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NASDAQ:LOVE

Lovesac Stock Forecast, Price & News

$23.61
-0.99 (-4.02 %)
(As of 09/18/2020 12:00 AM ET)
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Today's Range
$23.04
Now: $23.61
$25.29
50-Day Range
$24.60
MA: $29.64
$36.48
52-Week Range
$3.99
Now: $23.61
$36.86
Volume407,752 shs
Average Volume442,533 shs
Market Capitalization$343.15 million
P/E RatioN/A
Dividend YieldN/A
Beta2.65
The Lovesac Company designs, manufactures, and sells foam filled furniture, sectional couches, and related accessories. It offers sactionals, such as seats and sides; sacs, including foam beanbag chairs; and accessories comprising drink holders, footsac blankets, decorative pillows, fitted seat tables, and ottomans. The company markets its products through its 77 showrooms at top tier malls, lifestyle centers, and street locations in 30 states of the United States, as well as through online. The Lovesac Company was founded in 1998 and is headquartered in Stamford, Connecticut.
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Beat the Market (BTM) Rank

Analyst Opinion: 4.5Community Rank: 2.6Dividend Strength: 0.0Insider Behavior: 1.0Valuation: 0.6 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.75 out of 5 stars


Industry, Sector and Symbol

Industry Furniture stores
Sub-IndustryN/A
Current SymbolNASDAQ:LOVE
CUSIPN/A
CIKN/A
Phone888-636-1223

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$233.38 million
Book Value$6.20 per share

Profitability

Net Income$-15,200,000.00

Miscellaneous

Employees198
Market Cap$343.15 million
Next Earnings Date12/10/2020 (Estimated)
OptionableNot Optionable
$23.61
-0.99 (-4.02 %)
(As of 09/18/2020 12:00 AM ET)
30 days | 90 days | 365 days | Advanced Chart

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Lovesac (NASDAQ:LOVE) Frequently Asked Questions

How has Lovesac's stock been impacted by COVID-19?

Lovesac's stock was trading at $7.33 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, LOVE stock has increased by 222.1% and is now trading at $23.61.
View which stocks have been most impacted by COVID-19
.

Do Wall Street analysts recommend investors buy shares of Lovesac?

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
.

When is Lovesac's next earnings date?

Lovesac is scheduled to release its next quarterly earnings announcement on Thursday, December 10th 2020.
View our earnings forecast for Lovesac
.

How were Lovesac's earnings last quarter?

Lovesac Co (NASDAQ:LOVE) issued its earnings results on Wednesday, September, 9th. The company reported ($0.08) EPS for the quarter, topping the consensus estimate of ($0.55) by $0.47. The company had revenue of $61.90 million for the quarter, compared to analysts' expectations of $52.35 million. Lovesac had a negative net margin of 4.14% and a negative return on equity of 12.64%. The company's revenue for the quarter was up 28.7% compared to the same quarter last year. During the same period in the prior year, the company posted ($0.31) earnings per share.
View Lovesac's earnings history
.

What price target have analysts set for LOVE?

8 Wall Street analysts have issued 1 year price targets for Lovesac's stock. Their forecasts range from $25.00 to $43.00. On average, they expect Lovesac's stock price to reach $35.38 in the next twelve months. This suggests a possible upside of 49.8% from the stock's current price.
View analysts' price targets for Lovesac
.

Are investors shorting Lovesac?

Lovesac saw a increase in short interest in August. As of August 31st, there was short interest totaling 2,500,000 shares, an increase of 15.2% from the August 15th total of 2,170,000 shares. Based on an average daily trading volume, of 428,000 shares, the days-to-cover ratio is presently 5.8 days. Approximately 22.9% of the company's shares are sold short.
View Lovesac's Short Interest
.

Who are some of Lovesac's key competitors?

What other stocks do shareholders of Lovesac own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Lovesac investors own include Advanced Micro Devices (AMD), Tesla (TSLA), Overstock.com (OSTK), Pfizer (PFE), Carnival (CCL), Innovative Industrial Properties (IIPR), Roku (ROKU), Uber Technologies (UBER), Moderna (MRNA) and Cisco Systems (CSCO).

Who are Lovesac's key executives?

Lovesac's management team includes the following people:
  • Mr. Shawn David Nelson, Founder, CEO & Director (Age 42)
  • Mr. Jack A. Krause, Pres & COO (Age 56)
  • Ms. Donna L. Dellomo, Exec. VP, CFO, Treasurer & Sec. (Age 55)
  • Mr. David Jensen, CTO & Chief Information Officer

When did Lovesac IPO?

(LOVE) raised $46 million in an 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 acted 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 variety of institutional and retail investors. Top institutional investors include Wasatch Advisors Inc. (5.37%), Kornitzer Capital Management Inc. KS (5.18%), Federated Hermes Inc. (4.53%), AWM Investment Company Inc. (4.51%), Driehaus Capital Management LLC (3.76%) and Silvercrest Asset Management Group LLC (1.30%). Company insiders that own Lovesac stock include Albert Jack Krause, Andrew R Heyer, Sac Acquisition Llc, Satori Capital, Llc and Shawn David Nelson.
View institutional ownership trends for Lovesac
.

Which major investors are selling Lovesac stock?

LOVE stock was sold by a variety of institutional investors in the last quarter, including Wasatch Advisors Inc., Skylands Capital LLC, AWM Investment Company Inc., Ensign Peak Advisors Inc, Goldman Sachs Group Inc., Bank of America Corp DE, and Nuveen Asset Management LLC.
View insider buying and selling activity for Lovesac
.

Which major investors are buying Lovesac stock?

LOVE stock was purchased by a variety of institutional investors in the last quarter, including Driehaus Capital Management LLC, Silvercrest Asset Management Group LLC, Russell Investments Group Ltd., Intrinsic Edge Capital Management LLC, Calamos Advisors LLC, Spouting Rock Asset Management LLC, Kornitzer Capital Management Inc. KS, and Monarch Partners Asset Management LLC. Company insiders that have bought Lovesac stock in the last two years include Albert Jack Krause, and Andrew R Heyer.
View insider buying and selling activity for Lovesac
.

How do I buy shares of Lovesac?

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.

What is Lovesac's stock price today?

One share of LOVE stock can currently be purchased for approximately $23.61.

How big of a company is Lovesac?

Lovesac has a market capitalization of $343.15 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.

What is Lovesac's official website?

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

How can I contact Lovesac?

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]

This page was last updated on 9/19/2020 by MarketBeat.com Staff

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