Lovesac (LOVE) Stock Forecast, Price & News

3 Wall Street 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 analysts is that investors should "buy" LOVE shares.
View LOVE analyst ratings or view top-rated stocks.

3 brokers have issued 12-month price objectives for Lovesac's stock. Their LOVE share price forecasts range from $37.00 to $64.00. On average, they anticipate the company's stock price to reach $52.75 in the next twelve months. This suggests a possible upside of 175.0% 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 start of the year. Since then, LOVE stock has decreased by 12.9% and is now trading at $19.18.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, September 28th 2023.
View our LOVE earnings forecast.

The Lovesac Company (NASDAQ:LOVE) issued its earnings results on Tuesday, March, 28th. The company reported $1.74 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.75 by $0.01. The company had revenue of $238.80 million for the quarter, compared to analysts' expectations of $219.13 million. Lovesac had a trailing twelve-month return on equity of 12.52% and a net margin of 3.33%. The business's revenue for the quarter was up 21.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.01 EPS.

Lovesac updated its second quarter 2024 earnings guidance on Friday, September, 1st. The company provided earnings per share (EPS) 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.

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 (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 retail and institutional investors. Top institutional investors 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.
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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 $19.18.

Lovesac (NASDAQ:LOVE) has a market capitalization of $291.92 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.

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.