Stifel Nicolaus analyst Lamont Williams (NYSE:WMB) maintained a Buy rating on The Lovesac Company (NASDAQ:LOVE) on Wednesday, setting a price target of $105, which is approximately 28.42% above the present share price of $81.76.
Williams expects The Lovesac Company to post earnings per share (EPS) of $1.44 for the second quarter of 2021.
The current consensus among 7 TipRanks analysts is for a Strong Buy rating of shares in The Lovesac Company, with an average price target of $87.
The analysts price targets range from a high of $105 to a low of $77.
In its latest earnings report, released on 01/31/2021, the company reported a quarterly revenue of $129.68 million and a net profit of $21.76 million. The company's market cap is $1.23 billion.
According to TipRanks.com, Stifel Nicolaus analyst Lamont Williams is currently ranked with 4 stars on a 0-5 stars ranking scale, with an average return of 109.0% and a 100.00% success rate.
The Lovesac Co. is a technology driven, omni-channel company. It designs, manufactures, and sells furniture comprised of modular couches called sactionals and foam beanbag chairs called sacs. Its products include sactionals, sacs, and accessories. The company was founded by Shawn David Nelson in 1995 and is headquartered in Stamford, CT.