DA Davidson assumed coverage on shares of Lovesac (NASDAQ:LOVE) in a research note released on Monday, April 1st, BenzingaRatingsTable reports. The firm issued a buy rating and a $38.00 target price on the stock. DA Davidson also issued estimates for Lovesac’s Q4 2019 earnings at $0.61 EPS, Q1 2020 earnings at ($0.14) EPS, Q2 2020 earnings at ($0.43) EPS, Q3 2020 earnings at ($0.40) EPS, Q4 2020 earnings at $0.32 EPS, FY2020 earnings at ($0.65) EPS, FY2021 earnings at $0.04 EPS, FY2022 earnings at $0.96 EPS, FY2023 earnings at $2.36 EPS and FY2024 earnings at $3.61 EPS.
A number of other equities research analysts have also recently weighed in on the company. Canaccord Genuity assumed coverage on Lovesac in a report on Sunday, December 2nd. They issued a buy rating and a $19.19 price target on the stock. Zacks Investment Research cut Lovesac from a hold rating to a sell rating in a report on Friday, December 28th.
NASDAQ LOVE traded up $1.50 on Monday, hitting $30.41. 21,600 shares of the company’s stock were exchanged, compared to its average volume of 69,019. Lovesac has a fifty-two week low of $16.46 and a fifty-two week high of $34.22.
The Lovesac Company designs, manufactures, and sells foam filled furniture, sectional couches, and related accessories. It offers sactionals, such as seats and sides; sacs, including foam beanbag chairs; and accessories comprising drink holders, footsac blankets, decorative pillows, fitted seat tables, and ottomans.
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