Lovesac IPO: Clever Marketing, Little Substance [Seeking Alpha]
The Lovesac Company (LOVE)
Last the lovesac company earnings: 4/16 07:00 am
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Source: Seeking Alpha
Summary Building on the strength of preceding IPOs this year, Lovesac ( LOVE ), a furniture brand that appeals to upper-middle class millennials, has successfully completed a $56 million IPO. This puts the company among dozens of small-cap startups that have gone public this year and have been received warmly by Wall Street. Lovesac is a bite-sized company, with a market cap of just over $250 million. Its marketing scheme and the way it presents its offering hearkens to Canada Goose ( GOOS ), one of the runaway successes of last year's IPO pool and very much an aspirational brand like Lovesac. Despite the strong reception by Wall Street, however, I find little upside left in Lovesac shares. A quick rundown of the offering: Lovesac offered 3.5 million shares to the public at $16 apiece, successfully pricing the company above its initial indicated range of $13-15 and indicating robust institutional investor demand for the deal. In doing so, the company raised $56 million in
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LOVE
News
- Sustain-Ability: Beyond Recycled or Renewable Inputs [Forbes]Forbes
- Lovesac: Faltering Growth Offset By Margin Upside [Seeking Alpha]Seeking Alpha
- The best Teacher Appreciation Week discounts and deals, from free cookies to viral makeup [Business Insider]Business Insider
- The Lovesac Company (NASDAQ: LOVE) had its price target lowered by analysts at Oppenheimer Holdings Inc. from $60.00 to $35.00. They now have an "outperform" rating on the stock.MarketBeat
- Insider Spends US$434k Buying More Shares In Lovesac [Yahoo! Finance]Yahoo! Finance
LOVE
Earnings
- 4/11/24 - Miss
LOVE
Sec Filings
- 5/10/24 - Form SC
- 5/6/24 - Form DEFA14A
- 4/26/24 - Form ARS
- LOVE's page on the SEC website