FY2027 Earnings Estimate for Lovesac Issued By Roth Capital

The Lovesac Company (NASDAQ:LOVE - Free Report) - Equities research analysts at Roth Capital issued their FY2027 EPS estimates for Lovesac in a report released on Friday, December 13th. Roth Capital analyst M. Koranda expects that the company will post earnings of $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 have also issued reports on the stock. DA Davidson cut their price target on shares of Lovesac from $44.00 to $35.00 and set a "buy" rating on the stock in a research note on Friday. Canaccord Genuity Group boosted their price objective on shares of Lovesac from $36.00 to $45.00 and gave the stock a "buy" rating in a research report on Monday, December 2nd. Craig Hallum increased their price objective on Lovesac from $30.00 to $35.00 and gave the company a "buy" rating in a report on Friday, September 13th. Finally, Roth Mkm boosted their price target on Lovesac from $35.00 to $42.00 and gave the company a "buy" rating in a research report on Tuesday, December 10th. Six investment 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

Shares of NASDAQ:LOVE traded up $0.61 during trading on Monday, reaching $26.95. The stock had a trading volume of 481,976 shares, compared to its average volume of 305,057. Lovesac has a 1-year low of $18.21 and a 1-year high of $39.49. The stock has a market cap of $419.32 million, a PE ratio of 52.41, a PEG ratio of 0.99 and a beta of 2.97. The business has a fifty day moving average price of $31.56 and a 200-day moving average price of $27.29.

Lovesac (NASDAQ:LOVE - Get Free Report) last released its quarterly earnings data on Thursday, December 12th. The company reported ($0.32) earnings per share for the quarter, topping analysts' consensus estimates of ($0.34) by $0.02. Lovesac had a net margin of 1.41% and a return on equity of 4.83%. The firm had revenue of $149.90 million for the quarter, compared to analyst estimates of $155.26 million. During the same quarter in the prior year, the business earned ($0.15) earnings per share. The business's quarterly revenue was down 2.7% compared to the same quarter last year.

Insider Transactions at Lovesac

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

Hedge Funds Weigh In On Lovesac

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Franklin Resources Inc. bought a new stake in Lovesac in the 3rd quarter valued at $231,000. Barclays PLC grew its holdings in Lovesac by 312.7% during the 3rd quarter. Barclays PLC now owns 20,312 shares of the company's stock worth $583,000 after acquiring an additional 15,390 shares during the last quarter. Soltis Investment Advisors LLC increased its holdings in shares of Lovesac by 8.8% in the third quarter. Soltis Investment Advisors LLC now owns 86,170 shares of the company's stock valued at $2,469,000 after purchasing an additional 6,988 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of Lovesac by 1.2% in the 3rd quarter. Geode Capital Management LLC now owns 336,210 shares of the company's stock valued at $9,634,000 after buying an additional 3,979 shares during the period. Finally, MML Investors Services LLC increased its position in Lovesac by 46.9% in the third quarter. MML Investors Services LLC now owns 138,893 shares of the company's stock worth $3,979,000 after purchasing an additional 44,358 shares during the period. Institutional investors and hedge funds own 91.32% of the company's stock.

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.