The Lovesac Co. (LOVE) Should Print EPS Upside - DA Davidson

DA Davidson analyst Thomas Forte reiterated a Buy rating and $38.00 price target on The Lovesac Co. (NASDAQ: LOVE) ahead of 4Q19 results on Tuesday, April 30th. The analyst expects earnings upside modeling sales of $56.2M and EPS of $0.61, roughly in-line with revenue consensus of
$56.0M but ahead of EPS consensus of $0.51.

The analyst stated "We expect the number of showrooms to reach 78 by the end of Lovesac's FY19. Lovesac generates strong sales from its physical store efforts and roadshows, which have proven to be successful at Costco. We believe Lovesac may introduce a new roadshow partner in FY20. In addition to sales growth, roadshows are a way for the company to build brand awareness at a low cost".

For an analyst ratings summary and ratings history on The Lovesac Co. click here. For more ratings news on The Lovesac Co. click here.

Shares of The Lovesac Co. closed at $28.18 yesterday.

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