The closing price of Lovesac Company (NASDAQ: LOVE) was $20.73 for the day, down -11.18% from the previous closing price of $23.34. In other words, the price has decreased by -$2.61 from its previous closing price. On the day, 2752080 shares were traded.
Ratios:
Our analysis of LOVE’s different ratios will help us gain a deeper understanding of the company. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 3.69 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 6.73. For the most recent quarter (mrq), Quick Ratio is recorded 1.09 and its Current Ratio is at 2.02. In the meantime, Its Debt-to-Equity ratio is 0.81 whereas as Long-Term Debt/Eq ratio is at 0.73.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, ROTH MKM on March 29, 2023, Reiterated its Buy rating but revised its target price to $36 from $32 previously.
On September 11, 2020, Oppenheimer reiterated its Outperform rating and also lowered its target price recommendation from $30 to $40.
BTIG Research reiterated its Buy rating for the stock on June 10, 2020, while the target price for the stock was revised from $22 to $30.
Insider Transactions:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Mar 15 ’24 when Nelson Shawn David sold 6,000 shares for $22.44 per share. The transaction valued at 134,613 led to the insider holds 179,970 shares of the business.
HEYER ANDREW R bought 9,100 shares of LOVE for $236,594 on Dec 27 ’23. The Director now owns 2,800 shares after completing the transaction at $26.00 per share. On Dec 13 ’23, another insider, Nelson Shawn David, who serves as the Chief Executive Officer of the company, sold 19,000 shares for $24.70 each. As a result, the insider received 469,213 and left with 185,970 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, LOVE now has a Market Capitalization of 320.79M and an Enterprise Value of 444.88M. As of this moment, Lovesac’s Price-to-Earnings (P/E) ratio for their current fiscal year is 14.74, and their Forward P/E ratio for the next fiscal year is 10.59. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 0.49. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.46 while its Price-to-Book (P/B) ratio in mrq is 1.48. Its current Enterprise Value per Revenue stands at 0.65 whereas that against EBITDA is 11.12.
Stock Price History:
Over the past 52 weeks, LOVE has reached a high of $30.93, while it has fallen to a 52-week low of $14.18. The 50-Day Moving Average of the stock is 22.95, while the 200-Day Moving Average is calculated to be 22.75.
Shares Statistics:
LOVE traded an average of 240.46K shares per day over the past three months and 548.73k shares per day over the past ten days. A total of 15.49M shares are outstanding, with a floating share count of 13.50M. Insiders hold about 12.86% of the company’s shares, while institutions hold 91.78% stake in the company. Shares short for LOVE as of Mar 15, 2024 were 3.81M with a Short Ratio of 17.31, compared to 3.58M on Feb 15, 2024. Therefore, it implies a Short% of Shares Outstanding of 24.59% and a Short% of Float of 26.81%.
Earnings Estimates
The firm’s stock currently is rated by 4 analysts. On average, analysts expect EPS of $1.92 for the current quarter, with a high estimate of $1.96 and a low estimate of $1.89, while EPS last year was $1.74. The consensus estimate for the next quarter is -$0.15, with high estimates of -$0.06 and low estimates of -$0.24.
Analysts are recommending an EPS of between $1.52 and $1.48 for the fiscal current year, implying an average EPS of $1.5. EPS for the following year is $2.15, with 4 analysts recommending between $2.41 and $1.92.
Revenue Estimates
It is expected that $90B in revenue will be generated in the current quarter, according to 4 analysts. It ranges from a high estimate of $266.52M to a low estimate of $264.67M. As of the current estimate, Lovesac Company’s year-ago sales were $238.85M, an estimated increase of 11.10% from the year-ago figure.
A total of 4 analysts have provided revenue estimates for LOVE’s current fiscal year. The highest revenue estimate was $716.28M, while the lowest revenue estimate was $714.43M, resulting in an average revenue estimate of $715.08M. In the same quarter a year ago, actual revenue was $651.54M, up 9.80% from the average estimate. Based on 4 analysts’ estimates, the company’s revenue will be $765.38M in the next fiscal year. The high estimate is $790.71M and the low estimate is $733M. The average revenue growth estimate for next year is up 7.00% from the average revenue estimate for this year.
