Lovesac (NASDAQ:LOVE) Updates FY 2025 Earnings Guidance

Lovesac (NASDAQ:LOVE) updated its FY 2025 earnings guidance on Thursday. 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.

Analysts Set New Price Targets

Several research analysts recently commented on the stock. Canaccord Genuity Group reaffirmed a buy rating and issued a $36.00 price target on shares of Lovesac in a research note on Friday, June 14th. Roth Mkm reiterated a buy rating and set a $30.00 target price on shares of Lovesac in a report on Wednesday, July 3rd. Maxim Group increased their target price on shares of Lovesac from $36.00 to $38.00 and gave the stock a buy rating in a report on Monday, June 17th. Finally, DA Davidson increased their target price on shares of Lovesac from $24.00 to $32.00 and gave the stock a buy rating in a report on Friday, June 14th. Five equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, the company currently has an average rating of Buy and a consensus target price of $34.20.

Lovesac Stock Up 0.5 %

Shares of Lovesac stock opened at $21.02 on Thursday. The firm’s 50 day moving average price is $24.54 and its 200-day moving average price is $23.94. Lovesac has a 52-week low of $14.18 and a 52-week high of $30.39. The company has a market cap of $326.88 million, a P/E ratio of 24.73, a PEG ratio of 0.58 and a beta of 2.90.

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

Insider Transactions at Lovesac

In other news, CEO Shawn David Nelson sold 18,988 shares of Lovesac stock in a transaction that occurred on Thursday, June 20th. The shares were sold at an average price of $23.33, for a total value of $442,990.04. Following the transaction, the chief executive officer now owns 165,855 shares of the company’s stock, valued at approximately $3,869,397.15. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 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.