail stores which are used in homes and offices. The majority of the firm's revenue is derived from the sale of Sactionals.

Employees: 1,991

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

86% more call options, than puts

Call options by funds: $5.74M | Put options by funds: $3.08M

57% more repeat investments, than reductions

Existing positions increased: 47 | Existing positions reduced: 30

50% more first-time investments, than exits

New positions opened: 27 | Existing positions closed: 18

32% more capital invested

Capital invested by funds: $341M [Q2] → $450M (+$109M) [Q3]

8% more funds holding

Funds holding: 114 [Q2] → 123 (+9) [Q3]

3.97% more ownership

Funds ownership: 97.01% [Q2] → 100.98% (+3.97%) [Q3]

100% less funds holding in top 10

Funds holding in top 10: 1 [Q2] → 0 (-1) [Q3]

Research analyst outlook

3 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $35 46% upside
• Avg. target: $41 70% upside
• High target: $45 88% upside

3 analyst ratings

• positive: 3 100%
• neutral: 0 0%
• negative: 0 0%

DA Davidson Tom Forte 50% 1-year accuracy 7 / 14 met price target	46% upside $35	Buy Maintained	13 Dec 2024
Roth MKM Matt Koranda 57% 1-year accuracy 16 / 28 met price target	76% upside $42	Buy Maintained	10 Dec 2024
Canaccord Genuity Maria Ripps 61% 1-year accuracy 17 / 28 met price target	88% upside $45	Buy Maintained	2 Dec 2024