NASDAQ:LOVELovesac Stock Price, Forecast & News

$17.84

+0.88 (+5.19 %)

(As of 06/5/2020 04:00 PM ET)

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Today's Range

$17.13

Now: $17.84▼

$18.55

50-Day Range

$5.90

MA: $13.31▼

$20.71

52-Week Range

$3.99

Now: $17.84▼

$40.50

Volume497,306 shs

Average Volume408,936 shs

Market Capitalization$258.20 million

P/E RatioN/A

Dividend YieldN/A

Beta2.87

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.

Beat the Market (BTM) Rank^™

4.5 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 8 buy ratings, no hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $22.75, Lovesac has a potential upside of 27.5% from its current price of $17.84.
Amount of Analyst Coverage
Lovesac has been the subject of 6 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

2.5 Community Rank

Outperform Votes
Lovesac has received 90 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
Lovesac has received 89 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
Lovesac has received 50.28% “outperform” votes from our community.

MarketBeat's community ratings are surveys of what our community members think about Lovesac and other stocks. Vote “Outperform” if you believe LOVE will outperform the S&P 500 over the long term. Vote “Underperform” if you believe LOVE will underperform the S&P 500 over the long term. You may vote once every thirty days.

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.

1.0 Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Lovesac insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 31.31% of the stock of Lovesac is held by insiders.
Percentage Held by Institutions
80.39% of the stock of Lovesac is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

0.6 Earnings and Valuation

Earnings Growth
Earnings for Lovesac are expected to grow in the coming year, from ($1.05) to ($0.05) per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Lovesac is -16.37, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Ratio vs. Sector
The P/E ratio of Lovesac is -16.37, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Book Value per Share Ratio
Lovesac has a P/B Ratio of 2.88. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Overall Beat the Market Rank^™

1.73 out of 5 stars

Industry, Sector and Symbol

Stock Exchange NASDAQ

Industry Furniture stores

Sub-IndustryN/A

SectorRetail/Wholesale

Current SymbolNASDAQ:LOVE

Previous Symbol

CUSIPN/A

CIKN/A

Webwww.lovesac.com

Phone888-636-1223

Debt

Debt-to-Equity RatioN/A

Current Ratio3.09

Quick Ratio1.97

Price-To-Earnings

Trailing P/E RatioN/A

Forward P/E RatioN/A

P/E GrowthN/A

Sales & Book Value

Annual Sales$233.38 million

Price / Sales1.11

Cash FlowN/A

Price / Cash FlowN/A

Book Value$6.20 per share

Price / Book2.88

Profitability

EPS (Most Recent Fiscal Year)($1.04)

Net Income$-15,200,000.00

Net Margins-6.52%

Return on Equity-17.74%

Return on Assets-12.85%

Miscellaneous

Employees198

Outstanding Shares14,473,000

Market Cap$258.20 million

Next Earnings Date6/9/2020 (Confirmed)

OptionableNot Optionable

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Lovesac (NASDAQ:LOVE) Frequently Asked Questions

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

Lovesac's stock was trading at $7.33 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization (WHO). Since then, LOVE shares have increased by 143.4% and is now trading at $17.84. View which stocks have been most impacted by Coronavirus.

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 Tuesday, June 9th 2020. View our earnings forecast for Lovesac.

How can I listen to Lovesac's earnings call?

Lovesac will be holding an earnings conference call on Tuesday, June 9th at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

How were Lovesac's earnings last quarter?

Lovesac Co (NASDAQ:LOVE) issued its earnings results on Thursday, April, 16th. The company reported $0.37 earnings per share for the quarter, topping analysts' consensus estimates of $0.36 by $0.01. The firm had revenue of $92.20 million for the quarter, compared to analyst estimates of $90.64 million. Lovesac had a negative return on equity of 17.74% and a negative net margin of 6.52%. The firm's quarterly revenue was up 43.6% on a year-over-year basis. During the same period in the prior year, the firm earned $0.62 EPS. View Lovesac's earnings history.

What price target have analysts set for LOVE?

8 brokers have issued 12-month target prices for Lovesac's stock. Their forecasts range from $14.00 to $33.00. On average, they expect Lovesac's stock price to reach $22.75 in the next twelve months. This suggests a possible upside of 27.5% from the stock's current price. View analysts' price targets for Lovesac.

What are Wall Street analysts saying about Lovesac stock?

Here are some recent quotes from research analysts about Lovesac stock:

1. According to Zacks Investment Research, "The Lovesac Company retails home furnishing products. The Company offers alternative furniture store, sectionals, bean bags, bean bag chairs as well as other accessories such as blankets, footsacs and throw pillows. Its registered trademark consists of Lovesac(R), Sac(R) and Sactionals(R). The Lovesac Company is based in Stamford, Connecticut. " (4/22/2020)
2. Stifel Nicolaus analysts commented, "We are trimming our 2020 revenue by less than 1% as we shift revenue growth expectations from 3Q into 4Q on later timing of marketing initiatives and new showroom openings. The company supply chain transition is ahead of our expectation and should benefit gross margin progression into next year. We are lowering our PT on shares of LOVE to $32 from $38 on slightly lower revenue estimates and maintain our Buy rating." (9/11/2019)

Has Lovesac been receiving favorable news coverage?

Press coverage about LOVE stock has trended very negative on Friday, according to InfoTrie Sentiment Analysis. InfoTrie rates the sentiment of news coverage by analyzing more than six thousand blog and news sources in real time. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Lovesac earned a daily sentiment score of -3.0 on InfoTrie's scale. They also gave news headlines about the company a news buzz of 0.0 out of 10, meaning that recent news coverage is extremely unlikely to have an effect on the stock's share price in the near term. View the latest news aboutLovesac.

Are investors shorting Lovesac?

Lovesac saw a increase in short interest in May. As of May 15th, there was short interest totaling 3,160,000 shares, an increase of 17.9% from the April 30th total of 2,680,000 shares. Based on an average trading volume of 416,900 shares, the days-to-cover ratio is presently 7.6 days. Currently, 30.3% of the shares of the stock are sold short. View Lovesac's Current Options Chain.

Who are some of Lovesac's key competitors?

Some companies that are related to Lovesac include Arcos Dorados (ARCO), GMS (GMS), Biglari (BH.A), Buckle (BKE), Ingles Markets (IMKTA), Michaels Companies (MIK), Dine Brands Global (DIN), Overstock.com (OSTK), Signet Jewelers (SIG), Boot Barn (BOOT), Dillard's (DDS), Abercrombie & Fitch (ANF), Systemax (SYX), SpartanNash (SPTN) and Rite Aid (RAD). View all 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 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).

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 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.

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 investors include Alliancebernstein L.P. (10.75%), Janus Henderson Group PLC (7.84%), Wasatch Advisors Inc. (7.68%), Granahan Investment Management Inc. MA (5.21%), Kornitzer Capital Management Inc. KS (4.82%) and Federated Hermes Inc. (4.54%). Company insiders that own Lovesac stock include Albert Jack Krause, Andrew R Heyer, Sac Acquisition Llc and Satori Capital, Llc. 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 Russell Investments Group Ltd., Penn Capital Management Co. Inc., Alliancebernstein L.P., Janus Henderson Group PLC, UBS Group AG, and 1492 Capital 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 Kornitzer Capital Management Inc. KS, GSA Capital Partners LLP, Granahan Investment Management Inc. MA, Wasatch Advisors Inc., Federated Hermes Inc., JPMorgan Chase & Co., Connors Investor Services Inc., and Invenomic Capital Management LP. 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 $17.84.

How big of a company is Lovesac?

Lovesac has a market capitalization of $258.20 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 6/5/2020 by MarketBeat.com Staff