The Lovesac Company (NASDAQ:LOVE - Free Report) - Research analysts at Roth Capital increased their Q1 2025 EPS estimates for shares of Lovesac in a research report issued to clients and investors on Tuesday, April 9th. Roth Capital analyst M. Koranda now forecasts that the company will post earnings per share of ($0.24) for the quarter, up from their prior forecast of ($0.36). The consensus estimate for Lovesac's current full-year earnings is $1.50 per share. Roth Capital also issued estimates for Lovesac's Q3 2025 earnings at ($0.11) EPS.
A number of other research firms have also issued reports on LOVE. Canaccord Genuity Group reduced their price target on shares of Lovesac from $44.00 to $36.00 and set a "buy" rating for the company in a research report on Friday. Roth Mkm reissued a "buy" rating and set a $34.00 price target on shares of Lovesac in a research report on Wednesday.
Check Out Our Latest Stock Report on LOVE
Lovesac Price Performance
LOVE traded down $1.22 during trading on Friday, reaching $19.51. 854,605 shares of the company's stock were exchanged, compared to its average volume of 282,217. Lovesac has a 1 year low of $14.18 and a 1 year high of $30.93. The stock has a market capitalization of $302.21 million, a P/E ratio of 15.36, a price-to-earnings-growth ratio of 0.30 and a beta of 2.87. The company's fifty day simple moving average is $22.89 and its 200-day simple moving average is $21.73.
Lovesac (NASDAQ:LOVE - Get Free Report) last released its earnings results on Thursday, April 11th. The company reported $1.87 EPS for the quarter, missing analysts' consensus estimates of $1.93 by ($0.06). Lovesac had a return on equity of 10.83% and a net margin of 2.97%. The company had revenue of $250.00 million during the quarter, compared to analyst estimates of $265.35 million. During the same quarter last year, the business earned $1.74 earnings per share. The firm's revenue for the quarter was up 4.8% on a year-over-year basis.
Institutional Investors Weigh In On Lovesac
Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. FMR LLC boosted its stake in Lovesac by 11.2% during the 1st quarter. FMR LLC now owns 1,047,033 shares of the company's stock worth $30,259,000 after purchasing an additional 105,827 shares during the last quarter. BlackRock Inc. boosted its stake in Lovesac by 6.1% during the 2nd quarter. BlackRock Inc. now owns 1,045,068 shares of the company's stock worth $28,165,000 after purchasing an additional 59,671 shares during the last quarter. Wasatch Advisors Inc. boosted its stake in Lovesac by 29.0% during the 1st quarter. Wasatch Advisors Inc. now owns 1,014,661 shares of the company's stock worth $54,853,000 after purchasing an additional 228,148 shares during the last quarter. Wasatch Advisors LP boosted its stake in Lovesac by 0.7% during the 1st quarter. Wasatch Advisors LP now owns 953,318 shares of the company's stock worth $27,551,000 after purchasing an additional 6,174 shares during the last quarter. Finally, Vanguard Group Inc. boosted its stake in Lovesac by 2.5% during the 4th quarter. Vanguard Group Inc. now owns 829,792 shares of the company's stock worth $21,201,000 after purchasing an additional 20,300 shares during the last quarter. Hedge funds and other institutional investors own 91.32% of the company's stock.
Insider Activity
In other news, CEO Shawn David Nelson sold 6,000 shares of Lovesac stock in a transaction that occurred on Friday, March 15th. The shares were sold at an average price of $22.44, for a total transaction of $134,640.00. Following the completion of the transaction, the chief executive officer now directly owns 179,970 shares of the company's stock, valued at approximately $4,038,526.80. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 12.09% of the company's stock.
About Lovesac
(
Get Free Report)
The Lovesac Company designs, manufactures, and sells furniture. It offers sactionals, such as seats and sides; sacs, including foam beanbag chairs; and other products comprising drink holders, footsac blankets, decorative pillows, fitted seat tables, and ottomans. The company markets its products primarily through lovesac.com website, as well as showrooms at top tier malls, lifestyle centers, mobile concierges, kiosks, and street locations in 40 states of the United States; and in store pop-up- shops and shop-in-shops.
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