Lovesac (NASDAQ:LOVE) Issues FY 2025 Earnings Guidance

Lovesac (NASDAQ:LOVE) updated its FY 2025 earnings guidance on Thursday. The company provided EPS guidance of 1.060-1.590 for the period, compared to the consensus EPS estimate of 1.230. The company issued revenue guidance of $700.0 million-$770.0 million, compared to the consensus revenue estimate of $714.5 million. Lovesac also updated its FY25 guidance to $1.06-$1.59 EPS.

Analyst Ratings Changes

LOVE has been the topic of several research analyst reports. Maxim Group assumed coverage on Lovesac in a research note on Wednesday, April 17th. They set a buy rating and a $36.00 price objective on the stock. Roth Mkm restated a buy rating and set a $30.00 price objective on shares of Lovesac in a research note on Tuesday, June 11th. Oppenheimer cut their target price on Lovesac from $60.00 to $35.00 and set an outperform rating on the stock in a research note on Wednesday, May 1st. DA Davidson raised their target price on Lovesac from $24.00 to $32.00 and gave the company a buy rating in a research report on Friday. Finally, Canaccord Genuity Group reiterated a buy rating and set a $36.00 price target on shares of Lovesac in a research report on Friday. Five analysts have rated the stock with a buy rating, According to MarketBeat, the company presently has an average rating of Buy and an average target price of $33.80.

Lovesac Price Performance

Shares of NASDAQ:LOVE opened at $24.25 on Friday. The stock has a market cap of $375.63 million, a price-to-earnings ratio of 28.53, a PEG ratio of 0.64 and a beta of 2.86. Lovesac has a 12 month low of $14.18 and a 12 month high of $29.81. The stock’s 50 day moving average price is $24.59 and its 200 day moving average price is $24.04.

Lovesac (NASDAQ:LOVE) last issued its quarterly earnings results on Thursday, June 13th. The company reported ($0.83) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.99) by $0.16. The company had revenue of $132.64 million for the quarter, compared to analysts’ expectations of $128.20 million. Lovesac had a return on equity of 7.64% and a net margin of 2.17%. On average, sell-side analysts expect that Lovesac will post 1.09 EPS for the current year.

Insiders Place Their Bets

In other Lovesac news, Director Andrew R. Heyer acquired 3,856 shares of the stock in a transaction dated Tuesday, April 16th. The shares were bought at an average price of $18.76 per share, with a total value of $72,338.56. Following the purchase, the director now directly owns 3,856 shares of the company’s stock, valued at approximately $72,338.56. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In related news, Director Andrew R. Heyer acquired 3,856 shares of Lovesac stock in a transaction dated Tuesday, April 16th. The stock was acquired at an average cost of $18.76 per share, with a total value of $72,338.56. Following the purchase, the director now directly owns 3,856 shares in the company, valued at approximately $72,338.56. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CFO Keith R. Siegner bought 4,800 shares of the company’s stock in a transaction dated Friday, April 19th. The stock was purchased at an average cost of $20.80 per share, for a total transaction of $99,840.00. Following the completion of the transaction, the chief financial officer now owns 4,800 shares of the company’s stock, valued at $99,840. The disclosure for this purchase can be found here. 12.33% of the stock is owned by company insiders.

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.