Lovesac (NASDAQ:LOVE) Releases Q4 Earnings Guidance

Lovesac (NASDAQ:LOVE - Get Free Report) updated its fourth quarter earnings guidance on Thursday. The company provided EPS guidance of $1.67-$2.14 for the period, compared to the consensus EPS estimate of $2.53. The company issued revenue guidance of $221-$241 million, compared to the consensus revenue estimate of $268.54 million. Lovesac also updated its FY 2025 guidance to 0.270-0.740 EPS.

Wall Street Analysts Forecast Growth

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

Lovesac Trading Down 31.7 %

NASDAQ:LOVE traded down $11.94 during mid-day trading on Thursday, hitting $25.74. The stock had a trading volume of 2,575,853 shares, compared to its average volume of 301,799. The company has a 50 day simple moving average of $31.54 and a 200-day simple moving average of $27.31. The stock has a market capitalization of $400.49 million, a price-to-earnings ratio of 50.82, a P/E/G ratio of 1.00 and a beta of 2.97. Lovesac has a 52 week low of $18.21 and a 52 week high of $39.49.

Lovesac (NASDAQ:LOVE - Get Free Report) last released its quarterly earnings results on Thursday, December 12th. The company reported ($0.32) earnings per share for the quarter, beating 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 company had revenue of $149.90 million for the quarter, compared to analysts' expectations of $155.26 million. During the same quarter in the previous year, the company posted ($0.15) earnings per share. The business's revenue for the quarter was down 2.7% compared to the same quarter last year. As a group, equities research analysts anticipate that Lovesac will post 1.09 earnings per share for the current year.

Insiders Place Their Bets

In other news, Director Albert Jack Krause sold 10,000 shares of the stock in a transaction that occurred on Thursday, October 3rd. The shares were sold at an average price of $26.22, for a total value of $262,200.00. Following the completion of the transaction, the director now directly owns 177,849 shares in the company, valued at $4,663,200.78. This trade represents a 5.32 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 12.33% of the stock is currently owned by insiders.

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.