Why Lovesac (LOVE) Stock Is Down Today [Yahoo! Finance]
The Lovesac Company (LOVE)
Last the lovesac company earnings: 4/16 07:00 am
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Source: Yahoo! Finance
Bureau of Labour Statistics reported CPI (Consumer Price Index - a gauge of the average price consumers pay for goods and services) for the month of March 2024 that came in slightly hotter than expected at 3.5% year on year (versus analysts expectations for 3.4%). According to the report, shelter and gasoline prices contributed more than half of the monthly increase in the index. The inflation print, while only slightly above expectations, is adding to fears that the Fed could delay rate cut plans in 2024. Following the inflation report, consensus estimate was for two rate cuts in 2024 (down from the previous consensus for three rate cuts). As a reminder, the driver of a stock's value is the sum of its future cash flows discounted back to today. With lower interest rates, investors can apply higher valuations to their stocks. No wonder so many in the investment community are optimistic about 2024. We at StockStory remain cautious, as following the crowd can lead to adverse outcome
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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
- Spotting Winners: Lovesac (NASDAQ:LOVE) And Home Furnishings Stocks In Q1 [Yahoo! Finance]Yahoo! Finance
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