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.
Industry, Sector and Symbol
Industry Furniture stores
Sub-IndustryN/A
SectorRetail/Wholesale
CIKN/A
Phone888-636-1223
Debt
Price-To-Earnings
Sales & Book Value
Annual Sales$165.88 million
Profitability
Miscellaneous
Employees198
Next Earnings Date12/17/2019 (Estimated)
OptionableNot Optionable
Lovesac (NASDAQ:LOVE) Frequently Asked Questions
What is Lovesac's stock symbol?
Lovesac trades on the NASDAQ under the ticker symbol "LOVE."
How were Lovesac's earnings last quarter?
Lovesac Co (NASDAQ:LOVE) issued its earnings results on Wednesday, September, 11th. The company reported ($0.31) EPS for the quarter, topping the consensus estimate of ($0.51) by $0.20. The firm earned $48.10 million during the quarter, compared to analysts' expectations of $47.78 million. Lovesac had a negative return on equity of 9.23% and a negative net margin of 4.06%. The firm's revenue for the quarter was up 44.9% on a year-over-year basis. View Lovesac's Earnings History.
When is Lovesac's next earnings date?
What guidance has Lovesac issued on next quarter's earnings?
Lovesac updated its FY 2020 earnings guidance on Wednesday, September, 11th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $232.234-240.528 million, compared to the consensus revenue estimate of $239.9 million.
What price target have analysts set for LOVE?
6 brokerages have issued 12-month price objectives for Lovesac's stock. Their predictions range from $30.00 to $45.00. On average, they expect Lovesac's stock price to reach $35.83 in the next twelve months. This suggests a possible upside of 85.4% from the stock's current price. View Analyst Price Targets for Lovesac.
What is the consensus analysts' recommendation for Lovesac?
6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Lovesac in the last year. There are currently 6 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings 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. " (9/17/2019)
- 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?
News articles about LOVE stock have been trending somewhat negative on Saturday, according to InfoTrie Sentiment Analysis. InfoTrie identifies negative and positive press coverage by monitoring more than six thousand news and blog sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Lovesac earned a coverage optimism score of -1.5 on InfoTrie's scale. They also gave news articles about the company a news buzz of 0.0 out of 10, indicating that recent press coverage is extremely unlikely to have an impact on the stock's share price in the immediate future. View News Stories for Lovesac.
Are investors shorting Lovesac?
Lovesac saw a increase in short interest in the month of September. As of September 30th, there was short interest totalling 2,600,000 shares, an increase of 23.2% from the August 30th total of 2,110,000 shares. Based on an average daily trading volume, of 294,400 shares, the days-to-cover ratio is currently 8.8 days. Currently, 27.5% of the shares of the stock are short sold. View Lovesac's Current Options Chain.
Who are some of Lovesac's key competitors?
Some companies that are related to Lovesac include PC Connection (CNXN), Office Depot (ODP), Boot Barn (BOOT), Buckle (BKE), Weis Markets (WMK), Abercrombie & Fitch (ANF), Biglari (BH.A), 1-800-Flowers.Com (FLWS), Systemax (SYX), Zumiez (ZUMZ), Big Lots (BIG), Signet Jewelers (SIG), Ingles Markets (IMKTA), Conn's (CONN) and Regis (RGS).
What other stocks do shareholders of Lovesac own?
Who are Lovesac's key executives?
Lovesac's management team includes the folowing 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 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.
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 $19.33.
How big of a company is Lovesac?
What is Lovesac's official website?
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]
MarketBeat Community Rating for Lovesac (NASDAQ LOVE)
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.
