Spotting Winners: Lovesac (NASDAQ:LOVE) And Home Furnishings Stocks In Q1 [Yahoo! Finance]
The Lovesac Company (LOVE)
Last the lovesac company earnings: 4/16 07:00 am
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Source: Yahoo! Finance
A healthy housing market is good for furniture demand as more consumers are buying, renting, moving, and renovating. On the other hand, periods of economic weakness or high interest rates discourage home sales and can squelch demand. In addition, home furnishing companies must contend with shifting consumer preferences such as the growing propensity to buy goods online, including big things like mattresses and sofas that were once thought to be immune from e-commerce competition. The 6 home furnishings stocks we track reported a weak Q1; on average, revenues missed analyst consensus estimates by 1.2%, while next quarter's revenue guidance was 11.4% below consensus. Stocks--especially those trading at higher multiples--had a strong end of 2023, but 2024 has seen periods of volatility. Mixed signals about inflation have led to uncertainty around rate cuts, and home furnishings stocks have had a rough stretch, with share prices down 13.1% on average since the previous earnings results
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LOVE
News
- 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
- Lovesac Squattoman Review [USA TODAY]USA TODAY
- Bear of the Day: Lovesac (LOVE) [Yahoo! Finance]Yahoo! Finance
- The Lovesac Company (NASDAQ: LOVE) is now covered by analysts at Maxim Group. They set a "buy" rating and a $36.00 price target on the stock.MarketBeat
LOVE
Earnings
- 4/11/24 - Miss
LOVE
Sec Filings
- 4/26/24 - Form ARS
- 4/25/24 - Form DEFA14A
- 4/25/24 - Form DEF
- LOVE's page on the SEC website