Lovesac (NASDAQ:LOVE) Issues FY 2027 Earnings Guidance

Lovesac (NASDAQ:LOVE) updated its FY 2027 earnings guidance on Thursday. The company provided EPS guidance of 0.340-0.810 for the period, compared to the consensus EPS estimate of 1.250. The company issued revenue guidance of $700.0 million-$740.0 million, compared to the consensus revenue estimate of $719.4 million. Lovesac also updated its Q2 2027 guidance to 0.200-0.480 EPS.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on LOVE. Wall Street Zen upgraded Lovesac from a “sell” rating to a “hold” rating in a research report on Saturday, April 4th. Roth Mkm reiterated a “buy” rating on shares of Lovesac in a research report on Friday, March 27th. Finally, Weiss Ratings reiterated a “sell (d)” rating on shares of Lovesac in a research report on Friday, March 27th. Four research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $22.67.

Lovesac Price Performance

NASDAQ:LOVE opened at $16.48 on Thursday. Lovesac has a fifty-two week low of $10.33 and a fifty-two week high of $21.15. The stock has a market capitalization of $243.57 million, a PE ratio of 56.83, a price-to-earnings-growth ratio of 0.80 and a beta of 2.02. The business’s 50-day simple moving average is $15.85 and its 200-day simple moving average is $14.35.

Lovesac (NASDAQ:LOVE) last announced its quarterly earnings data on Thursday, June 11th. The company reported ($0.76) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($1.03) by $0.27. Lovesac had a return on equity of 2.02% and a net margin of 0.58%.The company had revenue of $138.20 million for the quarter, compared to analysts’ expectations of $136.34 million. Lovesac has set its Q2 2027 guidance at 0.200-0.480 EPS and its FY 2027 guidance at 0.340-0.810 EPS. On average, research analysts expect that Lovesac will post 0.59 earnings per share for the current year.

Insider Buying and Selling

In other news, CEO Shawn David Nelson acquired 1,477 shares of the firm’s stock in a transaction on Thursday, April 16th. The shares were purchased at an average cost of $16.95 per share, with a total value of $25,035.15. Following the acquisition, the chief executive officer directly owned 202,681 shares in the company, valued at $3,435,442.95. This represents a 0.73% increase in their position. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. 7.79% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Lovesac

A number of hedge funds have recently made changes to their positions in LOVE. BNP Paribas Financial Markets boosted its stake in shares of Lovesac by 130.4% in the 2nd quarter. BNP Paribas Financial Markets now owns 1,938 shares of the company’s stock valued at $35,000 after purchasing an additional 1,097 shares in the last quarter. Ancora Advisors LLC acquired a new stake in shares of Lovesac in the 3rd quarter valued at approximately $146,000. XTX Topco Ltd acquired a new stake in shares of Lovesac in the 4th quarter valued at approximately $149,000. HRT Financial LP acquired a new stake in shares of Lovesac in the 4th quarter valued at approximately $160,000. Finally, Schonfeld Strategic Advisors LLC acquired a new stake in shares of Lovesac in the 4th quarter valued at approximately $198,000. 91.32% of the stock is currently owned by institutional investors and hedge funds.

About Lovesac

Lovesac, trading on NASDAQ under the symbol LOVE, is an American furniture company known for its modular seating systems and distinctive foam-filled “Sacs.” Founded in 1995 by Shawn Nelson, the company has built a reputation for innovative design that emphasizes comfort, durability and adaptability. Its core offerings include Sactionals—customizable sectional sofas assembled from individual “Sactional” cubes—and the original Lovesac Sacs, large fabric-covered bean bag chairs available in a variety of sizes and materials.

In addition to seating solutions, Lovesac has expanded into home entertainment products with the introduction of the Stage, a modular soundbar system designed to integrate seamlessly with Sactionals.