FY2027 Earnings Estimate for Lovesac Issued By Roth Capital

The Lovesac Company (NASDAQ:LOVE) – Analysts at Roth Capital issued their FY2027 earnings estimates for shares of Lovesac in a research note issued to investors on Friday, December 13th. Roth Capital analyst M. Koranda forecasts that the company will earn $1.32 per share for the year. The consensus estimate for Lovesac’s current full-year earnings is $1.09 per share.

A number of other analysts also recently issued reports on LOVE. Roth Mkm lifted their price objective on shares of Lovesac from $35.00 to $42.00 and gave the company a “buy” rating in a report on Tuesday, December 10th. Craig Hallum lifted their price target on shares of Lovesac from $30.00 to $35.00 and gave the company a “buy” rating in a research note on Friday, September 13th. DA Davidson reduced their price objective on shares of Lovesac from $44.00 to $35.00 and set a “buy” rating for the company in a research note on Friday. Finally, Canaccord Genuity Group raised their price objective on Lovesac from $36.00 to $45.00 and gave the company a “buy” rating in a report on Monday, December 2nd. Six analysts have rated the stock with a buy rating, Based on data from MarketBeat, Lovesac currently has a consensus rating of “Buy” and a consensus target price of $38.33.

Lovesac Stock Performance

NASDAQ LOVE opened at $26.34 on Monday. Lovesac has a 52 week low of $18.21 and a 52 week high of $39.49. The stock’s 50 day moving average price is $31.56 and its two-hundred day moving average price is $27.29. The stock has a market capitalization of $409.82 million, a price-to-earnings ratio of 51.65, a PEG ratio of 0.99 and a beta of 2.97.

Lovesac (NASDAQ:LOVE) last issued its quarterly earnings results on Thursday, December 12th. The company reported ($0.32) EPS for the quarter, beating analysts’ consensus estimates of ($0.34) by $0.02. The company had revenue of $149.90 million for the quarter, compared to analyst estimates of $155.26 million. Lovesac had a return on equity of 4.83% and a net margin of 1.41%. The company’s quarterly revenue was down 2.7% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.15) earnings per share.

Insider Activity

In related news, Director Albert Jack Krause sold 10,000 shares of the stock in a transaction on Thursday, October 3rd. The stock was sold at an average price of $26.22, for a total value of $262,200.00. Following the sale, the director now owns 177,849 shares in the company, valued at approximately $4,663,200.78. This represents a 5.32 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 12.33% of the company’s stock.

Hedge Funds Weigh In On Lovesac

Institutional investors and hedge funds have recently modified their holdings of the stock. Meeder Asset Management Inc. bought a new stake in shares of Lovesac during the second quarter worth approximately $43,000. SG Americas Securities LLC bought a new stake in Lovesac in the 3rd quarter valued at $170,000. Franklin Resources Inc. bought a new stake in Lovesac in the 3rd quarter valued at $231,000. Valeo Financial Advisors LLC acquired a new position in Lovesac in the 3rd quarter valued at $242,000. Finally, Quest Partners LLC increased its position in Lovesac by 797.6% during the 2nd quarter. Quest Partners LLC now owns 8,572 shares of the company’s stock worth $194,000 after buying an additional 7,617 shares during the period. 91.32% of the stock is currently owned by institutional investors and hedge funds.

Lovesac Company Profile

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.