The stock of The Lovesac Company (NASDAQ:LOVE) last traded at $22.08, down -7.30% from the previous session.
Data from the available sources indicates that The Lovesac Company (NASDAQ:LOVE) is covered by 6 analysts. The consensus rating among analysts is ‘Buy’. As we calculate the median target price by taking the range between a high of $64.00 and a low of $32.00, we find $55.00. Given the previous closing price of $23.82, this indicates a potential upside of 130.9 percent. LOVE stock price is now -17.53% away from the 50-day moving average and -19.34% away from the 200-day moving average. The market capitalization of the company currently stands at $356.59M.
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In total, 0 analysts have assigned it a hold rating, and 6 have given it a buy rating. Brokers who have rated the stock have averaged $51.83 as their price target over the next twelve months.
With the price target enhanced from $30 to $40, Oppenheimer maintained Outperform rating for The Lovesac Company (NASDAQ: LOVE). On June 10, 2020, BTIG Research reiterated its ‘Buy’ rating on the stock by increasing its target price from $22 to quote $30, while ‘ROTH Capital’ rates the stock as ‘Buy’.
In other news, HEYER ANDREW R, Director bought 10,000 shares of the company’s stock on Jan 03. The stock was bought for $230,000 at an average price of $23.00. Upon completion of the transaction, the Director now directly owns 172,970 shares in the company, valued at $3.82 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jan 03, Director HEYER ANDREW R bought 7,000 shares of the business’s stock. A total of $160,650 was incurred on buying the stock at an average price of $22.95. This leaves the insider owning 35,282 shares of the company worth $0.78 million. Insiders disposed of 47,290 shares of company stock worth roughly $1.04 million over the past 1 year. A total of 1.10% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in LOVE stock. A new stake in The Lovesac Company shares was purchased by INTRINSIC EDGE CAPITAL MANAGEMENT LLC during the first quarter worth $9,588,000. GRAHAM CAPITAL MANAGEMENT, L.P. invested $1,687,000 in shares of LOVE during the first quarter. In the first quarter, BURGUNDY ASSET MANAGEMENT LTD. acquired a new stake in The Lovesac Company valued at approximately $640,000. SQUAREPOINT OPS LLC acquired a new stake in LOVE for approximately $540,000. PERRITT CAPITAL MANAGEMENT INC purchased a new stake in LOVE valued at around $442,000 in the second quarter. In total, there are 188 active investors with 96.90% ownership of the company’s stock.
With an opening price of $24.10 on Tuesday morning, The Lovesac Company (NASDAQ: LOVE) set off the trading day. During the past 12 months, The Lovesac Company has had a low of $17.60 and a high of $63.41. As of last week, the company has a debt-to-equity ratio of 0.00, a current ratio of 1.80, and a quick ratio of 0.50. The fifty day moving average price for LOVE is $26.79 and a two-hundred day moving average price translates $27.34 for the stock.
The latest earnings results from The Lovesac Company (NASDAQ: LOVE) was released for Oct, 2022. According to the Furnishings Fixtures & Appliances Company, earnings per share came in at -$0.55, beating analysts’ expectations of -$0.76 by 0.21. This compares to $0.17 EPS in the same period last year. The net profit margin was 5.50% and return on equity was 20.80% for LOVE. The company reported revenue of $134.78 million for the quarter, compared to $116.68 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 15.52 percent. For the current quarter, analysts expect LOVE to generate $217.6M in revenue.
The Lovesac Company(LOVE) Company Profile
The Lovesac Company designs, manufactures, and sells furniture. 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. As of January 30, 2022, the company operated 146 showrooms. It markets its products primarily through lovesac.com website, as well as showrooms at top tier malls, lifestyle centers, kiosks, mobile concierges, and street locations in 39 states of the United States; and in store pop-up- shops and shop-in-shops. The Lovesac Company was founded in 1995 and is headquartered in Stamford, Connecticut.
