Director Albert Krause executed a sale of 10,000 shares of The Lovesac Co (LOVE, Financial) on October 3, 2024, as reported in a recent SEC Filing. Following this transaction, the insider now owns 177,849 shares of the company.
The Lovesac Co specializes in designing and manufacturing alternative furniture including sectional couches known as Sactionals, and premium foam beanbag chairs called Sacs. The company focuses on environmentally conscious products with a commitment to craftsmanship and comfort.
Over the past year, Albert Krause has sold a total of 10,000 shares and has not made any purchases. The insider transaction history for The Lovesac Co shows an equal number of insider buys and sells over the past year, with 4 of each.
Shares of The Lovesac Co were priced at $26.22 on the day of the transaction. The company has a market cap of approximately $396.28 million. The price-earnings ratio stands at 46.31, significantly above both the industry median of 20.235 and the company's historical median.
According to the GF Value, The Lovesac Co has a price-to-GF-Value ratio of 0.94, indicating the stock is Fairly Valued. The GF Value is calculated based on historical trading multiples, a GuruFocus adjustment factor, and future business performance estimates.
This recent sale by the insider may be of interest to current and potential investors, providing insight into insider confidence and perspectives on the company's valuation and future prospects.
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.
