NASDAQ:LOVELovesac Stock Price, Forecast & News

Lovesac's stock was trading at $7.33 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization (WHO). Since then, LOVE shares have increased by 266.2% and is now trading at $26.84. View which stocks have been most impacted by Coronavirus.

8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Lovesac in the last year. There are currently 8 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for Lovesac.

Lovesac is scheduled to release its next quarterly earnings announcement on Wednesday, September 9th 2020. View our earnings forecast for Lovesac.

Lovesac Co (NASDAQ:LOVE) announced its quarterly earnings results on Tuesday, June, 9th. The company reported ($0.58) earnings per share (EPS) for the quarter, topping the Zacks' consensus estimate of ($0.69) by $0.11. The company earned $54.40 million during the quarter, compared to analysts' expectations of $47.20 million. Lovesac had a negative return on equity of 16.22% and a negative net margin of 5.86%. The company's quarterly revenue was up 32.7% on a year-over-year basis. During the same period in the prior year, the company posted ($0.67) earnings per share. View Lovesac's earnings history.

8 brokers have issued 1 year price targets for Lovesac's stock. Their forecasts range from $25.00 to $37.00. On average, they anticipate Lovesac's share price to reach $31.25 in the next twelve months. This suggests a possible upside of 16.4% from the stock's current price. View analysts' price targets for Lovesac.

News articles about LOVE stock have been trending neutral on Friday, InfoTrie Sentiment Analysis reports. The research group identifies positive and negative news coverage by reviewing more than six thousand news and blog sources in real-time. The firm ranks coverage of companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Lovesac earned a media sentiment score of 0.5 on InfoTrie's scale. They also assigned news coverage about the company a news buzz of 0.0 out of 10, indicating that recent news coverage is extremely unlikely to have an impact on the company's share price in the immediate future. View the latest news about Lovesac.

Lovesac saw a drop in short interest during the month of June. As of June 30th, there was short interest totaling 2,890,000 shares, a drop of 8.0% from the June 15th total of 3,140,000 shares. Based on an average daily trading volume, of 620,700 shares, the short-interest ratio is presently 4.7 days. Approximately 27.7% of the shares of the company are short sold. View Lovesac's Current Options Chain.

Some companies that are related to Lovesac include J D Wetherspoon (JDWPY), Insight Enterprises (NSIT), Sonic Automotive (SAH), Rush Enterprises (RUSHA), Sally Beauty (SBH), 1-800-Flowers.Com (FLWS), Weis Markets (WMK), Bed Bath & Beyond (BBBY), Rush Enterprises (RUSHB), PC Connection (CNXN), Group 1 Automotive (GPI), Revolve Group (RVLV), Luk Fook Holdings (International) (LKFLF), Office Depot (ODP) and Arcos Dorados (ARCO). View all competitors.

Based on aggregate information from My MarketBeat watchlists, some companies that other Lovesac investors own include Uber Technologies (UBER), Roku (ROKU), Carnival (CCL), salesforce.com (CRM), United Continental (UAL), Innovative Industrial Properties (IIPR), Exxon Mobil (XOM), Apple Hospitality REIT (APLE), Alibaba Group (BABA) and Crestwood Equity Partners (CEQP).

(LOVE) raised $46 million in an initial public offering 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."

Shares of LOVE can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

One share of LOVE stock can currently be purchased for approximately $26.84.

Lovesac has a market capitalization of $389.72 million and generates $233.38 million in revenue each year. The company earns $-15,200,000.00 in net income (profit) each year or ($1.04) on an earnings per share basis. Lovesac employs 198 workers across the globe.

The official website for Lovesac is www.lovesac.com.

Lovesac's mailing address is TWO LANDMARK SQUARE SUITE 300, STAMFORD CT, 06901. The company can be reached via phone at 888-636-1223 or via email at [email protected]