Analysis of The Lovesac Company (LOVE)’s performance, earnings and valuation

A share price of The Lovesac Company [LOVE] is currently trading at $28.50, up 6.86%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The LOVE shares have gain 10.59% over the last week, with a monthly amount glided 29.28%, and seem to be holding up well over a long-time horizon.

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On 3, January 2023, The Lovesac Company Announces Participation in the 2023 ICR Conference. In a post published today on Yahoo Finance, The Lovesac Company (Nasdaq: LOVE) today announced that the Company is scheduled to participate in the 2023 ICR Conference on Monday, January 9, 2023, at 1:00 p.m. Eastern Time.

From an analyst’s perspective:

The Lovesac Company [NASDAQ: LOVE] stock has seen the most recent analyst activity on September 11, 2020, when Oppenheimer reiterated its Outperform rating and also boosted its price target to $40 from $30. Previously, BTIG Research reaffirmed its Buy rating on June 10, 2020, and elevated its price target to $30. On April 29, 2020, BTIG Research initiated with a Buy rating and assigned a price target of $22 on the stock. ROTH Capital started tracking the stock assigning a Buy rating and suggested a price target of $16 on April 20, 2020. Stifel upgraded its rating to a Buy and raised its price target to $12 on April 17, 2020. DA Davidson reiterated a Buy rating for this stock on April 09, 2020, and downed its price target to $16. In a note dated January 24, 2020, Odeon initiated an Buy rating and iterated a target price of $25 on this stock.

The Lovesac Company experienced fluctuations in its stock price throughout the past year between $17.60 and $63.41. Currently, Wall Street analysts expect the stock to reach $51.83 within the next 12 months. The Lovesac Company [NASDAQ: LOVE] shares were valued at $28.50 at the most recent close of the market. An investor can expect a potential return of 81.86% based on the average LOVE price forecast.

Analyzing the LOVE fundamentals

During the last quarter, The Lovesac Company [NASDAQ:LOVE] saw sales of 134.78 billion, an improvement of 15.50%. Gross Margin for this corporation currently stands at +53.16% with Operating Margin at +7.70%, Pretax Margin comes in at +7.68%, and Net Margin reading is +9.21%.

Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 27.19 points at the first support level, and at 25.88 for the second support level. However, for the 1st resistance point, the stock is sitting at 29.52, and for the 2nd resistance point, it is at 30.55.

The Lovesac Company [LOVE] reported earnings per share of $0.45 for its fiscal quarter that ended on 7/30/2022. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.41/share, meaning a difference of $0.04 and a surprise factor of 9.80%. By comparison, the stated earnings for the previous quarter ended on 4/29/2022 were $0.12 per share as compared to estimates of -$0.21 per share, a difference of $0.33 representing a surprise of 157.10%.

Ratios To Look Out For

A current ratio of 1.80 is a noteworthy aspect of The Lovesac Company [NASDAQ:LOVE]. Also, the Quick Ratio is 0.98, while the Cash Ratio stands at 0.78. Considering the valuation of this stock, the price to sales ratio is 1.63, the price to book ratio is 4.89 and the P/E (TTM) ratio is 14.07.

Transactions by insiders

We now turn our attention to insider trading, which in the past 3 months has resulted in 6 insider buyings of 52,832 shares and 2 insider sellings of 2,288 shares. Recent insider trading involved HEYER ANDREW R, Director, that happened on Jan 03 when 7000.0 shares were purchased. Director, HEYER ANDREW R completed a deal on Jan 03 to buy 10000.0 shares. Meanwhile, Director HEYER ANDREW R bought 21000.0 shares on Dec 30.