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Lovesac (LOVE) Catches Eye: Stock Jumps 8.6%

Zacks Equity Research

The Lovesac Company LOVE was a big mover last session, as the company saw its shares rise nearly 9% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This continues the recent uptrend for the company—as the stock is now up 19.1% in the past one-month time frame.

The move came after the company reported solid third-quarter fiscal 2019 results.

The company has seen no changes when it comes to estimate revision over the past few weeks, while the Zacks Consensus Estimate for the current quarter has also remained unchanged. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future.

Lovesac currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.

The Lovesac Company Price

The Lovesac Company Price | The Lovesac Company Quote

Investors interested in the Retail - Home Furnishings industry may consider Restoration Hardware Holdings Inc. RH, which has a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

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