Lovesac Company [LOVE] stock is trading at $23.34, down -4.31%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The LOVE shares have gain 3.60% over the last week, with a monthly amount glided 5.95%, and seem to be holding up well over a long-time horizon.
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On 21, March 2024, The Lovesac Company to Announce Fourth Quarter and Fiscal 2024 Earnings Results. In a post published today on Yahoo Finance, The Lovesac Company (Nasdaq: LOVE) today announced that its fourth quarter and fiscal 2024 financial results will be released before market open on Thursday, April 11, 2024. The Company will host a conference call at 8:30 a.m. Eastern Time to discuss the financial results.
From an analyst’s perspective:
Lovesac Company [NASDAQ: LOVE] stock has seen the most recent analyst activity on March 29, 2023, when ROTH MKM reiterated its Buy rating and also boosted its price target to $36 from $32. Previously, Oppenheimer reaffirmed its Outperform rating on September 11, 2020, and elevated its price target to $40. On June 10, 2020, BTIG Research reiterated its Buy rating and revised its price target to $30 on the stock. BTIG Research started tracking the stock assigning a Buy rating and suggested a price target of $22 on April 29, 2020. ROTH Capital initiated its recommendation with a Buy and recommended $16 as its price target on April 20, 2020. Stifel upgraded its rating to Buy for this stock on April 17, 2020, and upped its price target to $12. In a note dated April 09, 2020, DA Davidson reiterated an Buy rating on this stock and revised its target price from $37 to $16.
Lovesac Company [LOVE] stock has fluctuated between $14.18 and $30.93 over the past year. Lovesac Company [NASDAQ: LOVE] shares were valued at $23.34 at the most recent close of the market.
Analyzing the LOVE fundamentals
Lovesac Company [NASDAQ:LOVE] reported sales of 688.61M for the trailing twelve months, which represents a growth of 14.28%. Gross Profit Margin for this corporation currently stands at 0.56% with Operating Profit Margin at 0.04%, Pretax Profit Margin comes in at 0.04%, and Net Profit Margin reading is 0.03%. To continue investigating profitability, this company’s Return on Assets is posted at 0.05, Equity is 0.11 and Total Capital is 0.08. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.87.
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 22.66 points at the first support level, and at 21.99 for the second support level. However, for the 1st resistance point, the stock is sitting at 23.90, and for the 2nd resistance point, it is at 24.47.
Lovesac Company [LOVE] reported earnings per share of -$0.15 for its fiscal quarter that ended on 10/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of -$0.3/share, meaning a difference of $0.15 and a surprise factor of 50.00%. By comparison, the stated earnings for the previous quarter ended on 7/30/2023 were -$0.04 per share as compared to estimates of -$0.13 per share, a difference of $0.09 representing a surprise of 69.20%.
Ratios To Look Out For
For context, Lovesac Company’s Current Ratio is 1.74. As well, the Quick Ratio is 0.64, while the Cash Ratio is 0.36. Considering the valuation of this stock, the price to sales ratio is 0.53, the price to book ratio is 1.95 and price to earnings (TTM) ratio is 18.31.
Transactions by insiders
Recent insider trading involved Nelson Shawn David, Chief Executive Officer, that happened on Mar 15 ’24 when 6000.0 shares were sold. Director, HEYER ANDREW R completed a deal on Dec 27 ’23 to buy 9100.0 shares. Meanwhile, Chief Executive Officer Nelson Shawn David sold 19000.0 shares on Dec 13 ’23.
