DA Davidson Expects The Lovesac Co. (LOVE) to Miss Top Line, Puts PT Under Review

DA Davidson analyst Thomas Forte reiterated a Buy rating while placing his price target on The Lovesac Co. (NASDAQ: LOVE) under review.ahead of the company reporting 4Q21 results on Wednesday, April 14th BMO. The analyst is modeling 19.3% sales growth to $110.0M, below the consensus estimate of $116.1M, adj. EBITDA of $12.0M, below the consensus estimate of $12.6M and EPS of $0.60, in-line with the consensus forecast.

The analyst stated "With more consumer discretionary spending going to travel, as reflected in improvements in TSA throughput data, we look for comments from management on how the home category will hold up as the economy re-opens."

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 $61.00 yesterday.

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