Oppenheimer analyst Brian Nagel assigned a Buy rating to The Lovesac Company (LOVE) today and set a price target of $40.00. The company’s shares closed last Wednesday at $44.97, close to its 52-week high of $45.85.
According to TipRanks.com, Nagel is a top 25 analyst with an average return of 32.0% and a 79.8% success rate. Nagel covers the Consumer Goods sector, focusing on stocks such as Dick’s Sporting Goods, Lululemon Athletica, and Lumber Liquidators.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for The Lovesac Company with a $45.75 average price target, a 0.8% upside from current levels. In a report issued on December 9, Stifel Nicolaus also maintained a Buy rating on the stock with a $44.00 price target.
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The Lovesac Company’s market cap is currently $660.3M and has a P/E ratio of -375.70. The company has a Price to Book ratio of 7.91.
Based on the recent corporate insider activity of 23 insiders, corporate insider sentiment is neutral on the stock.
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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.
