Deep Dive Into Lovesac Stock: Analyst Perspectives (10 Ratings)
Lovesac (NASDAQ:LOVE) underwent analysis by 10 analysts in the last quarter, revealing a spectrum of viewpoints from bullish to bearish.
The table below summarizes their recent ratings, showcasing the evolving sentiments within the past 30 days and comparing them to the preceding months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 9 | 1 | 0 | 0 | 0 |
| Last 30D | 1 | 0 | 0 | 0 | 0 |
| 1M Ago | 4 | 0 | 0 | 0 | 0 |
| 2M Ago | 0 | 0 | 0 | 0 | 0 |
| 3M Ago | 4 | 1 | 0 | 0 | 0 |
Analysts have recently evaluated Lovesac and provided 12-month price targets. The average target is $32.9, accompanied by a high estimate of $36.00 and a low estimate of $30.00. Observing a downward trend, the current average is 8.61% lower than the prior average price target of $36.00.
Understanding Analyst Ratings: A Comprehensive Breakdown
A clear picture of Lovesac's perception among financial experts is painted with a thorough analysis of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
| Analyst | Analyst Firm | Action Taken | Rating | Current Price Target | Prior Price Target |
|---|---|---|---|---|---|
| Matt Koranda | Roth MKM | Maintains | Buy | $30.00 | $30.00 |
| Matt Koranda | Roth MKM | Maintains | Buy | $30.00 | $30.00 |
| Tom Forte | DA Davidson | Raises | Buy | $32.00 | $24.00 |
| Maria Ripps | Canaccord Genuity | Maintains | Buy | $36.00 | $36.00 |
| Matt Koranda | Roth MKM | Maintains | Buy | $30.00 | $30.00 |
| Brian Nagel | Oppenheimer | Lowers | Outperform | $35.00 | $60.00 |
| Tom Forte | Maxim Group | Announces | Buy | $36.00 | - |
| Maria Ripps | Canaccord Genuity | Lowers | Buy | $36.00 | $44.00 |
| Matt Koranda | Roth MKM | Lowers | Buy | $30.00 | $34.00 |
| Matt Koranda | Roth MKM | Announces | Buy | $34.00 | - |
Key Insights:
- Action Taken: Responding to changing market dynamics and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their response to recent developments related to Lovesac. This offers insight into analysts' perspectives on the current state of the company.
- Rating: Analyzing trends, analysts offer qualitative evaluations, ranging from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Lovesac compared to the broader market.
- Price Targets: Analysts provide insights into price targets, offering estimates for the future value of Lovesac's stock. This comparison reveals trends in analysts' expectations over time.
To gain a panoramic view of Lovesac's market performance, explore these analyst evaluations alongside essential financial indicators. Stay informed and make judicious decisions using our Ratings Table.
Stay up to date on Lovesac analyst ratings.
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All You Need to Know About Lovesac
The Lovesac Co designs, manufactures and sells alternative furniture which is comprised of modular couches called sactionals and premium foam beanbag chairs called sacs. It also offers other accessories such as sactional-specific drink holders, Footsac blankets, decorative pillows, fitted seat tables, and ottomans. Its products are sold across the United States through its website or company-owned retail stores which are used in homes and offices. The majority of the firm's revenue is derived from the sale of Sactionals.
Financial Insights: Lovesac
Market Capitalization: With restricted market capitalization, the company is positioned below industry averages. This reflects a smaller scale relative to peers.
Negative Revenue Trend: Examining Lovesac's financials over 3 months reveals challenges. As of 30 April, 2024, the company experienced a decline of approximately -6.06% in revenue growth, reflecting a decrease in top-line earnings. In comparison to its industry peers, the company trails behind with a growth rate lower than the average among peers in the Consumer Discretionary sector.
Net Margin: Lovesac's net margin lags behind industry averages, suggesting challenges in maintaining strong profitability. With a net margin of -9.77%, the company may face hurdles in effective cost management.
Return on Equity (ROE): The company's ROE is below industry benchmarks, signaling potential difficulties in efficiently using equity capital. With an ROE of -6.13%, the company may need to address challenges in generating satisfactory returns for shareholders.
Return on Assets (ROA): Lovesac's ROA falls below industry averages, indicating challenges in efficiently utilizing assets. With an ROA of -2.7%, the company may face hurdles in generating optimal returns from its assets.
Debt Management: With a below-average debt-to-equity ratio of 0.9, Lovesac adopts a prudent financial strategy, indicating a balanced approach to debt management.
What Are Analyst Ratings?
Ratings come from analysts, or specialists within banking and financial systems that report for specific stocks or defined sectors (typically once per quarter for each stock). Analysts usually derive their information from company conference calls and meetings, financial statements, and conversations with important insiders to reach their decisions.
Some analysts will also offer forecasts for metrics like growth estimates, earnings, and revenue to provide further guidance on stocks. Investors who use analyst ratings should note that this specialized advice comes from humans and may be subject to error.
This article was generated by Benzinga's automated content engine and reviewed by an editor.