Keith Siegner Purchases Shares of The Lovesac Company
The Lovesac Company's EVP and CFO, Keith Siegner, bought 5,071 shares.
Key Points
- Keith Siegner, EVP and CFO of The Lovesac Company, bought 5,071 shares on June 11, 2026.
- The Lovesac Company, trading near $16.12, has a market cap of $239.3 million and a P/E ratio of 65.4.
- Anson Funds Management LP increased its stake in The Lovesac Company by 113,321 shares, holding 1,183,986 shares worth about $17.5 million.
Keith Siegner, the Executive Vice President and Chief Financial Officer of The Lovesac Company, made a notable purchase of 5,071 shares on June 11, 2026. This insider buying activity did not involve any out-of-pocket cost, as the shares were acquired at a price of $0.00.
Insider Buying and Selling at The Lovesac Company
Several insiders at The Lovesac Company, including President Mary Fox and CEO Shawn David Nelson, were active in the market on June 11, 2026. Mary Fox acquired 9,616 shares, while Shawn David Nelson bought 9,616 shares as well. On the selling side, Keith Siegner sold 4,576 shares at $16.30 each, and Shawn David Nelson sold 8,483 shares at the same price.
Other Institutional Activity in The Lovesac Company
Anson Funds Management LP increased its holdings in The Lovesac Company by 113,321 shares, bringing its total to 1,183,986 shares valued at approximately $17.5 million. Meanwhile, FMR LLC added 521 shares, holding a total of 1,044,731 shares worth about $15.4 million. BlackRock, Inc. reduced its position by 5,142 shares to 1,042,581 shares, valued at roughly $15.4 million. Senvest Management, LLC significantly increased its stake by 275,252 shares, holding 1,025,393 shares valued at $15.1 million. Hood River Capital Management LLC decreased its holdings by 16,847 shares, ending with 970,897 shares worth approximately $14.3 million.
The Lovesac Company Stock Snapshot
Shares of NasdaqGM:LOVE traded near $16.12. The company has a market cap of $239.3 million and a P/E ratio of 65.4. Its forward P/E is 6.36, indicating expectations of future earnings growth. The stock has a 52-week range between $10.33 and $20.88, with a 50-day moving average of $15.92 and a 200-day moving average of $14.82. The company's current ratio is 1.55, and its quick ratio is 0.55, with a debt-to-equity ratio of 92.87.
Recent Earnings
For the most recent quarter, The Lovesac Company reported revenue of approximately $696.9 million, with a slight decline in revenue growth. The company's earnings per share (EPS) stood at $0.25, and it achieved a net margin of 0.55%. Return on equity (ROE) was 1.87%. The next earnings release is expected on September 10, 2026.
Analysts Set New Price Targets
On June 12, 2026, DA Davidson maintained its 'buy' rating on The Lovesac Company, setting a price target of $20. The consensus among analysts is a 'strong buy', with an average target price of $24.17 based on six analyst opinions.
About The Lovesac Company
The Lovesac Company, based in Stamford, Connecticut, designs and sells furniture, including modular couches and foam beanbags. It also offers home accessories like blankets and pillows. The company operates through its website, showrooms, and various retail formats across the United States. Lovesac was founded in 1995 and employs around 917 people.
Bottom Line
Keith Siegner's recent purchase of shares in The Lovesac Company highlights insider confidence in the business. Investors often track insider activity for potential insights into company performance. As always, it's important to remember that insider transactions are just one piece of the puzzle and should be considered alongside broader market and company-specific factors.
See Also
This instant news alert was generated by automated narrative technology and financial data from EarningsIQ and public regulatory filings. It is for informational purposes only and is not financial advice.