#1 - Lovesac (NASDAQ:LOVE)
The Lovesac Company (NASDAQ: LOVE) presents investors with an intriguing opportunity. The company is delivering strong topline growth that is not yet fully appreciated by investors.
Lovesac was a pandemic winner that saw its revenue rocket higher as many buyers moved into new homes in new locations. And the homeowners that stayed in place were scrambling to find ways to reconfigure their homes and home offices.
That growth was expected to decline as the housing market slumped and pandemic restrictions eased. But the company is still posting strong revenue. In fact, in the first quarter of its 2024 fiscal year, the company posted a 10% year-over-year (YOY) revenue gain.
That trend is expected to continue because the company offers a product that, for now, is not easily replicated. And with earnings expected to post YOY growth of 40%, the stock should have enough fuel to double your investment by 2025.
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.
Read More - Current Price
- $25.31
- Consensus Rating
- Buy
- Ratings Breakdown
- 4 Buy Ratings, 0 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- $35.25 (39.3% Upside)
