Lovesac (NASDAQ:LOVE) Cut to Strong Sell at Wall Street Zen

Wall Street Zen cut shares of Lovesac (NASDAQ:LOVE) from a hold rating to a strong sell rating in a research note released on Saturday.

A number of other analysts have also commented on the company. Maxim Group set a $26.00 price objective on Lovesac in a research report on Friday. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Lovesac in a research note on Wednesday, October 8th. Canaccord Genuity Group lowered their price target on shares of Lovesac from $30.00 to $24.00 and set a “buy” rating for the company in a research report on Friday. Finally, DA Davidson dropped their price target on shares of Lovesac from $24.00 to $18.00 and set a “buy” rating for the company in a research note on Thursday. Five analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $26.20.

Lovesac Price Performance

LOVE stock opened at $13.46 on Friday. The company has a 50 day moving average price of $13.83 and a 200 day moving average price of $16.88. Lovesac has a fifty-two week low of $11.26 and a fifty-two week high of $28.21. The stock has a market capitalization of $196.65 million, a PE ratio of 58.52, a price-to-earnings-growth ratio of 1.25 and a beta of 2.36.

Lovesac (NASDAQ:LOVE) last announced its quarterly earnings data on Thursday, December 11th. The company reported ($0.72) EPS for the quarter, missing analysts’ consensus estimates of ($0.70) by ($0.02). The firm had revenue of $150.17 million during the quarter, compared to the consensus estimate of $154.17 million. Lovesac had a net margin of 1.05% and a return on equity of 3.61%. The firm’s quarterly revenue was up .2% on a year-over-year basis. During the same quarter in the previous year, the business posted ($0.32) earnings per share. Lovesac has set its Q4 2026 guidance at 1.880-2.220 EPS and its FY 2026 guidance at 0.150-0.490 EPS. As a group, equities analysts expect that Lovesac will post 0.39 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Lovesac

Institutional investors have recently modified their holdings of the business. Nomura Holdings Inc. increased its stake in Lovesac by 71.9% during the 3rd quarter. Nomura Holdings Inc. now owns 250,502 shares of the company’s stock worth $4,241,000 after purchasing an additional 104,781 shares in the last quarter. Numerai GP LLC boosted its holdings in shares of Lovesac by 10.7% in the third quarter. Numerai GP LLC now owns 11,805 shares of the company’s stock valued at $200,000 after buying an additional 1,145 shares during the period. Millennium Management LLC increased its position in shares of Lovesac by 40.5% during the third quarter. Millennium Management LLC now owns 68,380 shares of the company’s stock worth $1,158,000 after acquiring an additional 19,716 shares in the last quarter. Kanen Wealth Management LLC acquired a new stake in shares of Lovesac during the third quarter worth $4,025,000. Finally, Ancora Advisors LLC acquired a new stake in shares of Lovesac during the third quarter worth $146,000. Institutional investors own 91.32% of the company’s stock.

Lovesac Company Profile

The Lovesac Company designs, manufactures, and sells furniture. It offers sactionals, such as seats and sides; sacs, including foam beanbag chairs; and other products comprising drink holders, footsac blankets, decorative pillows, fitted seat tables, and ottomans. The company markets its products primarily through www.lovesac.com website, as well as showrooms at top tier malls, lifestyle centers, mobile concierges, kiosks, and street locations in 41 states in the United States; and in store pop-up- shops and shop-in-shops, and barter inventory transactions.