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NASDAQ:LOVE

Lovesac - LOVE Stock Forecast, Price & News

$36.31
-0.06 (-0.16%)
(As of 08/18/2022 03:59 PM ET)
Add
Compare
Today's Range
$34.77
$36.53
50-Day Range
$27.50
$38.70
52-Week Range
$26.05
$87.12
Volume
7,289 shs
Average Volume
298,023 shs
Market Capitalization
$549.37 million
P/E Ratio
12.79
Dividend Yield
N/A
Price Target
$94.86

Lovesac MarketRank™ Forecast

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
163.8% Upside
$94.86 Price Target
Short Interest
Bearish
18.20% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.83mentions of Lovesac in the last 14 days
Based on 6 Articles This Week
Insider Trading
Selling Shares
$271,120 Sold Last Quarter
Proj. Earnings Growth
19.61%
From $3.11 to $3.72 Per Share

Overall MarketRank

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

2.89 out of 5 stars

Retail/Wholesale Sector

19th out of 218 stocks

Furniture Stores Industry

2nd out of 4 stocks

LOVE stock logo

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.

Lovesac Trading Down 5.9 %

LOVE Stock opened at $36.37 on Thursday. The firm has a market cap of $550.28 million, a P/E ratio of 12.81, a P/E/G ratio of 0.35 and a beta of 2.40. Lovesac has a 1-year low of $26.05 and a 1-year high of $87.12. The business's 50 day moving average is $32.44 and its 200-day moving average is $39.54.

Lovesac (NASDAQ:LOVE - Get Rating) last issued its quarterly earnings data on Wednesday, June 8th. The company reported $0.12 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.20) by $0.32. The company had revenue of $129.40 million during the quarter, compared to analysts' expectations of $114.81 million. Lovesac had a return on equity of 21.22% and a net margin of 8.40%. The business's revenue was up 56.1% on a year-over-year basis. During the same period last year, the business earned $0.13 earnings per share. Sell-side analysts forecast that Lovesac will post 3.11 EPS for the current year.

Analysts Set New Price Targets

A number of research firms have issued reports on LOVE. Craig Hallum reduced their target price on shares of Lovesac to $100.00 in a research note on Thursday, June 9th. BTIG Research cut their price target on Lovesac from $100.00 to $80.00 and set a "buy" rating for the company in a report on Thursday, July 21st. Canaccord Genuity Group dropped their target price on shares of Lovesac from $104.00 to $70.00 in a research report on Thursday, June 9th. Stifel Nicolaus reduced their price target on shares of Lovesac from $110.00 to $90.00 in a report on Thursday, June 9th. Finally, DA Davidson dropped their price objective on shares of Lovesac from $135.00 to $124.00 in a report on Wednesday, June 1st. Five research analysts have rated the stock with a buy rating, According to MarketBeat.com, Lovesac currently has a consensus rating of "Buy" and a consensus target price of $96.00.

Insider Buying and Selling at Lovesac

In other news, CEO Shawn David Nelson sold 8,000 shares of Lovesac stock in a transaction that occurred on Friday, July 15th. The shares were sold at an average price of $33.89, for a total value of $271,120.00. Following the completion of the transaction, the chief executive officer now owns 64,895 shares in the company, valued at $2,199,291.55. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 8.66% of the company's stock.

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LOVE Stock News Headlines

Investor Alert: EV Initiatives Create Unsustainable Demand For Lithium
The soaring demand for lithium is driven by worldwide demand for electric vehicles (EVs). Lithium is ideal for electric cars. It's lightweight, stores lots of energy and is rechargeable. Sales of EVs are expected to increase 10-fold by 2030 and estimates are that 1 in 2 cars sold will be electric by 2040.
Investor Alert: EV Initiatives Create Unsustainable Demand For Lithium
The soaring demand for lithium is driven by worldwide demand for electric vehicles (EVs). Lithium is ideal for electric cars. It's lightweight, stores lots of energy and is rechargeable. Sales of EVs are expected to increase 10-fold by 2030 and estimates are that 1 in 2 cars sold will be electric by 2040.
5 Stocks I'm Betting the Farm On - Nasdaq
See More Headlines
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LOVE Company Calendar

Last Earnings
6/08/2022
Today
8/18/2022
Next Earnings (Estimated)
9/08/2022
Fiscal Year End
1/31/2023

Industry, Sector and Symbol

Industry
Furniture stores
Sub-Industry
N/A
Current Symbol
NASDAQ:LOVE
Fax
N/A
Employees
1,185
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$94.86
High Stock Price Forecast
$124.00
Low Stock Price Forecast
$70.00
Forecasted Upside/Downside
+161.2%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
4 Analysts

Profitability

Net Income
$45.90 million
Pretax Margin
7.10%

Debt

Sales & Book Value

Annual Sales
$498.24 million
Cash Flow
$2.32 per share
Book Value
$10.33 per share

Miscellaneous

Free Float
13,815,000
Market Cap
$549.37 million
Optionable
Not Optionable
Beta
2.40














LOVE Stock - Frequently Asked Questions

Should I buy or sell Lovesac stock right now?

4 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Lovesac in the last year. There are currently 4 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 2022?

4 brokers have issued 12-month price objectives for Lovesac's shares. Their LOVE share price forecasts range from $70.00 to $124.00. On average, they expect the company's stock price to reach $94.86 in the next year. This suggests a possible upside of 160.8% 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 the year. Since then, LOVE shares have decreased by 45.1% and is now trading at $36.37.
View the best growth stocks for 2022 here
.

When is Lovesac's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, September 8th 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, June, 8th. The company reported $0.12 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.20) by $0.32. The business had revenue of $129.40 million for the quarter, compared to analysts' expectations of $114.81 million. Lovesac had a trailing twelve-month return on equity of 21.22% and a net margin of 8.40%. The company's quarterly revenue was up 56.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.13 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 (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.

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 institutional and retail investors. Top institutional shareholders include FMR LLC (7.56%), AWM Investment Company Inc. (2.59%), Millennium Management LLC (1.96%), Kornitzer Capital Management Inc. KS (1.81%), State Street Corp (1.72%) and Citadel Advisors LLC (0.00%). 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 $36.37.

How much money does Lovesac make?

Lovesac (NASDAQ:LOVE) has a market capitalization of $550.28 million and generates $498.24 million in revenue each year. The company earns $45.90 million in net income (profit) each year or $2.84 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 8/18/2022 by MarketBeat.com Staff

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