Maxim lowered the firm’s price target on Lovesac (LOVE) to $33 from $38 and keeps a Buy rating on the shares. The company’s Q2 revenue was in line with guidance and slightly above consensus, while its gross margin and EBITDA were above guidance and consensus, the analyst tells investors in a research note. Despite a very challenging environment, Lovesac management is executing well on controllable levers, mitigating tariff pressures and gaining market share in a contracting category, the firm added.
Claim 70% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on LOVE:
- Lovesac gross margin guidance driving stock lower, says DA Davidson
- The Lovesac Company Reports Modest Sales Growth Amid Challenges
- Lovesac Co’s Earnings Call: Growth Amid Challenges
- Kroger reports mixed Q2, U.S. CPI rises 0.4% in August: Morning Buzz
- Morning Movers: Kroger rises following second quarter results