The Lovesac (NASDAQ:LOVE) released its quarterly earnings data on Tuesday. The company reported $0.13 EPS for the quarter, beating the consensus estimate of ($0.58) by $0.71, MarketWatch Earnings reports. The business had revenue of $82.90 million for the quarter, compared to the consensus estimate of $75.06 million. The Lovesac had a net margin of 4.59% and a return on equity of 16.47%. The business’s revenue for the quarter was up 52.4% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.58) EPS.
NASDAQ:LOVE opened at $83.42 on Thursday. The business’s fifty day moving average is $73.38. The firm has a market capitalization of $1.25 billion, a PE ratio of 95.89, a PEG ratio of 5.99 and a beta of 2.49. The Lovesac has a fifty-two week low of $18.88 and a fifty-two week high of $95.51.
In other The Lovesac news, CEO Shawn David Nelson sold 6,000 shares of the company’s stock in a transaction on Monday, April 19th. The shares were sold at an average price of $69.00, for a total transaction of $414,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 31.31% of the company’s stock.
The 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 accessories comprising drink holders, foot sac blankets, decorative pillows, fitted seat tables, and ottomans. As of January 31, 2021, the Company operated 108 showrooms.
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