Lovesac Earns IBD Stock Rating Upgrade

Lovesac (LOVE) saw its IBD SmartSelect Composite Rating jump to 96 Monday, up from 90 the day before.

The new rating is a sign the stock is outpacing 96% of all stocks when it comes to the most important stock-picking criteria.

Lovesac has now climbed above a proper buy zone after clearing the 38.03 buy point in a cup without handle.

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One weak spot is the company’s 76 EPS Rating, which tracks quarterly and annual earnings growth. Look for that to improve to 80 or better to show it’s in the top 20% of all stocks.

Its Accumulation/Distribution Rating of B- shows moderate buying by institutional investors over the last 13 weeks.

The company posted 270% earnings-per-share growth for Q4. It has now posted accelerating EPS increases for five consecutive quarters. Top line growth fell to 41%, down from 43% in the previous quarter.

Lovesac holds the No. 5 rank among its peers in the Retail-Home Furnishings industry group. Williams Sonoma (WSM) is the top-ranked stock within the group.


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