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NASDAQ:LOVELovesac Stock Price, Forecast & News

$13.81
+0.09 (+0.66 %)
(As of 05/22/2020 04:00 PM ET)
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Today's Range
$12.52
Now: $13.81
$13.85
50-Day Range
$4.14
MA: $10.25
$16.44
52-Week Range
$3.99
Now: $13.81
$40.50
Volume419,085 shs
Average Volume426,360 shs
Market Capitalization$199.83 million
P/E RatioN/A
Dividend YieldN/A
Beta2.66
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.
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Beat the Market (BTM) Rank

Analyst Opinion: 4.5Community Rank: 2.5Dividend Strength: 0.0Insider Behavior: 2.0Valuation: 0.6 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.93 out of 5 stars


Industry, Sector and Symbol

Industry Furniture stores
Sub-IndustryN/A
SectorRetail/Wholesale
Current SymbolNASDAQ:LOVE
CUSIPN/A
CIKN/A
Phone888-636-1223

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$233.38 million
Book Value$6.20 per share

Profitability

Net Income$-15,200,000.00

Miscellaneous

Employees198
Market Cap$199.83 million
Next Earnings Date6/8/2020 (Estimated)
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 Coronavirus reached pandemic status according to the World Health Organization (WHO). Since then, LOVE stock has increased by 88.4% and is now trading at $13.81. 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 Monday, June 8th 2020. View our earnings forecast for Lovesac.

How were Lovesac's earnings last quarter?

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

What price target have analysts set for LOVE?

8 brokers have issued 12-month target prices for Lovesac's shares. Their forecasts range from $10.00 to $33.00. On average, they anticipate Lovesac's stock price to reach $20.75 in the next twelve months. This suggests a possible upside of 50.3% 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 somewhat negative this week, InfoTrie Sentiment Analysis reports. InfoTrie rates the sentiment of press coverage by analyzing more than six thousand blog and news sources. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Lovesac earned a media sentiment score of -1.0 on InfoTrie's scale. They also assigned media coverage about the company a news buzz of 10.0 out of 10, meaning that recent press coverage is extremely likely to have an impact on the company's share price in the immediate future. View the latest news aboutLovesac.

Are investors shorting Lovesac?

Lovesac saw a increase in short interest in the month of 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 daily volume of 416,900 shares, the short-interest ratio is currently 7.6 days. Approximately 30.3% of the company's shares are short sold. View Lovesac's Current Options Chain.

Who are some of Lovesac's key competitors?

What other stocks do shareholders of Lovesac own?

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 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. (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 institutional 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. Company insiders that have sold Lovesac company stock in the last year include Sac Acquisition Llc, and Satori Capital, Llc. View insider buying and selling activity for Lovesac.

Which institutional investors are buying Lovesac stock?

LOVE stock was acquired 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 $13.81.

How big of a company is Lovesac?

Lovesac has a market capitalization of $199.83 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 5/24/2020 by MarketBeat.com Staff

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