LoveSacLOVE
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 Q2 SEC filings by fund managers ($100M+ AUM)
40% more call options, than puts
Call options by funds: $4.48M | Put options by funds: $3.21M
2.88% more ownership
Funds ownership: 93.45% [Q1] → 96.32% (+2.88%) [Q2]
3% more capital invested
Capital invested by funds: $327M [Q1] → $338M (+$11M) [Q2]
0% more funds holding in top 10
Funds holding in top 10: 1 [Q1] → 1 (+0) [Q2]
8% less repeat investments, than reductions
Existing positions increased: 34 | Existing positions reduced: 37
8% less funds holding
Funds holding: 124 [Q1] → 114 (-10) [Q2]
28% less first-time investments, than exits
New positions opened: 26 | Existing positions closed: 36
Research analyst outlook
4 Wall Street Analysts provided 1 year price targets over the past 3 months
4 analyst ratings
DA Davidson Tom Forte 38% 1-year accuracy 3 / 8 met price target | 9%upside $32 | Buy Maintained | 3 Oct 2024 |
Canaccord Genuity Maria Ripps 88% 1-year accuracy 14 / 16 met price target | 22%upside $36 | Buy Maintained | 13 Sept 2024 |
Craig-Hallum Alex Fuhrman 71% 1-year accuracy 5 / 7 met price target | 19%upside $35 | Buy Maintained | 13 Sept 2024 |
Roth MKM Matt Koranda 76% 1-year accuracy 19 / 25 met price target | 5%upside $31 | Buy Maintained | 13 Sept 2024 |