#5 - Lovesac (NASDAQ:LOVE)
The Lovesac Co. (NASDAQ:LOVE) is another company that might not be top-of-mind as a disruptive stock. But as the lines between work and home, leisure and business continue to blur, the company’s products stand out.
Specifically, this is an American company that designs, manufactures, and sells furniture. Its signature product is a modular furniture product that it brands as a “sactional.” This is a sofa in two pieces: seats and sides. Consumers can add to the coach over time. The products are also made from recycled plastic bottles which should be very appealing to consumers who value sustainably manufactured products.
Not surprisingly, Lovesac became solidly profitable because of increased sales during the housing and renovation rush caused by the Covid-19 pandemic. There are some margin concerns most likely attributable to inflation. But the company looks to be appropriately valued, and revenue and earnings are projected to have strong growth in the next five years.
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
- $38.47
- Consensus Rating
- Buy
- Ratings Breakdown
- 6 Buy Ratings, 0 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- $35.17 (8.6% Downside)
