What is Roth Capital’s Forecast for Lovesac FY2027 Earnings?

The Lovesac Company (NASDAQ:LOVE) – Research analysts at Roth Capital issued their FY2027 earnings estimates for Lovesac in a research note issued to investors on Friday, December 13th. Roth Capital analyst M. Koranda forecasts 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.

Several other brokerages have also recently weighed in on LOVE. Canaccord Genuity Group upped their price target on Lovesac from $36.00 to $45.00 and gave the company a “buy” rating in a research report on Monday, December 2nd. DA Davidson cut their price target on shares of Lovesac from $44.00 to $35.00 and set a “buy” rating for the company in a report on Friday. Craig Hallum upped their price target on shares of Lovesac from $30.00 to $35.00 and gave the stock a “buy” rating in a report on Friday, September 13th. Finally, Roth Mkm lifted their price objective on Lovesac from $35.00 to $42.00 and gave the company a “buy” rating in a research note on Tuesday, December 10th. Six research analysts have rated the stock with a buy rating, According to data from MarketBeat, Lovesac currently has a consensus rating of “Buy” and a consensus price target of $38.33.

Lovesac Stock Performance

NASDAQ:LOVE opened at $26.95 on Monday. Lovesac has a 52-week low of $18.21 and a 52-week high of $39.49. The business’s fifty day moving average is $31.61 and its 200 day moving average is $27.28. The firm has a market cap of $419.32 million, a price-to-earnings ratio of 52.84, a PEG ratio of 0.99 and a beta of 2.97.

Lovesac (NASDAQ:LOVE) last released its quarterly earnings data on Thursday, December 12th. The company reported ($0.32) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.34) by $0.02. The business had revenue of $149.90 million during the quarter, compared to analyst estimates of $155.26 million. Lovesac had a net margin of 1.41% and a return on equity of 4.83%. Lovesac’s revenue was down 2.7% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.15) EPS.

Insider Activity at Lovesac

In other news, Director Albert Jack Krause sold 10,000 shares of the business’s stock in a transaction that occurred 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 sale, the director now directly owns 177,849 shares in the company, valued at approximately $4,663,200.78. The trade was a 5.32 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 12.33% of the stock is owned by insiders.

Institutional Investors Weigh In On Lovesac

A number of hedge funds and other institutional investors have recently modified their holdings of LOVE. Meeder Asset Management Inc. purchased a new position in Lovesac in the 2nd quarter worth approximately $43,000. SG Americas Securities LLC bought a new position in shares of Lovesac in the third quarter worth approximately $170,000. Franklin Resources Inc. purchased a new position in shares of Lovesac in the third quarter worth $231,000. Valeo Financial Advisors LLC bought a new stake in Lovesac during the 3rd quarter valued at $242,000. Finally, Quest Partners LLC boosted its position in Lovesac by 797.6% during the 2nd quarter. Quest Partners LLC now owns 8,572 shares of the company’s stock valued at $194,000 after buying an additional 7,617 shares during the period. Institutional investors own 91.32% of the company’s stock.

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.