Lovesac (NASDAQ:LOVE – Get Free Report) is scheduled to issue its quarterly earnings data before the market opens on Thursday, September 12th. Analysts expect the company to announce earnings of ($0.45) per share for the quarter. Parties interested in participating in the company’s conference call can do so using this link.
Lovesac (NASDAQ:LOVE – Get Free Report) last issued its earnings results on Thursday, June 13th. The company reported ($0.83) EPS for the quarter, topping the consensus estimate of ($0.99) by $0.16. Lovesac had a net margin of 2.17% and a return on equity of 7.55%. The company had revenue of $132.64 million for the quarter, compared to the consensus estimate of $128.20 million. On average, analysts expect Lovesac to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.
Lovesac Stock Down 5.4 %
Shares of NASDAQ LOVE opened at $20.93 on Tuesday. Lovesac has a 52 week low of $14.18 and a 52 week high of $30.39. The firm’s fifty day moving average is $24.59 and its 200 day moving average is $23.97. The company has a market cap of $325.48 million, a price-to-earnings ratio of 24.62, a PEG ratio of 0.58 and a beta of 2.90.
Wall Street Analysts Forecast Growth
Read Our Latest Research Report on LOVE
Insider Transactions at Lovesac
In other news, CEO Shawn David Nelson sold 18,988 shares of the company’s stock in a transaction dated Thursday, June 20th. The shares were sold at an average price of $23.33, for a total value of $442,990.04. Following the sale, the chief executive officer now directly owns 165,855 shares of the company’s stock, valued at approximately $3,869,397.15. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 12.33% of the company’s stock.
About Lovesac
The Lovesac Company designs, manufactures, and sells furniture. It offers sactionals, such as seats and sides; sacs, including foam beanbag chairs; and other products comprising drink holders, footsac blankets, decorative pillows, fitted seat tables, and ottomans. The company markets its products primarily through www.lovesac.com website, as well as showrooms at top tier malls, lifestyle centers, mobile concierges, kiosks, and street locations in 41 states in the United States; and in store pop-up- shops and shop-in-shops, and barter inventory transactions.
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