The Lovesac (NASDAQ:LOVE) issued its quarterly earnings results on Tuesday. The company reported $1.37 EPS for the quarter, topping the Zacks’ consensus estimate of $0.58 by $0.79, MarketWatch Earnings reports. The Lovesac had a negative return on equity of 1.84% and a negative net margin of 0.55%. The company had revenue of $129.70 million during the quarter, compared to analysts’ expectations of $116.13 million. During the same quarter in the previous year, the firm posted $0.37 EPS. The firm’s revenue was up 40.7% compared to the same quarter last year.
NASDAQ LOVE opened at $62.28 on Thursday. The Lovesac has a 1 year low of $5.75 and a 1 year high of $72.33. The company has a market capitalization of $914.46 million, a PE ratio of -479.08, a P/E/G ratio of 13.79 and a beta of 2.58. The company has a fifty day moving average of $59.76 and a two-hundred day moving average of $44.85.
LOVE has been the subject of a number of research reports. Craig Hallum lifted their price target on The Lovesac from $50.00 to $85.00 in a research report on Wednesday. Zacks Investment Research upgraded The Lovesac from a “hold” rating to a “buy” rating and set a $70.00 price objective for the company in a research note on Tuesday, March 16th. Stifel Nicolaus reiterated a “buy” rating and set a $66.00 price objective on shares of The Lovesac in a research note on Monday, March 15th. Canaccord Genuity lifted their price objective on The Lovesac from $65.00 to $77.00 and gave the company a “buy” rating in a research note on Wednesday. Finally, Oppenheimer reiterated a “buy” rating and set a $60.00 price objective on shares of The Lovesac in a research note on Tuesday, January 26th. Eight equities research analysts have rated the stock with a buy rating, The Lovesac has a consensus rating of “Buy” and a consensus target price of $69.75.
The Lovesac Company Profile
The Lovesac Company designs, manufactures, and sells foam filled furniture, sectional couches, and related accessories. The company offers sactionals, such as seats and sides; sacs, including foam beanbag chairs; and accessories comprising drink holders, foot sac blankets, decorative pillows, fitted seat tables, and ottomans.
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