Tue Sep 17 06:14:49 UTC 2024: ## Lovesac Stock Sees Mixed Signals: Analyst Cuts Earnings Estimate, But Others Remain Bullish

**[City, State] -** The Lovesac Company (NASDAQ: LOVE), the innovative furniture retailer, has experienced mixed signals from analysts this week. While Roth Capital cut its FY2025 earnings estimates for the company, other analysts remain optimistic about its prospects.

Roth Capital analyst M. Koranda lowered the firm’s FY2025 earnings per share (EPS) estimate for Lovesac to $1.10, down from a previous forecast of $1.12. This contrasts with the current consensus estimate of $1.09. Despite the reduced forecast, Roth Capital also issued positive estimates for Lovesac’s upcoming quarters, projecting $2.47 EPS for Q4 2025, $0.01 EPS for Q3 2026, $2.64 EPS for Q4 2026, and $1.78 EPS for FY2026.

However, other analysts remain bullish on Lovesac. Craig Hallum raised its price target on the stock to $35.00 from $30.00, maintaining a “buy” rating. Similarly, Maxim Group increased its target price to $38.00 from $36.00, also with a “buy” rating. Roth Mkm and DA Davidson followed suit, raising their target prices to $31.00 and $32.00, respectively, while maintaining “buy” ratings. Canaccord Genuity Group reiterated its “buy” rating and set a $36.00 target price.

Lovesac currently holds a consensus rating of “Buy” with an average target price of $34.50, according to MarketBeat.com. This optimistic outlook is supported by significant institutional ownership, with 91.32% of the stock held by institutional investors.

In recent news, CEO Shawn David Nelson sold 18,988 shares of Lovesac stock at an average price of $23.33, for a total value of $442,990.04. Following the transaction, Nelson owns 165,855 shares of the company’s stock, valued at $3,869,397.15.

Lovesac, known for its innovative and comfortable furniture designs, continues to capture attention in the market. While the lowered earnings estimate from Roth Capital may raise some concerns, the overall positive sentiment from other analysts and significant institutional investment indicate a bright future for the company.

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