FY2027 Earnings Estimate for Lovesac Issued By Roth Capital

The Lovesac Company (NASDAQ:LOVE) – Roth Capital issued their FY2027 earnings per share estimates for Lovesac in a research note issued on Friday, December 13th. Roth Capital analyst M. Koranda expects that the company will post earnings per share of $1.32 for the year. The consensus estimate for Lovesac’s current full-year earnings is $1.09 per share.

Lovesac (NASDAQ:LOVE) last announced its quarterly earnings results on Thursday, December 12th. The company reported ($0.32) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.34) by $0.02. Lovesac had a net margin of 1.41% and a return on equity of 4.83%. 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 earned ($0.15) earnings per share. Lovesac’s quarterly revenue was down 2.7% on a year-over-year basis.

Other analysts have also recently issued research reports about the stock. Canaccord Genuity Group boosted their target price on shares of Lovesac from $36.00 to $45.00 and gave the company a “buy” rating in a report on Monday, December 2nd. DA Davidson dropped their price objective on shares of Lovesac from $44.00 to $35.00 and set a “buy” rating on the stock in a research note on Friday. Roth Mkm raised their target price on shares of Lovesac from $35.00 to $42.00 and gave the company a “buy” rating in a research note on Tuesday, December 10th. Finally, Craig Hallum lifted their target price on shares of Lovesac from $30.00 to $35.00 and gave the company a “buy” rating in a report on Friday, September 13th. Six investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of $38.33.

Lovesac Stock Performance

Shares of NASDAQ:LOVE opened at $26.95 on Monday. The firm has a market capitalization of $419.32 million, a P/E ratio of 52.84, a P/E/G ratio of 0.99 and a beta of 2.97. The stock has a 50 day moving average price of $31.61 and a 200-day moving average price of $27.28. Lovesac has a 52-week low of $18.21 and a 52-week high of $39.49.

Insider Buying and Selling at Lovesac

In other Lovesac news, Director Albert Jack Krause sold 10,000 shares of the 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 sale, the director now directly owns 177,849 shares in the company, valued at approximately $4,663,200.78. This trade represents a 5.32 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 12.33% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of LOVE. Franklin Resources Inc. purchased a new position in Lovesac in the 3rd quarter worth about $231,000. Barclays PLC grew its stake in shares of Lovesac by 312.7% in the third 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 period. Soltis Investment Advisors LLC grew its stake 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 worth $2,469,000 after acquiring an additional 6,988 shares during the period. Geode Capital Management LLC lifted its position in Lovesac by 1.2% during the third quarter. Geode Capital Management LLC now owns 336,210 shares of the company’s stock valued at $9,634,000 after purchasing an additional 3,979 shares during the period. Finally, MML Investors Services LLC boosted its holdings 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 last quarter. 91.32% of the stock is owned by institutional investors.

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.