Lovesac (NASDAQ:LOVE) Issues Quarterly Earnings Results

Lovesac (NASDAQ:LOVE) issued its quarterly earnings results on Thursday. The company reported ($0.76) EPS for the quarter, topping the consensus estimate of ($1.03) by $0.27, FiscalAI reports. Lovesac had a net margin of 0.58% and a return on equity of 2.02%. The firm had revenue of $138.20 million for the quarter, compared to analysts’ expectations of $136.34 million. Lovesac updated its Q2 2027 guidance to 0.200-0.480 EPS and its FY 2027 guidance to 0.340-0.810 EPS.

Lovesac Price Performance

Lovesac stock opened at $16.48 on Thursday. The firm has a market capitalization of $243.57 million, a PE ratio of 56.83, a P/E/G ratio of 0.80 and a beta of 2.02. The company’s 50-day moving average is $15.85 and its 200-day moving average is $14.35. Lovesac has a fifty-two week low of $10.33 and a fifty-two week high of $21.15.

Insider Buying and Selling

In related news, CEO Shawn David Nelson purchased 1,477 shares of the firm’s stock in a transaction that occurred on Thursday, April 16th. The shares were acquired at an average price of $16.95 per share, for a total transaction of $25,035.15. Following the purchase, the chief executive officer owned 202,681 shares in the company, valued at approximately $3,435,442.95. This represents a 0.73% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 7.79% of the company’s stock.

Institutional Trading of Lovesac

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

Analyst Ratings Changes

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

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.