Lovesac (NASDAQ:LOVE) Updates Q4 Earnings Guidance

Lovesac (NASDAQ:LOVE) updated its fourth quarter earnings guidance on Thursday. The company provided EPS guidance of $1.67-$2.14 for the period, compared to the consensus EPS estimate of $2.53. The company issued revenue guidance of $221-$241 million, compared to the consensus revenue estimate of $268.54 million. Lovesac also updated its FY 2025 guidance to 0.270-0.740 EPS.

Lovesac Stock Up 1.3 %

Shares of Lovesac stock opened at $37.68 on Thursday. The company has a 50 day moving average price of $31.54 and a 200 day moving average price of $27.31. The firm has a market capitalization of $586.26 million, a P/E ratio of 73.88, a PEG ratio of 1.00 and a beta of 2.97. Lovesac has a 52 week low of $18.21 and a 52 week high of $39.49.

Lovesac (NASDAQ:LOVE) last posted its quarterly earnings results on Thursday, December 12th. The company reported ($0.32) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.34) by $0.02. The business had revenue of $149.90 million during the quarter, compared to analysts’ expectations of $155.26 million. Lovesac had a net margin of 1.41% and a return on equity of 4.83%. The business’s quarterly revenue was down 2.7% on a year-over-year basis. During the same quarter last year, the company posted ($0.15) earnings per share. As a group, research analysts anticipate that Lovesac will post 1.09 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

LOVE has been the topic of several research analyst reports. DA Davidson reiterated a “buy” rating and set a $32.00 price target on shares of Lovesac in a research note on Thursday, October 3rd. Craig Hallum lifted their target price on Lovesac from $30.00 to $35.00 and gave the stock a “buy” rating in a report on Friday, September 13th. Roth Mkm increased their price target on shares of Lovesac from $35.00 to $42.00 and gave the stock a “buy” rating in a report on Tuesday. Finally, Canaccord Genuity Group raised their price target 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. Six equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, Lovesac presently has an average rating of “Buy” and a consensus target price of $37.83.

Insider Transactions at Lovesac

In related news, Director Albert Jack Krause sold 10,000 shares of the business’s stock in a transaction on Thursday, October 3rd. The shares were sold at an average price of $26.22, for a total value of $262,200.00. Following the completion of the transaction, the director now directly owns 177,849 shares in the company, valued at $4,663,200.78. The trade was a 5.32 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 12.33% 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.