Lovesac (NASDAQ:LOVE) Updates FY 2025 Earnings Guidance

Lovesac (NASDAQ:LOVE - Get Free Report) issued an update on its FY 2025 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of 0.270-0.740 for the period, compared to the consensus estimate of 2.120. The company issued revenue guidance of $660.0 million-$680.0 million, compared to the consensus revenue estimate of $713.0 million. Lovesac also updated its Q4 guidance to $1.67-$2.14 EPS.

Lovesac Trading Down 31.0 %

LOVE traded down $11.68 on Thursday, reaching $26.00. The stock had a trading volume of 2,208,007 shares, compared to its average volume of 299,801. Lovesac has a fifty-two week low of $18.21 and a fifty-two week high of $39.49. The firm has a 50-day moving average of $31.54 and a 200-day moving average of $27.31. The company has a market capitalization of $404.53 million, a price-to-earnings ratio of 50.82, a price-to-earnings-growth ratio of 1.00 and a beta of 2.97.

Lovesac (NASDAQ:LOVE - Get Free Report) last issued its earnings results on Thursday, December 12th. The company reported ($0.32) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.34) by $0.02. Lovesac had a return on equity of 4.83% and a net margin of 1.41%. The business had revenue of $149.90 million during the quarter, compared to analysts' expectations of $155.26 million. During the same quarter in the prior year, the firm earned ($0.15) EPS. The business's revenue for the quarter was down 2.7% compared to the same quarter last year. Sell-side analysts anticipate that Lovesac will post 1.09 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research firms have commented on LOVE. DA Davidson reiterated a "buy" rating and issued a $32.00 price target on shares of Lovesac in a research report on Thursday, October 3rd. Canaccord Genuity Group upped their price target on Lovesac from $36.00 to $45.00 and gave the company a "buy" rating in a research report on Monday, December 2nd. Craig Hallum upped their price target on Lovesac from $30.00 to $35.00 and gave the company a "buy" rating in a research report on Friday, September 13th. Finally, Roth Mkm upped their price target on Lovesac from $35.00 to $42.00 and gave the company a "buy" rating in a research report on Tuesday. Six analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock has a consensus rating of "Buy" and an average price target of $37.83.

Insider Activity at Lovesac

In related news, Director Albert Jack Krause sold 10,000 shares of the company's stock in a transaction dated Thursday, October 3rd. The stock was sold at an average price of $26.22, for a total transaction of $262,200.00. Following the sale, the director now owns 177,849 shares in the company, valued at $4,663,200.78. This represents a 5.32 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 12.33% of the stock is owned by corporate insiders.

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.