Lovesac (NASDAQ:LOVE) Releases FY25 Earnings Guidance

Lovesac (NASDAQ:LOVE) updated its FY25 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of $1.01-$1.26 for the period, compared to the consensus estimate of $1.23. The company issued revenue guidance of $700-$735 million, compared to the consensus revenue estimate of $722.00 million. Lovesac also updated its FY 2025 guidance to 1.010-1.260 EPS.

Analyst Ratings Changes

LOVE has been the topic of a number of recent analyst reports. Canaccord Genuity Group reiterated a buy rating and set a $36.00 price target on shares of Lovesac in a research report on Friday. Craig Hallum increased their target price on Lovesac from $30.00 to $35.00 and gave the company a buy rating in a report on Friday. Maxim Group increased their target price on Lovesac from $36.00 to $38.00 and gave the company a buy rating in a report on Monday, June 17th. Roth Mkm increased their target price on Lovesac from $30.00 to $31.00 and gave the company a buy rating in a report on Friday. Finally, DA Davidson increased their target price on Lovesac from $24.00 to $32.00 and gave the company a buy rating in a report on Friday, June 14th. Six equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company has a consensus rating of Buy and a consensus target price of $34.50.

Lovesac Stock Performance

NASDAQ:LOVE opened at $26.25 on Friday. Lovesac has a one year low of $14.18 and a one year high of $30.39. The stock has a market cap of $408.21 million, a PE ratio of 30.88, a P/E/G ratio of 0.55 and a beta of 2.90. The stock has a 50 day moving average price of $24.70 and a 200 day moving average price of $23.97.

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

Insider Buying and Selling

In other news, CEO Shawn David Nelson sold 18,988 shares of the firm’s stock in a transaction on Thursday, June 20th. The stock was sold at an average price of $23.33, for a total transaction of $442,990.04. Following the completion of the transaction, the chief executive officer now directly owns 165,855 shares in the company, valued at $3,869,397.15. The transaction was disclosed in a document filed with the SEC, which is available at this link. 12.33% of the stock is currently 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.