Lovesac (NASDAQ:LOVE) Issues FY25 Earnings Guidance

Lovesac (NASDAQ:LOVE - Get Free Report) updated its FY25 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of $1.06-$1.59 for the period, compared to the consensus estimate of $2.15. The company issued revenue guidance of $700-$770 million, compared to the consensus revenue estimate of $765.38 million. Lovesac also updated its FY 2025 guidance to 1.060-1.590 EPS.

Lovesac Stock Down 11.2 %

Lovesac stock traded down $2.61 during mid-day trading on Thursday, hitting $20.73. The company's stock had a trading volume of 2,752,091 shares, compared to its average volume of 274,041. Lovesac has a twelve month low of $14.18 and a twelve month high of $30.93. The stock's fifty day moving average price is $22.96 and its two-hundred day moving average price is $21.73. The stock has a market capitalization of $321.09 million, a P/E ratio of 16.32, a P/E/G ratio of 0.32 and a beta of 2.87.

Analysts Set New Price Targets

Separately, Roth Mkm reaffirmed a buy rating and set a $34.00 target price on shares of Lovesac in a report on Wednesday.

Insider Buying and Selling at Lovesac

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 value of $134,640.00. Following the transaction, the chief executive officer now directly owns 179,970 shares of the company's stock, valued at $4,038,526.80. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 12.09% of the company's stock.

Institutional Trading of Lovesac

Hedge funds and other institutional investors have recently modified their holdings of the business. Renaissance Technologies LLC acquired a new position in Lovesac during the first quarter valued at $12,996,000. Dimensional Fund Advisors LP lifted its position in shares of Lovesac by 211.1% in the first quarter. Dimensional Fund Advisors LP now owns 411,939 shares of the company's stock worth $11,904,000 after purchasing an additional 279,545 shares in the last quarter. Millennium Management LLC boosted its holdings in shares of Lovesac by 748.7% during the second quarter. Millennium Management LLC now owns 296,462 shares of the company's stock worth $8,153,000 after purchasing an additional 261,529 shares during the period. Wasatch Advisors Inc. grew its position in Lovesac by 29.0% during the first quarter. Wasatch Advisors Inc. now owns 1,014,661 shares of the company's stock valued at $54,853,000 after purchasing an additional 228,148 shares in the last quarter. Finally, Two Sigma Investments LP purchased a new position in Lovesac during the first quarter valued at approximately $4,829,000. Institutional investors and hedge funds own 91.32% of the company's stock.

About Lovesac

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.