Lovesac (LOVE) Projected to Post Quarterly Earnings on Thursday

Lovesac (NASDAQ:LOVE) is expected to be posting its quarterly earnings results before the market opens on Thursday, April 10th. Analysts expect Lovesac to post earnings of $1.80 per share and revenue of $230.33 million for the quarter. Individual interested in participating in the company’s earnings conference call can do so using this link.

Lovesac Stock Up 3.4 %

NASDAQ:LOVE opened at $18.26 on Thursday. The company has a market capitalization of $281.81 million, a P/E ratio of 53.71, a P/E/G ratio of 0.65 and a beta of 3.05. Lovesac has a 52 week low of $15.22 and a 52 week high of $39.49. The stock’s fifty day moving average is $20.78 and its two-hundred day moving average is $26.07.

Insider Transactions at Lovesac

In related news, Director Albert Jack Krause sold 30,000 shares of the firm’s stock in a transaction dated Friday, January 17th. The stock was sold at an average price of $26.33, for a total transaction of $789,900.00. Following the sale, the director now directly owns 147,849 shares in the company, valued at approximately $3,892,864.17. This trade represents a 16.87 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 12.33% of the company’s stock.

Analyst Upgrades and Downgrades

LOVE has been the subject of a number of recent analyst reports. Roth Mkm lifted their price target on Lovesac from $35.00 to $42.00 and gave the stock a “buy” rating in a report on Tuesday, December 10th. DA Davidson reiterated a “buy” rating and set a $35.00 target price on shares of Lovesac in a research report on Tuesday, March 25th. Six analysts have rated the stock with a buy rating, Based on data from MarketBeat, Lovesac presently has a consensus rating of “Buy” and an average target price of $38.33.

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.