Lovesac (NASDAQ:LOVE) Updates Q2 2026 Earnings Guidance

Lovesac (NASDAQ:LOVE) updated its second quarter 2026 earnings guidance on Thursday. The company provided earnings per share guidance of -0.830–0.580 for the period, compared to the consensus earnings per share estimate of -0.260. The company issued revenue guidance of $157.0 million-$166.0 million, compared to the consensus revenue estimate of $162.3 million. Lovesac also updated its FY 2026 guidance to 0.800-1.360 EPS.

Analyst Ratings Changes

Several brokerages have recently issued reports on LOVE. DA Davidson reduced 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. Roth Mkm upped their target price on Lovesac from $22.00 to $28.00 and gave the stock a “buy” rating in a research report on Friday, April 11th. Oppenheimer reaffirmed an “outperform” rating and issued a $35.00 price target on shares of Lovesac in a report on Friday, April 11th. Finally, Canaccord Genuity Group cut their target price on shares of Lovesac from $45.00 to $30.00 and set a “buy” rating on the stock in a research note on Friday, April 11th. Six equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of $31.67.

Lovesac Stock Down 1.9%

Lovesac stock opened at $20.50 on Thursday. The company’s fifty day simple moving average is $19.25 and its 200-day simple moving average is $22.61. Lovesac has a 12 month low of $12.12 and a 12 month 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.

Lovesac (NASDAQ:LOVE) last issued its quarterly earnings data on Thursday, April 10th. The company reported $2.13 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.80 by $0.33. The firm had revenue of $241.50 million during the quarter, compared to analysts’ expectations of $230.33 million. Lovesac had a net margin of 1.04% and a return on equity of 3.51%. Lovesac’s revenue for the quarter was down 3.6% on a year-over-year basis. During the same period in the prior year, the company posted $1.87 earnings per share. On average, equities research analysts expect that Lovesac will post 0.39 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Lovesac

Hedge funds have recently bought and sold shares of the company. Millennium Management LLC boosted its holdings in 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 period. AQR Capital Management LLC boosted its holdings in 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 period. Finally, Empowered Funds LLC boosted its holdings in 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 period. 91.32% of the stock is currently owned by institutional investors.

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.