Craig-Hallum analyst Alex Fuhrman maintained a Buy rating on The Lovesac Company (LOVE – Research Report) today. The company’s shares closed yesterday at $16.72.
Fuhrman covers the Consumer Cyclical sector, focusing on stocks such as The Lovesac Company, 1-800 Flowers, and Lands’ End. According to TipRanks, Fuhrman has an average return of -16.7% and a 24.89% success rate on recommended stocks.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for The Lovesac Company with a $45.50 average price target, implying a 172.13% upside from current levels. In a report released today, D.A. Davidson also reiterated a Buy rating on the stock with a $54.00 price target.
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Based on The Lovesac Company’s latest earnings release for the quarter ending April 30, the company reported a quarterly revenue of $141.19 million and a GAAP net loss of $4.23 million. In comparison, last year the company earned a revenue of $129.38 million and had a net profit of $255.38 million
Based on the recent corporate insider activity of 27 insiders, corporate insider sentiment is neutral on the stock.
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The Lovesac Company (LOVE) Company Description:
The Lovesac Co. is a technology driven, omni-channel company. It designs, manufactures, and sells furniture comprised of modular couches called sactionals and foam beanbag chairs called sacs. Its products include sactionals, sacs, and accessories. The company was founded by Shawn David Nelson in 1995 and is headquartered in Stamford, CT.
Read More on LOVE:
- Lovesac sees Q3 revenue $150M-$152M, consensus $150.66M
- The Lovesac Company Announces Notification from Nasdaq Related to Delayed Form 10-Q Filing
- Lovesac receives notice of non-compliance from Nasdaq
- Lovesac options imply 3.7% move in share price post-earnings
- LOVE Upcoming Earnings Report: What to Expect?
