NASDAQ:LOVELovesac Stock Price, Forecast & 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 229.6% and is now trading at $24.16. 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) issued its quarterly earnings data on Tuesday, June, 9th. The company reported ($0.58) EPS for the quarter, beating analysts' consensus estimates of ($0.69) by $0.11. The company earned $54.40 million during the quarter, compared to the consensus estimate of $47.20 million. Lovesac had a negative return on equity of 16.22% and a negative net margin of 5.86%. The business's quarterly revenue was up 32.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($0.67) earnings per share. View Lovesac's earnings history.

8 Wall Street analysts 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 29.3% from the stock's current price. View analysts' price targets for Lovesac.

News stories about LOVE stock have trended very negative on Monday, according to InfoTrie Sentiment Analysis. InfoTrie scores the sentiment of media coverage by reviewing more than six thousand blog and news sources in real-time. The firm ranks coverage of public companies on a scale of -5 to 5, with scores closest to five being the most favorable. Lovesac earned a news sentiment score of -3.2 on InfoTrie's scale. They also assigned news coverage about the company a news buzz of 0.0 out of 10, meaning that recent media coverage is extremely unlikely to have an effect on the company's share price in the immediate future. View the latest news about Lovesac.

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

Some companies that are related to Lovesac include Big Lots (BIG), Sonic Automotive (SAH), Rush Enterprises (RUSHA), 1-800-Flowers.Com (FLWS), Sally Beauty (SBH), Weis Markets (WMK), Rush Enterprises (RUSHB), Group 1 Automotive (GPI), Revolve Group (RVLV), Luk Fook Holdings (International) (LKFLF), Office Depot (ODP), Bed Bath & Beyond (BBBY), Arcos Dorados (ARCO), Brinker International (EAT) and PC Connection (CNXN). 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 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."

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 $24.16.

Lovesac has a market capitalization of $350.80 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]