Lovesac (NASDAQ:LOVE) Updates FY 2025 Earnings Guidance

Lovesac (NASDAQ:LOVE) issued an update on its FY 2025 earnings guidance on Thursday morning. The company provided earnings per share guidance of 1.010-1.260 for the period, compared to the consensus earnings per share estimate of 1.230. The company issued revenue guidance of $700.0 million-$735.0 million, compared to the consensus revenue estimate of $732.2 million. Lovesac also updated its FY25 guidance to $1.01-$1.26 EPS.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the company. Craig Hallum upped their price target on Lovesac from $30.00 to $35.00 and gave the stock a buy rating in a research note on Friday. Roth Mkm increased their target price on Lovesac from $30.00 to $31.00 and gave the stock a buy rating in a research note on Friday. Maxim Group lifted their target price on Lovesac from $36.00 to $38.00 and gave the company a buy rating in a research report on Monday, June 17th. Canaccord Genuity Group reissued a buy rating and issued a $36.00 price objective on shares of Lovesac in a research note on Friday. Finally, DA Davidson upped their target price on shares of Lovesac from $24.00 to $32.00 and gave the stock a buy rating in a research note on Friday, June 14th. Six research analysts have rated the stock with a buy rating, According to MarketBeat.com, the company has a consensus rating of Buy and a consensus target price of $34.50.

Lovesac Stock Up 2.9 %

NASDAQ LOVE opened at $26.25 on Friday. The stock has a market capitalization of $408.21 million, a PE ratio of 30.88, a price-to-earnings-growth ratio of 0.55 and a beta of 2.90. The firm has a 50 day moving average of $24.70 and a two-hundred day moving average of $23.97. Lovesac has a 52 week low of $14.18 and a 52 week high of $30.39.

Lovesac (NASDAQ:LOVE) last released its quarterly earnings data on Thursday, June 13th. The company reported ($0.83) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.99) by $0.16. The business had revenue of $132.64 million during the quarter, compared to analysts’ expectations of $128.20 million. Lovesac had a return on equity of 7.55% and a net margin of 2.17%. On average, equities research analysts expect that Lovesac will post 1.09 earnings per share for the current fiscal year.

Insider Transactions at Lovesac

In other news, CEO Shawn David Nelson sold 18,988 shares of the business’s stock in a transaction dated Thursday, June 20th. The stock was sold at an average price of $23.33, for a total value of $442,990.04. Following the completion of the sale, the chief executive officer now directly owns 165,855 shares of the company’s stock, valued at approximately $3,869,397.15. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 12.33% of the company’s stock.

About Lovesac

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.