Lovesac (NASDAQ:LOVE) Issues Earnings Results, Beats Expectations By $0.87 EPS

Lovesac (NASDAQ:LOVE) posted its quarterly earnings results on Thursday. The company reported $0.51 EPS for the quarter, beating analysts’ consensus estimates of ($0.36) by $0.87, FiscalAI reports. The company had revenue of $161.25 million during the quarter, compared to analyst estimates of $161.55 million. Lovesac had a net margin of 0.55% and a return on equity of 1.88%. During the same period in the prior year, the business posted ($0.45) EPS. Lovesac updated its Q3 2027 guidance to 0.620-0.830 EPS and its FY 2027 guidance to 0.980-1.260 EPS.

Lovesac Price Performance

LOVE stock opened at $16.03 on Thursday. Lovesac has a 1 year low of $10.33 and a 1 year high of $20.87. The firm has a 50-day moving average of $16.94 and a 200 day moving average of $15.47. The company has a market cap of $234.68 million, a P/E ratio of 61.65, a PEG ratio of 0.91 and a beta of 2.03.

Wall Street Analyst Weigh In

LOVE has been the topic of a number of analyst reports. DA Davidson boosted their price objective on shares of Lovesac from $18.00 to $20.00 and gave the company a “buy” rating in a research report on Friday, June 12th. Weiss Ratings restated a “sell (d)” rating on shares of Lovesac in a report on Wednesday, June 24th. Finally, Canaccord Genuity Group set a $22.00 price target on Lovesac in a research report on Thursday, June 11th. Four analysts have rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $22.67.

Insider Activity

In other news, Director Andrew Heyer bought 30,000 shares of the stock in a transaction dated Thursday, June 18th. The stock was bought at an average price of $14.68 per share, for a total transaction of $440,400.00. Following the purchase, the director directly owned 293,259 shares in the company, valued at $4,305,042.12. This trade represents a 11.40% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Over the last three months, insiders purchased 33,550 shares of company stock valued at $490,146. 7.79% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Lovesac

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Invesco Ltd. lifted its position in Lovesac by 32.3% during the fourth quarter. Invesco Ltd. now owns 73,880 shares of the company’s stock valued at $1,090,000 after buying an additional 18,027 shares during the period. Corient Private Wealth LLC grew its position in shares of Lovesac by 139.4% in the 4th quarter. Corient Private Wealth LLC now owns 278,863 shares of the company’s stock worth $4,113,000 after buying an additional 162,356 shares during the period. Empowered Funds LLC grew its position in shares of Lovesac by 10.8% in the 4th quarter. Empowered Funds LLC now owns 76,547 shares of the company’s stock worth $1,129,000 after buying an additional 7,483 shares during the period. XTX Topco Ltd bought a new position in shares of Lovesac in the 4th quarter worth about $149,000. Finally, Millennium Management LLC increased its stake in shares of Lovesac by 378.9% in the 4th quarter. Millennium Management LLC now owns 327,477 shares of the company’s stock worth $4,830,000 after acquiring an additional 259,097 shares in the last quarter. 91.32% of the stock is owned by hedge funds and other institutional investors.

Lovesac Company Profile

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.