In the last trading session, 1.08 million shares of the Lovesac Company (NASDAQ:LOVE) were traded, and its beta was 2.44. Most recently the company’s share price was $19.49, and it changed around $0.29 or 1.51% from the last close, which brings the market valuation of the company to $288.33M. LOVE currently trades at a discount to its 52-week high of $39.49, offering almost -102.62% off that amount. The share price’s 52-week low was $12.12, which indicates that the current value has risen by an impressive 37.81% since then. We note from Lovesac Company’s average daily trading volume that its 10-day average is 1.17 million shares, with the 3-month average coming to 481.94K.
Lovesac Company stock received a consensus recommendation rating of Buy, based on a mean score of 1.00. If we narrow it down even further, the data shows that 0 out of 6 analysts rate the stock as a Sell; another 2 rate it as Overweight. Among the rest, 0 recommended LOVE as a Hold, whereas 4 deemed it a Buy, and 0 rated it as Underweight. Lovesac Company is expected to report earnings per share of -0.75 for the current quarter.
Lovesac Company (NASDAQ:LOVE) trade information
Instantly LOVE has showed a green trend with a performance of 1.51% at the end of last trading. The performance over the last five days has remained in the green territory. The rise to weekly highs of 19.66 on recent trading dayincreased the stock’s daily price by 0.86%. The company’s shares are currently down -17.62% year-to-date, but still up 56.30% over the last five days. On the other hand, Lovesac Company (NASDAQ:LOVE) is 23.04% up in the 30-day period. We can see from the shorts that 3.49 million shares have been sold at a short interest cover period of 7.26 day(s).
The consensus price target as assigned by Wall Street analysts is $45, which translates to bulls needing to increase their stock price by 56.69% from its current value. Analyst projections state that LOVE is forecast to be at a low of $45 and a high of $45.
Lovesac Company (LOVE) estimates and forecasts
The year-over-year growth rate is expected to be 5.64%, up from the previous year.
Consensus estimates provided by 5 financial analysts predict the company will bring in an average of 137.2M in revenue for the current quarter. 5 analysts expect Lovesac Company to make 161.81M in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 132.64M and 156.59M respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 3.44%. Forecasts for the next quarter put sales growth at 3.33%.
Lovesac Company earnings are expected to increase by 48.79% in 2025, but the outlook is positive 34.40% per year for the next five years.
LOVE Dividends
Lovesac Company’s next quarterly earnings report is expected to be released on 2025-Apr-09.
Lovesac Company (NASDAQ:LOVE)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 9.79% of Lovesac Company shares, and 107.81% of them are in the hands of institutional investors. The stock currently has a share float of 119.51%. Lovesac Company stock is held by 178.0 institutions, with FMR LLC being the largest institutional investor. By 2024-06-30, it held 14.9618% of the shares, which is about 2.33 million shares worth $52.67 million.
BLACKROCK INC., with 7.7491% or 1.21 million shares worth $27.28 million as of 2024-06-30, holds the second largest percentage of outstanding shares.
Manager Directed Portfolios-Hood River Small-Cap Growth Fund and JANUS INVESTMENT FUND-Janus Henderson Venture Fund were the top two Mutual Funds as of Dec 31, 2024 . The former held 651.73 shares worth $12.7 million, making up 4.41% of all outstanding shares. On the other hand, JANUS INVESTMENT FUND-Janus Henderson Venture Fund held roughly 548.08 shares worth around $10.68 million, which represents about 3.70% of the total shares outstanding.
