Oppenheimer analyst Brian Nagel maintained a Buy rating on The Lovesac Company (LOVE – Research Report) on January 18 and set a price target of $60.00. The company’s shares opened today at $23.08.
Nagel covers the Consumer Cyclical sector, focusing on stocks such as CarMax, Home Depot, and Lowe’s. According to TipRanks, Nagel has an average return of 21.3% and a 66.60% success rate on recommended stocks.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for The Lovesac Company with a $43.25 average price target.
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The company has a one-year high of $30.94 and a one-year low of $14.18. Currently, The Lovesac Company has an average volume of 381K.
Based on the recent corporate insider activity of 28 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of LOVE in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
The Lovesac Company (LOVE) Company Description:
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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