Lovesac (LOVE) to Release Earnings on Thursday

Lovesac (NASDAQ:LOVEGet Free Report) will be announcing its earnings results before the market opens on Thursday, June 13th. Analysts expect the company to announce earnings of ($0.99) per share for the quarter.

Lovesac (NASDAQ:LOVEGet Free Report) last posted its quarterly earnings results on Thursday, April 11th. The company reported $1.87 EPS for the quarter, missing the consensus estimate of $1.93 by ($0.06). The business had revenue of $250.00 million during the quarter, compared to analyst estimates of $265.35 million. Lovesac had a return on equity of 12.19% and a net margin of 3.39%. The business’s revenue was up 4.8% on a year-over-year basis. During the same quarter last year, the firm earned $1.74 EPS. On average, analysts expect Lovesac to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Lovesac Stock Down 1.1 %

NASDAQ:LOVE opened at $26.71 on Friday. The company has a fifty day simple moving average of $24.25 and a two-hundred day simple moving average of $23.74. The company has a market cap of $413.74 million, a price-to-earnings ratio of 19.08, a price-to-earnings-growth ratio of 0.70 and a beta of 2.86. Lovesac has a 52 week low of $14.18 and a 52 week high of $29.81.

Insider Activity

In other news, CEO Shawn David Nelson sold 6,000 shares of the company’s stock in a transaction dated Friday, March 15th. The shares were sold at an average price of $22.44, for a total value of $134,640.00. Following the completion of the sale, the chief executive officer now directly owns 179,970 shares of the company’s stock, valued at $4,038,526.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other news, CEO Shawn David Nelson sold 6,000 shares of the company’s stock in a transaction dated Friday, March 15th. The shares were sold at an average price of $22.44, for a total value of $134,640.00. Following the completion of the sale, the chief executive officer now directly owns 179,970 shares of the company’s stock, valued at $4,038,526.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Keith R. Siegner purchased 4,800 shares of the company’s stock in a transaction dated Friday, April 19th. The shares were purchased at an average price of $20.80 per share, for a total transaction of $99,840.00. Following the completion of the purchase, the chief financial officer now owns 4,800 shares of the company’s stock, valued at $99,840. The disclosure for this purchase can be found here. Corporate insiders own 12.33% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on LOVE. Canaccord Genuity Group decreased their price objective on shares of Lovesac from $44.00 to $36.00 and set a “buy” rating for the company in a research report on Friday, April 12th. Roth Mkm reissued a “buy” rating and issued a $34.00 price target on shares of Lovesac in a research report on Wednesday, April 10th. Maxim Group assumed coverage on shares of Lovesac in a research report on Wednesday, April 17th. They issued a “buy” rating and a $36.00 price target for the company. Finally, Oppenheimer reduced their price target on shares of Lovesac from $60.00 to $35.00 and set an “outperform” rating for the company in a research report on Wednesday, May 1st.

View Our Latest Report on LOVE

About Lovesac

(Get Free Report)

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.

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Earnings History for Lovesac (NASDAQ:LOVE)

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