Lovesac (LOVE) Stock Forecast, Price & News

8 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Lovesac in the last twelve months. There are currently 8 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" LOVE shares.
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8 analysts have issued twelve-month price objectives for Lovesac's shares. Their LOVE share price forecasts range from $36.00 to $80.00. On average, they predict the company's share price to reach $60.25 in the next year. This suggests a possible upside of 185.8% from the stock's current price.
View analysts price targets for LOVE or view top-rated stocks among Wall Street analysts.

Lovesac's stock was trading at $22.01 at the beginning of the year. Since then, LOVE stock has decreased by 4.2% and is now trading at $21.08.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, June 7th 2023.
View our LOVE earnings forecast.

Lovesac will be holding an earnings conference call on Wednesday, June 7th at 8:30 AM Eastern. Interested parties can register for or listen to the call using this link.

The Lovesac Company (NASDAQ:LOVE) released its quarterly earnings data on Tuesday, March, 28th. The company reported $1.74 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.75 by $0.01. The firm earned $238.80 million during the quarter, compared to the consensus estimate of $219.13 million. Lovesac had a net margin of 4.33% and a trailing twelve-month return on equity of 16.69%. The firm's revenue for the quarter was up 21.7% on a year-over-year basis. During the same period in the previous year, the business earned $1.01 EPS.

ETFs with the largest weight of Lovesac (NASDAQ:LOVE) stock in their portfolio include Janus Henderson Small Cap Growth Alpha ETF (JSML),

Lovesac issued an update on its first quarter 2024 earnings guidance on Wednesday, March, 29th. The company provided EPS guidance of -$0.37--$0.36 for the period, compared to the consensus earnings per share estimate of -$0.06. The company issued revenue guidance of $133.00 million-$136.00 million, compared to the consensus revenue estimate of $134.30 million.

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.

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).

(LOVE) raised $46 million in an initial public offering 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 acted as the underwriter for the IPO and Craig-Hallum Capital Group was co-manager.

Lovesac trades on the NASDAQ under the ticker symbol "LOVE."

Lovesac's stock is owned by a variety of institutional and retail investors. Top institutional shareholders include Granahan Investment Management LLC (8.44%), FMR LLC (6.89%), Hood River Capital Management LLC (6.88%), BlackRock Inc. (6.48%), Wasatch Advisors LP (6.27%) and Federated Hermes Inc. (4.11%). 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.
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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.
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One share of LOVE stock can currently be purchased for approximately $21.08.

Lovesac (NASDAQ:LOVE) has a market capitalization of $320.42 million and generates $651.54 million in revenue each year. The company earns $28.24 million in net income (profit) each year or $1.76 on an earnings per share basis.

The company employs 1,410 workers across the globe.

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.