Lovesac Stock Forecast, Price & News

Lovesac's stock was trading at $7.33 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization. Since then, LOVE stock has increased by 226.2% and is now trading at $23.91.
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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 Thursday, December 10th 2020.
View our earnings forecast for Lovesac.

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

8 equities research analysts have issued twelve-month price targets for Lovesac's shares. Their forecasts range from $25.00 to $43.00. On average, they anticipate Lovesac's share price to reach $35.38 in the next year. This suggests a possible upside of 48.0% from the stock's current price.
View analysts' price targets for Lovesac.

Lovesac saw a increase in short interest in the month of 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 volume of 428,000 shares, the days-to-cover ratio is currently 5.8 days. Currently, 22.9% of the company's shares are sold short.
View Lovesac's Short Interest.

Some companies that are related to Lovesac include J D Wetherspoon (JDWPY), Cheesecake Factory (CAKE), Bloomin' Brands (BLMN), Weis Markets (WMK), Revolve Group (RVLV), Sally Beauty (SBH), Biglari (BH.A), Office Depot (ODP), PC Connection (CNXN), Buckle (BKE), At Home Group (HOME), GMS (GMS), Signet Jewelers (SIG), Dine Brands Global (DIN) and Abercrombie & Fitch (ANF).
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Based on aggregate information from My MarketBeat watchlists, some companies that other Lovesac investors own include Advanced Micro Devices (AMD), Tesla (TSLA), Moderna (MRNA), Overstock.com (OSTK), Pfizer (PFE), Carnival (CCL), Innovative Industrial Properties (IIPR), Roku (ROKU), Uber Technologies (UBER) and Cisco Systems (CSCO).

(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 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 number of institutional and retail investors. Top institutional shareholders 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.

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.

LOVE stock was acquired 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.

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 $23.91.

Lovesac has a market capitalization of $347.51 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]