Lovesac (LOVE) Projected to Post Earnings on Thursday

Lovesac (NASDAQ:LOVE) is anticipated to issue its quarterly earnings data before the market opens on Thursday, April 10th. Analysts expect the company to announce earnings of $1.80 per share and revenue of $230.33 million for the quarter. Persons that are interested in participating in the company’s earnings conference call can do so using this link.

Lovesac Stock Performance

Shares of NASDAQ LOVE opened at $13.14 on Tuesday. The business has a 50 day simple moving average of $20.10 and a 200 day simple moving average of $25.80. Lovesac has a 52 week low of $12.97 and a 52 week high of $39.49. The stock has a market cap of $202.79 million, a price-to-earnings ratio of 38.65, a PEG ratio of 0.65 and a beta of 3.08.

Insider Buying and Selling

In other news, Director Albert Jack Krause sold 30,000 shares of the firm’s stock in a transaction on Friday, January 17th. The shares were sold at an average price of $26.33, for a total value of $789,900.00. Following the sale, the director now owns 147,849 shares in the company, valued at approximately $3,892,864.17. This trade represents a 16.87 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 12.33% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on LOVE. DA Davidson restated a “buy” rating and set a $35.00 price target on shares of Lovesac in a report on Tuesday, March 25th. Roth Mkm boosted their price target on Lovesac from $35.00 to $42.00 and gave the stock a “buy” rating in a research report on Tuesday, December 10th. Six research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Lovesac currently has a consensus rating of “Buy” and an average target price of $38.33.

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.