#1 - Lovesac (NASDAQ:LOVE)
Lovesac (NASDAQ:LOVE) was a big winner during the pandemic. The company is noteworthy for its modular furniture. And when consumers were reimagining their living spaces, the company’s products were popular. That was reflected in revenue that jumped 37% from $233.36 million in the fiscal year 2020 (which ended in April 2020) to $320.70 million in 2021.
But the company wasn’t done. In the fiscal year just ended, Lovesac posted $498.30 million in sales, a 55% jump from the prior year. And full-year earnings came in at $2.85 per share for the full year. To put that in context, the full-year EPS for the prior year was 89 cents per share. And both revenue and earnings have been growing on a quarterly basis.
Now add to this bullish case the fact that housing starts continue to be strong. That means there will continue to be living spaces to furnish. And this adds credibility to the thought that the company could very well hit the $111.33 price target set by analysts.
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
- $38.06
- Consensus Rating
- Buy
- Ratings Breakdown
- 6 Buy Ratings, 0 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- $36.67 (3.7% Downside)
