NASDAQ:LOVE

Lovesac (LOVE) Stock Forecast, Price & News

$19.14

-0.67 (-3.38%)

(As of 09/25/2023 ET)

Compare

Today's Range: $18.73
▼
$19.71
50-Day Range: $19.14
▼
$29.42
52-Week Range: $17.60
▼
$30.93

Volume: 396,206 shs
Average Volume: 424,969 shs
Market Capitalization: $291.31 million

P/E Ratio: 14.07
Dividend Yield: N/A
Price Target: $52.75

Lovesac MarketRank™ Forecast

Analyst Rating: Buy
3.00 Rating Score
Upside/Downside: 175.6% Upside
$52.75 Price Target
Short Interest: Bearish
33.71% of Float Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: 0.77
Based on 6 Articles This Week
Insider Trading: Acquiring Shares
$81,916 Bought Last Quarter
Proj. Earnings Growth: 40.96%
From $1.88 to $2.65 Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.83 out of 5 stars

Retail/Wholesale Sector

32nd out of 209 stocks

Furniture Stores Industry

1st out of 4 stocks

3.5

Analyst's Opinion

Consensus Rating
Lovesac has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 3 buy ratings, no hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $52.75, Lovesac has a forecasted upside of 175.6% from its current price of $19.14.
Amount of Analyst Coverage
Lovesac has only been the subject of 1 research reports in the past 90 days.

0.0

Short Interest

Percentage of Shares Shorted
33.71% of the float of Lovesac has been sold short.
Short Interest Ratio / Days to Cover
Lovesac has a short interest ratio ("days to cover") of 14, which indicates bearish sentiment.
Change versus previous month
Short interest in Lovesac has recently increased by 5.87%, indicating that investor sentiment is decreasing significantly.

0.0

Dividend Strength

Dividend Yield
Lovesac does not currently pay a dividend.
Dividend Growth
Lovesac does not have a long track record of dividend growth.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for LOVE.

3.8

News and Social Media Coverage

News Sentiment
Lovesac has a news sentiment score of 0.77. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.52 average news sentiment score of Retail/Wholesale companies.
News Coverage This Week
MarketBeat has tracked 6 news articles for Lovesac this week, compared to 2 articles on an average week.
Search Interest
24 people have searched for LOVE on MarketBeat in the last 30 days. This is an increase of 118% compared to the previous 30 days.
MarketBeat Follows
10 people have added Lovesac to their MarketBeat watchlist in the last 30 days. This is an increase of 400% compared to the previous 30 days.

2.5

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Lovesac insiders have bought more of their company's stock than they have sold. Specifically, they have bought $81,916.00 in company stock and sold $0.00 in company stock.
Percentage Held by Insiders
12.09% of the stock of Lovesac is held by insiders. A high percentage of insider ownership can be a sign of company health.

4.4

Earnings and Valuation

Earnings Growth
Earnings for Lovesac are expected to grow by 40.96% in the coming year, from $1.88 to $2.65 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Lovesac is 14.07, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 120.23.
Price to Earnings Ratio vs. Sector
The P/E ratio of Lovesac is 14.07, which means that it is trading at a less expensive P/E ratio than the Retail/Wholesale sector average P/E ratio of about 22.06.
Price to Earnings Growth Ratio
Lovesac has a PEG Ratio of 0.30. PEG Ratios below 1 indicate that a company could be undervalued.
Price to Book Value per Share Ratio
Lovesac has a P/B Ratio of 1.50. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About Lovesac (NASDAQ:LOVE) Stock

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. The Lovesac Company was founded in 1995 and is headquartered in Stamford, Connecticut.

LOVE Price History

30 days | 90 days | 365 days | Advanced Chart

LOVE Stock News Headlines

September 23, 2023 | benzinga.com

Bragar Eagel & Squire, P.C. Is Investigating Lovesac, and Orthofix and Encourages Investors to Contact the Firm

September 22, 2023 | finance.yahoo.com

The Lovesac Company Announces Notification from Nasdaq Related to Delayed Form 10-Q Filing

September 25, 2023 | Behind the Markets (Ad)

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September 21, 2023 | prnewswire.com

LOVE EQUITY ALERT: ROSEN, A TOP RANKED LAW FIRM, Encourages The Lovesac Company Investors to Inquire About Securities Class Action Investigation - LOVE

September 20, 2023 | benzinga.com

Lovesac Board Member Trades $81K In Company Stock

September 12, 2023 | benzinga.com

Bragar Eagel & Squire, P.C. Is Investigating Blink, Lovesac, and DigitalOcean and Encourages Investors to Contact the Firm

September 11, 2023 | benzinga.com

Glancy Prongay & Murray LLP, a Leading Securities Fraud Law Firm, Continues Investigation of The Lovesac Company (LOVE) on Behalf of Investors

September 11, 2023 | msn.com

Woman Makes DIY Version of the Viral $1k LoveSac for Unser $200 and It’s Perfect

September 25, 2023 | Chaikin Analytics (Ad)

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September 8, 2023 | stockhouse.com

The Law Offices of Frank R. Cruz Continues Investigation of The Lovesac Company (LOVE) on Behalf of Investors

September 2, 2023 | benzinga.com

Bragar Eagel & Squire, P.C. Is Investigating Driven Brands, Blink, and Lovesac and Encourages Investors to Contact the Firm

September 1, 2023 | finance.yahoo.com

The Lovesac Company (LOVE) Posts Encouraging Q2 Preliminary Results

September 1, 2023 | markets.businessinsider.com

The Lovesac Company (LOVE) Gets a Buy from D.A. Davidson

August 31, 2023 | finance.yahoo.com

The Lovesac Company Reports Preliminary Second Quarter Fiscal Year 2024 Results

August 30, 2023 | msn.com

Lovesac’s Up to 30% Off Sale Wants You to Celebrate Labor Day in Comfort: Shop Now

August 28, 2023 | benzinga.com

Bragar Eagel & Squire, P.C. Is Investigating Blink, Lovesac, and Sage and Encourages Investors to Contact the Firm

August 27, 2023 | finance.yahoo.com

Investors in Lovesac (NASDAQ:LOVE) have unfortunately lost 32% over the last year

August 25, 2023 | finance.yahoo.com

Why Lovesac Stock Briefly Plunged Today

August 23, 2023 | benzinga.com

ROSEN, RECOGNIZED INVESTOR COUNSEL, Encourages The Lovesac Company Investors to Inquire About Securities Class Action Investigation – LOVE

August 22, 2023 | benzinga.com

SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of The Lovesac Company - LOVE

August 21, 2023 | benzinga.com

Bragar Eagel & Squire, P.C. Is Investigating Hawaiian Electric, and Lovesac and Encourages Investors to Contact the Firm

August 21, 2023 | benzinga.com

Investigation of The Lovesac Company (LOVE) Announced by Holzer & Holzer, LLC

August 21, 2023 | benzinga.com

Lovesac Company: Company Investigated by the Portnoy Law Firm

August 17, 2023 | au.investing.com

The Lovesac shares drop 3% on accounting warning

August 17, 2023 | technews.tmcnet.com

Glancy Prongay & Murray LLP, a Leading Securities Fraud Law Firm, Announces Investigation of The Lovesac Company (LOVE) on Behalf of Investors

August 17, 2023 | benzinga.com

The Lovesac Company Investors: Company Investigated by the Portnoy Law Firm

August 16, 2023 | technews.tmcnet.com

The Law Offices of Frank R. Cruz Announces Investigation of The Lovesac Company (LOVE) on Behalf of Investors

See More Headlines

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LOVE Company Calendar

Last Earnings: 3/28/2023
Today: 9/25/2023
Next Earnings (Estimated): 9/28/2023
Fiscal Year End: 1/31/2024

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NASDAQ
Industry: Furniture stores
Sub-Industry: N/A
Sector: Retail/Wholesale
Current Symbol: NASDAQ:LOVE
CUSIP: N/A
CIK: 1701758
Web: www.lovesac.com
Phone: (207) 273-9733
Fax: N/A
Employees: 1,410
Year Founded: N/A

Price Target and Rating

Average Stock Price Forecast: $52.75
High Stock Price Forecast: $64.00
Low Stock Price Forecast: $37.00
Forecasted Upside/Downside: +175.6%
Consensus Rating: Buy
Rating Score (0-4): 3.00
Research Coverage: 3 Analysts

Profitability

EPS (Most Recent Fiscal Year): $1.36
Trailing P/E Ratio: 14.07
Forward P/E Ratio: 10.18
P/E Growth: 0.3
Net Income: $28.24 million
Net Margins: 3.33%
Pretax Margin: 4.64%
Return on Equity: 12.52%
Return on Assets: 5.44%

Debt

Debt-to-Equity Ratio: N/A
Current Ratio: 1.94
Quick Ratio: 0.83

Sales & Book Value

Annual Sales: $651.54 million
Price / Sales: 0.45
Cash Flow: $2.50 per share
Price / Cash Flow: 7.67
Book Value: $12.72 per share
Price / Book: 1.50

Miscellaneous

Outstanding Shares: 15,220,000
Free Float: 13,377,000
Market Cap: $291.31 million
Optionable: Not Optionable
Beta: 2.49

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Key Executives

Mr. Shawn David Nelson (Age 46)
Founder, CEO & Director
Comp: $731.83k

Ms. Mary Fox (Age 50)
Pres & COO
Comp: $1.12M

Mr. Keith Robert Siegner (Age 48)
Exec. VP & CFO

Mr. David Jensen
Chief Technology Officer

Ms. Carly Kawaja
Chief People Officer

Mr. John A. Legg (Age 61)
Chief Supply Chain Officer

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

LOVE Stock - Frequently Asked Questions

Should I buy or sell Lovesac stock right now?: 3 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Lovesac in the last year. There are currently 3 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" LOVE shares.
View LOVE analyst ratings or view top-rated stocks.
What is Lovesac's stock price forecast for 2023?: 3 equities research analysts have issued 1-year price targets for Lovesac's stock. Their LOVE share price forecasts range from $37.00 to $64.00. On average, they expect the company's share price to reach $52.75 in the next year. This suggests a possible upside of 175.6% from the stock's current price.
View analysts price targets for LOVE or view top-rated stocks among Wall Street analysts.
How have LOVE shares performed in 2023?: Lovesac's stock was trading at $22.01 at the beginning of 2023. Since then, LOVE shares have decreased by 13.0% and is now trading at $19.14.
View the best growth stocks for 2023 here.
When is Lovesac's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Thursday, September 28th 2023.
View our LOVE earnings forecast.
How were Lovesac's earnings last quarter?: The Lovesac Company (NASDAQ:LOVE) posted its earnings results on Tuesday, March, 28th. The company reported $1.74 earnings per share for the quarter, missing analysts' consensus estimates of $1.75 by $0.01. The firm had revenue of $238.80 million for the quarter, compared to analyst estimates of $219.13 million. Lovesac had a net margin of 3.33% and a trailing twelve-month return on equity of 12.52%. The business's revenue was up 21.7% compared to the same quarter last year. During the same period last year, the business posted $1.01 EPS.
What guidance has Lovesac issued on next quarter's earnings?: Lovesac issued an update on its second quarter 2024 earnings guidance on Friday, September, 1st. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $154.00 million-$154.00 million, compared to the consensus revenue estimate of $149.66 million.
What is Shawn Nelson's approval rating as Lovesac's CEO?: 107 employees have rated Lovesac Chief Executive Officer Shawn Nelson on Glassdoor.com. Shawn Nelson has an approval rating of 68% among the company's employees.
What other stocks do shareholders of Lovesac own?: Based on aggregate information from My MarketBeat watchlists, some companies that other Lovesac investors own include Moderna (MRNA), Pfizer (PFE), Advanced Micro Devices (AMD), Carnival Co. & (CCL), Overstock.com (OSTK), Tesla (TSLA), NIO (NIO), NVIDIA (NVDA), Target (TGT) and AbbVie (ABBV).

When did Lovesac IPO?: (LOVE) raised $46 million in an initial public offering (IPO) on Wednesday, June 27th 2018. The company issued 3,300,000 shares at a price of $13.00-$15.00 per share. Roth Capital Partners served as the underwriter for the IPO and Craig-Hallum Capital Group was co-manager.
What is Lovesac's stock symbol?: Lovesac trades on the NASDAQ under the ticker symbol "LOVE."
Who are Lovesac's major shareholders?: Lovesac's stock is owned by a number of retail and institutional investors. Top institutional shareholders include Granahan Investment Management LLC (9.69%), BlackRock Inc. (6.87%), Wasatch Advisors LP (5.99%), Dimensional Fund Advisors LP (3.87%), Marshall Wace LLP (3.86%) and Intrinsic Edge Capital Management LLC (3.66%). Insiders that own company stock include Albert Jack Krause, Andrew R Heyer, Donna Dellomo, Mary Fox, Satori Capital, Llc, Sharon M Leite, Shawn David Nelson, Shirley Romig, Stuart A Wevik and Walter Field Mclallen.
View institutional ownership trends.
How do I buy shares of Lovesac?: Shares of LOVE stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.
What is Lovesac's stock price today?: One share of LOVE stock can currently be purchased for approximately $19.14.
How much money does Lovesac make?: Lovesac (NASDAQ:LOVE) has a market capitalization of $291.31 million and generates $651.54 million in revenue each year. The company earns $28.24 million in net income (profit) each year or $1.36 on an earnings per share basis.
How many employees does Lovesac have?: The company employs 1,410 workers across the globe.
How can I contact Lovesac?: Lovesac's mailing address is TWO LANDMARK SQUARE SUITE 300, STAMFORD CT, 06901. The official website for the company is www.lovesac.com. The company can be reached via phone at (207) 273-9733 or via email at investorrelations@lovesac.com.

This page (NASDAQ:LOVE) was last updated on 9/25/2023 by MarketBeat.com Staff

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Lovesac (LOVE) Stock Forecast, Price & News

Lovesac MarketRank™ Forecast

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

News and Social Media Coverage

News Sentiment

News Coverage This Week

Search Interest

MarketBeat Follows

Company Ownership

Earnings and Valuation

About Lovesac (NASDAQ:LOVE) Stock

LOVE Price History

LOVE Stock News Headlines

LOVE Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Key Executives

Key Competitors

Insiders & Institutions

LOVE Stock - Frequently Asked Questions

Overall MarketRank^™