NASDAQ:LOVE

Lovesac - LOVE Stock Forecast, Price & News

$19.03

+1.32 (+7.45%)

(As of 12/8/2022 12:00 AM ET)

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Today's Range: $17.67
▼
$19.76
50-Day Range: $17.71
▼
$27.17
52-Week Range: $17.60
▼
$85.13

Volume: 679,430 shs
Average Volume: 369,824 shs
Market Capitalization: $288.88 million

P/E Ratio: 9.28
Dividend Yield: N/A
Price Target: $63.71

Lovesac MarketRank™ Forecast

Analyst Rating: Buy
3.00 Rating Score
Upside/Downside: 234.8% Upside
$63.71 Price Target
Short Interest: Healthy
11.80% of Float Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: 0.55
Based on 15 Articles This Week
Insider Trading: Acquiring Shares
$41,200 Bought Last Quarter
Proj. Earnings Growth: 44.21%
From $2.33 to $3.36 Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

3.25 out of 5 stars

Retail/Wholesale Sector

1st out of 212 stocks

Furniture Stores Industry

1st out of 4 stocks

3.5

Analyst's Opinion

Consensus Rating
Lovesac has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 6 buy ratings, no hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $63.71, Lovesac has a forecasted upside of 234.8% from its current price of $19.03.
Amount of Analyst Coverage
Lovesac has only been the subject of 1 research reports in the past 90 days.

3.0

Short Interest

Percentage of Shares Shorted
11.80% of the float of Lovesac has been sold short.
Short Interest Ratio / Days to Cover
Lovesac has a short interest ratio ("days to cover") of 4.1.
Change versus previous month
Short interest in Lovesac has recently decreased by 9.36%, indicating that investor sentiment is improving significantly.

0.0

Dividend Strength

Dividend Yield
Lovesac does not currently pay a dividend.
Dividend Growth
Lovesac does not have a long track record of dividend growth.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for LOVE.

3.6

News and Social Media Coverage

News Sentiment
Lovesac has a news sentiment score of 0.55. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.37 average news sentiment score of Retail/Wholesale companies.
News Coverage This Week
MarketBeat has tracked 15 news articles for Lovesac this week, compared to 4 articles on an average week.
Search Interest
24 people have searched for LOVE on MarketBeat in the last 30 days. This is an increase of 71% compared to the previous 30 days.
MarketBeat Follows
13 people have added Lovesac to their MarketBeat watchlist in the last 30 days. This is an increase of 333% compared to the previous 30 days.

3.3

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Lovesac insiders have bought more of their company's stock than they have sold. Specifically, they have bought $41,200.00 in company stock and sold $0.00 in company stock.
Percentage Held by Insiders
Only 8.66% of the stock of Lovesac is held by insiders.
Percentage Held by Institutions
94.97% of the stock of Lovesac is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

4.4

Earnings and Valuation

Earnings Growth
Earnings for Lovesac are expected to grow by 44.21% in the coming year, from $2.33 to $3.36 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Lovesac is 9.28, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 121.66.
Price to Earnings Ratio vs. Sector
The P/E ratio of Lovesac is 9.28, which means that it is trading at a less expensive P/E ratio than the Retail/Wholesale sector average P/E ratio of about 35.99.
Price to Earnings Growth Ratio
Lovesac has a PEG Ratio of 0.22. PEG Ratios below 1 indicate that a company could be undervalued.
Price to Book Value per Share Ratio
Lovesac has a P/B Ratio of 1.84. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About Lovesac (NASDAQ:LOVE) Stock

The Lovesac Company designs, manufactures, and sells furniture. 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. As of January 30, 2022, the company operated 146 showrooms. It markets its products primarily through lovesac.com website, as well as showrooms at top tier malls, lifestyle centers, kiosks, mobile concierges, and street locations in 39 states of the United States; and in store pop-up- shops and shop-in-shops. The Lovesac Company was founded in 1995 and is headquartered in Stamford, Connecticut.

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LOVE Stock News Headlines

December 9, 2022 | americanbankingnews.com

Lovesac (NASDAQ:LOVE) Price Target Lowered to $64.00 at DA Davidson

December 9, 2022 | americanbankingnews.com

Lovesac (NASDAQ:LOVE) Price Target Lowered to $60.00 at Craig Hallum

December 8, 2022 | finance.yahoo.com

Stock Market Sell-Off: Is Lovesac a Buy?

December 7, 2022 | finance.yahoo.com

The Lovesac Company Reports Third Quarter Fiscal 2023 Financial Results

December 6, 2022 | americanbankingnews.com

Lovesac (LOVE) to Release Earnings on Wednesday

December 6, 2022 | americanbankingnews.com

The Lovesac Company (NASDAQ:LOVE) Short Interest Down 9.4% in November

December 4, 2022 | finance.yahoo.com

4 Important Reasons Investors Should Buy Lovesac Stock Before 2023

December 1, 2022 | finance.yahoo.com

Lovesac Merges Street Style and Total Comfort with Exclusive Anti Social Social Club Collaboration

November 21, 2022 | finance.yahoo.com

Here's Why Lovesac (NASDAQ:LOVE) Has Caught The Eye Of Investors

November 9, 2022 | bizjournals.com

Pink Lipps Cosmetics opens storefront on The Plaza

November 2, 2022 | finance.yahoo.com

Could The Market Be Wrong About The Lovesac Company (NASDAQ:LOVE) Given Its Attractive Financial Prospects?

October 20, 2022 | nasdaq.com

4 Remarkable Stocks That Could Double Your Money in 2023 - Nasdaq

October 18, 2022 | nasdaq.com

Monday 10/17 Insider Buying Report: FRD, LOVE - Nasdaq

October 13, 2022 | nasdaq.com

3 Growth Stocks That Could Double Your Money, According to Wall Street - Nasdaq

October 12, 2022 | finance.yahoo.com

Lovesac (NASDAQ:LOVE) shareholders have endured a 72% loss from investing in the stock a year ago - Yahoo Finance

October 7, 2022 | nasdaq.com

The Lovesac Company (NASDAQ:LOVE) insiders sold US$1.5m worth of stock, possibly signalling a downtrend - Nasdaq

October 4, 2022 | fool.com

3 Growth Stocks to Buy In October and Never Sell - The Motley Fool

September 28, 2022 | bizjournals.com

Lovesac, Skin Laundry joining Folsom's Palladio - Sacramento Business Journal - The Business Journals

September 26, 2022 | fool.com

3 Growth Stocks Down 60.3% to 66.3% to Buy and Hold - The Motley Fool

September 24, 2022 | nasdaq.com

3 Growth Stocks Down 60.3% to 66.3% to Buy and Hold - Nasdaq

September 21, 2022 | benzinga.com

10 Consumer Discretionary Stocks Whale Activity In Today's Session - Lovesac (NASDAQ:LOVE), Pinduoduo (NA - Benzinga

September 18, 2022 | nasdaq.com

3 Beaten-Down Growth Stocks That Could Soar 60% to 188%, According to Wall Street - Nasdaq

September 18, 2022 | fool.com

3 Beaten-Down Growth Stocks That Could Soar 60% to 188%, According to Wall Street - The Motley Fool

September 18, 2022 | finance.yahoo.com

2 Stocks I Bought This Week, 1 Stock I Sold

September 17, 2022 | theglobeandmail.com

This Small Cap Furniture Stock Deserves More LOVE From Investors

See More Headlines

30 days | 90 days | 365 days | Advanced Chart

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LOVE Company Calendar

Last Earnings: 12/08/2021
Today: 12/09/2022
Next Earnings (Estimated): 12/14/2022
Fiscal Year End: 1/31/2023

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Industry, Sector and Symbol

Stock Exchange: NASDAQ
Industry: Furniture stores
Sub-Industry: N/A
Sector: Retail/Wholesale
Current Symbol: NASDAQ:LOVE
CUSIP: N/A
CIK: 1701758
Web: www.lovesac.com
Phone: (207) 273-9733
Fax: N/A
Employees: 1,185
Year Founded: N/A

Price Target and Rating

Average Stock Price Forecast: $63.71
High Stock Price Forecast: $80.00
Low Stock Price Forecast: $50.00
Forecasted Upside/Downside: +234.8%
Consensus Rating: Buy
Rating Score (0-4): 3.00
Research Coverage: 6 Analysts

Profitability

EPS (Most Recent Fiscal Year): $2.05
Trailing P/E Ratio: 9.28
Forward P/E Ratio: 8.17
P/E Growth: 0.22
Net Income: $45.90 million
Net Margins: 5.46%
Pretax Margin: 6.70%
Return on Equity: 10.49%
Return on Assets: 4.54%

Debt

Debt-to-Equity Ratio: N/A
Current Ratio: 2.13
Quick Ratio: 0.64

Sales & Book Value

Annual Sales: $498.24 million
Price / Sales: 0.58
Cash Flow: $2.66 per share
Price / Cash Flow: 7.15
Book Value: $10.33 per share
Price / Book: 1.84

Miscellaneous

Outstanding Shares: 15,180,000
Free Float: 13,869,000
Market Cap: $288.88 million
Optionable: Not Optionable
Beta: 2.43

Key Executives

Mr. Shawn David Nelson (Age 45)
Founder, CEO & Director
Comp: $907.35k

Ms. Mary Fox (Age 49)
Pres & COO
Comp: $1.09M

Ms. Donna L. Dellomo (Age 58)
Exec. VP, CFO, Treasurer & Sec.
Comp: $772.39k

Mr. Jack A. Krause (Age 59)
Chief Strategy Officer & Director
Comp: $906.97k

Mr. David Jensen
Chief Technology Officer

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

LOVE Stock - Frequently Asked Questions

Should I buy or sell Lovesac stock right now?: 6 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Lovesac in the last year. There are currently 6 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" LOVE shares.
View LOVE analyst ratings or view top-rated stocks.
What is Lovesac's stock price forecast for 2023?: 6 brokers have issued 12-month price targets for Lovesac's stock. Their LOVE share price forecasts range from $50.00 to $80.00. On average, they anticipate the company's stock price to reach $63.71 in the next year. This suggests a possible upside of 234.8% from the stock's current price.
View analysts price targets for LOVE or view top-rated stocks among Wall Street analysts.
How have LOVE shares performed in 2022?: Lovesac's stock was trading at $66.26 at the beginning of 2022. Since then, LOVE shares have decreased by 71.3% and is now trading at $19.03.
View the best growth stocks for 2022 here.
Are investors shorting Lovesac?: Lovesac saw a drop in short interest in November. As of November 15th, there was short interest totaling 1,550,000 shares, a drop of 9.4% from the October 31st total of 1,710,000 shares. Based on an average daily trading volume, of 376,400 shares, the short-interest ratio is currently 4.1 days. Currently, 11.8% of the company's stock are sold short.
View Lovesac's Short Interest.
When is Lovesac's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Wednesday, December 14th 2022.
View our LOVE earnings forecast.
How were Lovesac's earnings last quarter?: The Lovesac Company (NASDAQ:LOVE) issued its quarterly earnings results on Wednesday, December, 8th. The company reported $0.17 EPS for the quarter, beating analysts' consensus estimates of ($0.40) by $0.57. The business had revenue of $116.80 million for the quarter, compared to analysts' expectations of $112.19 million. Lovesac had a trailing twelve-month return on equity of 18.61% and a net margin of 7.52%. The firm's revenue for the quarter was up 56.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.16 earnings per share.
What is Shawn Nelson's approval rating as Lovesac's CEO?: 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.

What other stocks do shareholders of Lovesac own?: 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).
When did Lovesac IPO?: (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.
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 many different retail and institutional investors. Top institutional shareholders include Alliancebernstein L.P. (9.96%), BlackRock Inc. (6.11%), Vanguard Group Inc. (4.94%), Federated Hermes Inc. (4.12%), Marshall Wace LLP (2.13%) and State Street Corp (1.73%). Insiders that own company 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.
View institutional ownership trends.
How do I buy shares of Lovesac?: 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.
Compare Top Brokerages Here.
What is Lovesac's stock price today?: One share of LOVE stock can currently be purchased for approximately $19.03.
How much money does Lovesac make?: Lovesac (NASDAQ:LOVE) has a market capitalization of $288.95 million and generates $498.24 million in revenue each year. The company earns $45.90 million in net income (profit) each year or $2.77 on an earnings per share basis.
How many employees does Lovesac have?: The company employs 1,185 workers across the globe.
How can I contact Lovesac?: 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.

This page (NASDAQ:LOVE) was last updated on 12/9/2022 by MarketBeat.com Staff

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