Lovesac (NASDAQ:LOVE) Updates FY 2025 Earnings Guidance

Lovesac (NASDAQ:LOVE) issued an update on its FY 2025 earnings guidance on Thursday. The company provided EPS guidance of 1.010-1.260 for the period, compared to the consensus EPS estimate of 1.230. The company issued revenue guidance of $700.0 million-$735.0 million, compared to the consensus revenue estimate of $732.2 million. Lovesac also updated its FY25 guidance to $1.01-$1.26 EPS.

Lovesac Stock Up 0.5 %

Shares of LOVE opened at $21.02 on Thursday. Lovesac has a 52 week low of $14.18 and a 52 week high of $30.39. The stock has a market cap of $326.88 million, a P/E ratio of 24.73, a P/E/G ratio of 0.58 and a beta of 2.90. The business’s 50 day moving average price is $24.54 and its 200-day moving average price is $23.94.

Lovesac (NASDAQ:LOVE) last released its quarterly earnings data on Thursday, June 13th. The company reported ($0.83) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.99) by $0.16. The business had revenue of $132.64 million during the quarter, compared to analyst estimates of $128.20 million. Lovesac had a net margin of 2.17% and a return on equity of 7.55%. On average, equities analysts anticipate that Lovesac will post 1.09 EPS for the current year.

Wall Street Analysts Forecast Growth

LOVE has been the subject of several research reports. Roth Mkm reissued a buy rating and set a $30.00 price objective on shares of Lovesac in a report on Wednesday, July 3rd. Maxim Group boosted their price objective on shares of Lovesac from $36.00 to $38.00 and gave the company a buy rating in a report on Monday, June 17th. DA Davidson boosted their price objective on shares of Lovesac from $24.00 to $32.00 and gave the company a buy rating in a report on Friday, June 14th. Finally, Canaccord Genuity Group reissued a buy rating and set a $36.00 price objective on shares of Lovesac in a report on Friday, June 14th. Five analysts have rated the stock with a buy rating, According to data from MarketBeat, the company currently has an average rating of Buy and an average target price of $34.20.

Insider Buying and Selling

In related news, CEO Shawn David Nelson sold 18,988 shares of the company’s stock in a transaction on Thursday, June 20th. The shares were sold at an average price of $23.33, for a total transaction of $442,990.04. Following the sale, the chief executive officer now owns 165,855 shares of the company’s stock, valued at $3,869,397.15. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 12.33% of the stock is 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.