Lovesac Stock Forecast, Price & News

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Lovesac in the last twelve months. There are currently 4 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" Lovesac stock.
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4 brokerages have issued 12-month target prices for Lovesac's shares. Their LOVE stock forecasts range from $70.00 to $124.00. On average, they predict Lovesac's share price to reach $97.71 in the next year. This suggests a possible upside of 192.9% from the stock's current price.
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Lovesac's stock was trading at $66.26 at the beginning of the year. Since then, LOVE shares have decreased by 49.7% and is now trading at $33.36.
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Lovesac is scheduled to release its next quarterly earnings announcement on Thursday, September 8th 2022.
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The Lovesac Company (NASDAQ:LOVE) posted its quarterly earnings results on Wednesday, June, 8th. The company reported $0.12 earnings per share for the quarter, topping the consensus estimate of ($0.20) by $0.32. The business earned $129.40 million during the quarter, compared to analyst estimates of $114.81 million. Lovesac had a net margin of 8.40% and a trailing twelve-month return on equity of 21.22%. The firm's quarterly revenue was up 56.1% on a year-over-year basis. During the same period in the prior year, the firm posted $0.13 EPS.
View Lovesac's earnings history.

107 employees have rated Lovesac CEO Shawn Nelson on Glassdoor.com. Shawn Nelson has an approval rating of 68% among Lovesac's employees.

Some companies that are related to Lovesac include Weis Markets (WMK), Urban Outfitters (URBN), KAR Auction Services (KAR), GMS (GMS), Shake Shack (SHAK), Dave & Buster's Entertainment (PLAY), Domino's Pizza Group (DPUKY), Ingles Markets (IMKTA), Bloomin' Brands (BLMN), Sovos Brands (SOVO), Qurate Retail (QRTEB), ODP (ODP), Newegg Commerce (NEGG), Cheesecake Factory (CAKE) and Sonic Automotive (SAH).
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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 (IPO) on Wednesday, June 27th 2018. The company issued 3,300,000 shares at $13.00-$15.00 per share. Roth Capital Partners served 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 investors include Wasatch Advisors Inc. (6.71%), Granahan Investment Management LLC (5.89%), BlackRock Inc. (5.59%), Hood River Capital Management LLC (5.43%), Vanguard Group Inc. (4.96%) and Federated Hermes Inc. (4.30%). Company insiders that own Lovesac stock include Albert Jack Krause, Andrew R Heyer, Donna Dellomo, Mary Fox, Satori Capital, Llc, Shawn David Nelson, Shirley Romig, Stuart A Wevik and Walter Field Mclallen.
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LOVE stock was sold by a variety of institutional investors in the last quarter, including American Century Companies Inc., Lord Abbett & CO. LLC, Calamos Advisors LLC, Russell Investments Group Ltd., PEAK6 Investments LLC, BlackRock Inc., Premier Fund Managers Ltd, and Engineers Gate Manager LP. Company insiders that have sold Lovesac company stock in the last two years include Albert Jack Krause, Andrew R Heyer, Donna Dellomo, Mary Fox, Satori Capital, Llc, Shawn David Nelson, Shirley Romig, and Stuart A Wevik.
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LOVE stock was bought by a variety of institutional investors in the last quarter, including Hood River Capital Management LLC, Wasatch Advisors Inc., Granahan Investment Management LLC, SG Capital Management LLC, Dimensional Fund Advisors LP, Dynamic Technology Lab Private Ltd, Millrace Asset Group Inc., and Los Angeles Capital Management LLC.
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Shares of LOVE 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 $33.36.

Lovesac (NASDAQ:LOVE) has a market capitalization of $504.57 million and generates $498.24 million in revenue each year. The company earns $45.90 million in net income (profit) each year or $2.839990 on an earnings per share basis.

Lovesac employs 1,185 workers across the globe.

Lovesac's mailing address is TWO LANDMARK SQUARE SUITE 300, STAMFORD CT, 06901. The official website for Lovesac is www.lovesac.com. The company can be reached via phone at (207) 273-9733 or via email at [email protected].