Lovesac (NASDAQ:LOVE) Issues Q1 Earnings Guidance

Lovesac (NASDAQ:LOVE) issued an update on its first quarter earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of $(0.85)-$(0.66) for the period, compared to the consensus estimate of ($0.80). The company issued revenue guidance of $136-$142 million, compared to the consensus revenue estimate of $138.61 million. Lovesac also updated its FY 2026 guidance to 0.800-1.360 EPS.

Lovesac Stock Up 6.5 %

NASDAQ:LOVE traded up $1.04 during mid-day trading on Thursday, reaching $16.97. 1,134,372 shares of the stock were exchanged, compared to its average volume of 366,892. The stock has a market capitalization of $261.82 million, a P/E ratio of 50.22, a P/E/G ratio of 0.65 and a beta of 3.08. Lovesac has a 1 year low of $12.12 and a 1 year high of $39.49. The company has a 50 day simple moving average of $19.18 and a 200-day simple moving average of $25.47.

Lovesac (NASDAQ:LOVE) last announced its earnings results 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. Lovesac had a net margin of 1.04% and a return on equity of 3.51%. The business had revenue of $241.50 million for the quarter, compared to analyst estimates of $230.33 million. During the same period last year, the firm posted $1.87 earnings per share. The company’s revenue for the quarter was down 3.6% compared to the same quarter last year. As a group, research analysts predict that Lovesac will post 0.39 EPS for the current year.

Wall Street Analyst Weigh In

Separately, DA Davidson reiterated a “buy” rating and set a $35.00 target price on shares of Lovesac in a research note on Tuesday, March 25th. Six equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of $38.33.

Insider Transactions at Lovesac

In related news, Director Albert Jack Krause sold 30,000 shares of the stock in a transaction dated Friday, January 17th. The shares were sold at an average price of $26.33, for a total transaction of $789,900.00. Following the completion of the transaction, the director now directly owns 147,849 shares of the company’s stock, valued at $3,892,864.17. This represents a 16.87 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 12.33% of the company’s stock.

About Lovesac

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.