Lovesac appoints Alan Boehme to its Board of Directors to enhance digital transformation and growth strategies.
Quiver AI Summary
The Lovesac Company has appointed Alan Boehme to its Board of Directors as of August 27, 2025. Chairman Andrew Heyer expressed excitement about Boehme's extensive experience in digital transformation and technology-driven growth, which aligns with Lovesac's goals. Boehme is a veteran leader with over 30 years in consumer goods and retail, having held significant positions at major brands like H&M, Procter & Gamble, and Coca-Cola, where he spearheaded technology innovations. Currently, he leads Technology Transformation Group Inc., advising various organizations on technology strategy and efficiency. Lovesac, based in Stamford, Connecticut, is known for its innovative, high-quality furniture, including Sactionals, and emphasizes sustainability and adaptability in its products.
Potential Positives
- Alan Boehme's appointment to the Board of Directors is a significant addition, bringing over three decades of experience in technology and retail, which aligns with Lovesac's growth objectives.
- Mr. Boehme's expertise in digital transformation and operational efficiency is expected to drive further innovation and efficiency within the company.
- The recognition of Lovesac as a recipient of the Champions of Sustainability Award underscores the company's commitment to responsible production and aligns with growing consumer demand for sustainable products.
Potential Negatives
- Appointment of a new board member may indicate existing leadership gaps or weaknesses in expertise that needed to be addressed.
- Heavy reliance on technology and digital transformation could pose risks if the company struggles to adapt to changing technological landscapes.
FAQ
Who is Alan Boehme?
Alan Boehme is a seasoned technology and business leader with over 30 years of experience in retail and consumer goods.
What is Alan Boehme's role at Lovesac?
Alan Boehme has been appointed to the Board of Directors of The Lovesac Company effective August 27, 2025.
What experience does Alan Boehme bring?
He has significant experience in digital transformation, operational excellence, and retail technology from leading brands like H&M Group and Procter & Gamble.
What products does The Lovesac Company offer?
The company offers modular couches, beanbag chairs, immersive home theater systems, and a unique sofa seating solution called EverCouch.
How does Lovesac prioritize design and sustainability?
Lovesac focuses on responsible production and innovation, earning awards for sustainability, with products designed to evolve with customers' lives.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$LOVE Insider Trading Activity
$LOVE insiders have traded $LOVE stock on the open market 5 times in the past 6 months. Of those trades, 5 have been purchases and 0 have been sales.
Here’s a breakdown of recent trading of $LOVE stock by insiders over the last 6 months:
- WALTER FIELD MCLALLEN has made 5 purchases buying 3,950 shares for an estimated $70,666 and 0 sales.
To track insider transactions, check out Quiver Quantitative's insider trading dashboard.
$LOVE Hedge Fund Activity
We have seen 67 institutional investors add shares of $LOVE stock to their portfolio, and 77 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- JANUS HENDERSON GROUP PLC removed 573,945 shares (-100.0%) from their portfolio in Q2 2025, for an estimated $10,445,799
- FMR LLC added 373,526 shares (+56.0%) to their portfolio in Q2 2025, for an estimated $6,798,173
- NOMURA HOLDINGS INC added 342,110 shares (+758.0%) to their portfolio in Q2 2025, for an estimated $6,226,402
- VOYA INVESTMENT MANAGEMENT LLC removed 310,805 shares (-100.0%) from their portfolio in Q1 2025, for an estimated $5,650,434
- SG AMERICAS SECURITIES, LLC removed 304,586 shares (-100.0%) from their portfolio in Q2 2025, for an estimated $5,543,465
- FEDERATED HERMES, INC. removed 255,000 shares (-100.0%) from their portfolio in Q2 2025, for an estimated $4,641,000
- MILLENNIUM MANAGEMENT LLC removed 253,627 shares (-83.9%) from their portfolio in Q2 2025, for an estimated $4,616,011
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
$LOVE Analyst Ratings
Wall Street analysts have issued reports on $LOVE in the last several months. We have seen 4 firms issue buy ratings on the stock, and 0 firms issue sell ratings.
Here are some recent analyst ratings:
- Oppenheimer issued a "Outperform" rating on 04/11/2025
- Roth MKM issued a "Buy" rating on 04/11/2025
- DA Davidson issued a "Buy" rating on 04/11/2025
- Canaccord Genuity issued a "Buy" rating on 04/11/2025
To track analyst ratings and price targets for $LOVE, check out Quiver Quantitative's $LOVE forecast page.
$LOVE Price Targets
Multiple analysts have issued price targets for $LOVE recently. We have seen 4 analysts offer price targets for $LOVE in the last 6 months, with a median target of $29.0.
Here are some recent targets:
- Brian Nagel from Oppenheimer set a target price of $35.0 on 04/11/2025
- Matt Koranda from Roth MKM set a target price of $28.0 on 04/11/2025
- Tom Forte from DA Davidson set a target price of $24.0 on 04/11/2025
- Maria Ripps from Canaccord Genuity set a target price of $30.0 on 04/11/2025
Full Release
STAMFORD, Conn., Aug. 27, 2025 (GLOBE NEWSWIRE) -- The Lovesac Company (Nasdaq: LOVE) ("Lovesac" or the "Company"), the Designed for Life home and technology brand best known for its Sactionals, The World's Most Adaptable Couch, today announced that Alan Boehme has been appointed to the Board of Directors, effective August 27, 2025.
Andrew Heyer, Chairman of the Board of Directors, stated, "We are thrilled to welcome Alan to our Board. His exceptional track record of driving digital transformation, operational excellence, and technology-enabled growth makes him an invaluable addition to Lovesac. His deep expertise in retail technology and omnichannel expansion perfectly aligns with our innovative model and long-term growth objectives."
Mr. Boehme is a seasoned global technology and business leader with over three decades of experience in consumer goods, retail, and manufacturing. He has served as CIO, CTO, and innovation chief for some of the world’s most recognized brands, including H&M Group, Procter & Gamble, and The Coca-Cola Company, where he led large-scale technology transformations, delivered significant cost efficiencies, and pioneered consumer engagement through advanced technologies.
Mr. Boehme currently serves as Founder & President of Technology Transformation Group Inc., advising public and private companies, private equity firms, and high-growth startups on enterprise technology strategy, operational efficiency, and innovation commercialization. As a founding board member of the Cloud Security Alliance and a strategic advisor to multiple high-profile technology companies, Mr. Boehme brings deep expertise in AI, cybersecurity, retail technology, and digital transformation.
About The Lovesac Company
Based in Stamford, Connecticut, The Lovesac Company (NASDAQ: LOVE) is a technology driven company that designs, manufactures and sells unique, high-quality furniture derived through its proprietary Designed for Life approach which results in products that are built to last a lifetime and designed to evolve as customers' lives do. The current product offering is comprised of modular couches called Sactionals, the Sactionals Reclining seat, premium foam beanbag chairs called Sacs, the PillowSac™ Chair, an immersive surround sound home theater system called StealthTech, and an innovative sofa seating solution called EverCouch™. As a recipient of Repreve's 8th Annual Champions of Sustainability Award and Edison Awards' 38th Annual Best New Product Awards for Sustainable Consumer Products, responsible production and innovation are at the center of the brand's design philosophy with products protected by a robust portfolio of utility and design patents. Products are marketed and sold primarily online directly at www.lovesac.com , supported by a physical retail presence in the form of Lovesac branded showrooms, as well as through shop-in-shops and pop-up-shops with third party retailers. LOVESAC, CITYSAC, DESIGNED FOR LIFE, SACTIONALS, SAC, STEALTHTECH, and THE WORLD'S MOST ADAPTABLE COUCH are trademarks of The Lovesac Company and are Registered in the U.S. Patent and Trademark Office.
Investor Relations Contacts:
Caitlin Churchill, ICR
(203) 682-8200
[email protected]
