Lovesac (NASDAQ:LOVE) Issues FY 2026 Earnings Guidance

Lovesac (NASDAQ:LOVE) updated its FY 2026 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of 0.800-1.360 for the period, compared to the consensus estimate of 1.030. The company issued revenue guidance of $700.0 million-$750.0 million, compared to the consensus revenue estimate of $719.7 million. Lovesac also updated its Q2 2026 guidance to -0.830–0.580 EPS.

Analyst Ratings Changes

Several research analysts have issued reports on the company. Roth Mkm increased their price objective on Lovesac from $22.00 to $28.00 and gave the stock a “buy” rating in a research report on Friday, April 11th. Oppenheimer reiterated an “outperform” rating and issued a $35.00 price objective on shares of Lovesac in a research report on Friday, April 11th. Canaccord Genuity Group cut their price objective on Lovesac from $45.00 to $30.00 and set a “buy” rating for the company in a research report on Friday, April 11th. Finally, DA Davidson cut their price objective on Lovesac from $35.00 to $24.00 and set a “buy” rating for the company in a research report on Friday, April 11th. Six analysts have rated the stock with a buy rating, According to MarketBeat.com, Lovesac presently has a consensus rating of “Buy” and a consensus target price of $31.67.

Lovesac Stock Down 1.9%

Shares of LOVE stock opened at $20.50 on Thursday. Lovesac has a fifty-two week low of $12.12 and a fifty-two week high of $39.49. The stock has a market cap of $304.32 million, a P/E ratio of 60.29, a P/E/G ratio of 0.65 and a beta of 2.30. The business has a fifty day simple moving average of $19.25 and a 200-day simple moving average of $22.61.

Lovesac (NASDAQ:LOVE) last announced its quarterly earnings results on Thursday, April 10th. The company reported $2.13 earnings per share for the quarter, beating analysts’ consensus estimates of $1.80 by $0.33. Lovesac had a return on equity of 3.51% and a net margin of 1.04%. The business had revenue of $241.50 million during the quarter, compared to analysts’ expectations of $230.33 million. During the same quarter last year, the business posted $1.87 earnings per share. The business’s revenue for the quarter was down 3.6% on a year-over-year basis. On average, sell-side analysts anticipate that Lovesac will post 0.39 earnings per share for the current year.

Institutional Trading of Lovesac

A number of large investors have recently made changes to their positions in LOVE. Empowered Funds LLC boosted its stake in shares of Lovesac by 8.1% during the first quarter. Empowered Funds LLC now owns 55,925 shares of the company’s stock valued at $1,017,000 after acquiring an additional 4,200 shares during the last quarter. AQR Capital Management LLC boosted its stake in shares of Lovesac by 391.8% during the first quarter. AQR Capital Management LLC now owns 111,727 shares of the company’s stock valued at $2,031,000 after acquiring an additional 89,007 shares during the last quarter. Finally, Millennium Management LLC boosted its stake in shares of Lovesac by 344.8% during the first quarter. Millennium Management LLC now owns 302,291 shares of the company’s stock valued at $5,496,000 after acquiring an additional 234,324 shares during the last quarter. Institutional investors and hedge funds 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.