During the last session, The Lovesac Company (NASDAQ:LOVE)’s traded shares were 0.31 million, with the beta value of the company hitting 2.27. At the end of the trading day, the stock’s price was $72.45, reflecting an intraday gain of 0.15% or $0.11. The 52-week high for the LOVE share is $95.51, that puts it down -31.83 from that peak though still a striking 60.63% gain since the share price plummeted to a 52-week low of $28.52. The company’s market capitalization is $1.12B, and the average trade volume was 409.97K shares over the past three months.
The Lovesac Company (LOVE) received a consensus recommendation of a Buy from analysts. That translates to a mean rating of 1.40. LOVE has a Sell rating from 0 analyst(s) out of 7 analysts who have looked at this stock. 0 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 7 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be -$0.23.
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The Lovesac Company (LOVE) registered a 0.15% upside in the last session and has traded in the red over the past 5 sessions. The stock spiked 0.15% in intraday trading to $72.45 this Wednesday, 11/24/21, hitting a weekly high. The stock’s 5-day price performance is -13.60%, and it has moved by -2.59% in 30 days. Based on these gigs, the overall price performance for the year is 139.66%.
The consensus price target of analysts on Wall Street is $104.29, which implies an increase of 30.53% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $85.00 and $130.00 respectively. As a result, LOVE is trading at a discount of -79.43% off the target high and -17.32% off the low.
The Lovesac Company (LOVE) estimates and forecasts
Statistics show that The Lovesac Company has underperformed its competitors in share price, compared to the industry in which it operates. The Lovesac Company (LOVE) shares have gone down -15.84% during the last six months, with a year-to-date growth rate less than the industry average at 0.00% against 37.30. Yet analysts are ramping up their growth forecast for the fiscal year 2021. Revenue is predicted to shrink -243.80% this quarter and then drop -41.60% in the quarter after that. In the rating firms’ projections, revenue will increase 41.90% compared to the previous financial year.
Revenue for the current quarter is expected to be $108.29 million as predicted by 6 analyst(s). Meanwhile, a consensus of 6 analyst(s) estimates revenue growth to $165.4 million by the end of Jan 2022.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings grew an estimated 27.60%. While earnings are projected to return 190.10% in 2021, the next five years will return 30.00% per annum.
The Lovesac Company is due to release its next quarterly earnings on December 08. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
The Lovesac Company (NASDAQ:LOVE)’s Major holders
The Lovesac Company insiders own 12.08% of total outstanding shares while institutional holders control 106.11%, with the float percentage being 120.69%. AllianceBernstein, L.P. is the largest shareholder of the company, while 202 institutions own stock in it. As of Mar 30, 2021, the company held over 1.38 million shares (or 9.14% of all shares), a total value of $78.1 million in shares.
The next largest institutional holding, with 0.87 million shares, is of Janus Henderson Group PLC’s that is approximately 5.75% of outstanding shares. At the market price on Mar 30, 2021, these shares were valued at $49.17 million.
Also, the Mutual Funds coming in first place with the largest holdings of The Lovesac Company (LOVE) shares are Janus Henderson Venture Fund and AB Cap Fd.-AB Small Cap Growth Port. Data provided on Mar 30, 2021 indicates that Janus Henderson Venture Fund owns about 0.75 million shares. This amounts to just over 4.99 percent of the company’s overall shares, with a $42.66 million market value. The same data shows that the other fund manager holds slightly less at 0.74 million, or about 4.88% of the stock, which is worth about $53.93 million.