On December 23, 2024, Walter Mclallen, a Director at The Lovesac Co (LOVE, Financial), purchased 5,000 shares of the company, according to a SEC Filing. Following this transaction, the insider now owns a total of 24,540 shares in the company.
The Lovesac Co is a furniture retailer known for its modular furniture systems, including the Sactionals and Sacs, which are designed to be adaptable and customizable to fit various living spaces. The company emphasizes sustainability and innovation in its product offerings.
The insider transaction history for The Lovesac Co indicates that there have been four insider buys and three insider sells over the past year. This recent purchase by Walter Mclallen is part of the insider buying trend observed in the company.
On the day of the purchase, shares of The Lovesac Co were trading at $24.50 each, giving the stock a market cap of $368.537 million. The company's price-earnings ratio stands at 62.84, which is higher than the industry median of 18.7 and also higher than the company's historical median price-earnings ratio.
With a trading price of $24.50 and a GuruFocus Value of $26.86, The Lovesac Co has a price-to-GF-Value ratio of 0.91, indicating that the stock is modestly undervalued based on its GF Value. The GF Value is an intrinsic value estimate developed by GuruFocus, calculated using historical multiples, a GuruFocus adjustment factor, and future business performance estimates from Morningstar analysts.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
