Lovesac (NASDAQ:LOVE) Releases FY 2026 Earnings Guidance

Lovesac (NASDAQ:LOVE) updated its FY 2026 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of 0.800-1.360 for the period, compared to the consensus estimate of 1.030. The company issued revenue guidance of $700.0 million-$750.0 million, compared to the consensus revenue estimate of $719.7 million. Lovesac also updated its Q2 2026 guidance to -0.830–0.580 EPS.

Analyst Upgrades and Downgrades

LOVE has been the subject of several research analyst reports. Oppenheimer reissued an “outperform” rating and issued a $35.00 price objective on shares of Lovesac in a research report on Friday, April 11th. Roth Mkm boosted their target price on Lovesac from $22.00 to $28.00 and gave the company a “buy” rating in a research report on Friday, April 11th. Canaccord Genuity Group cut their price target on Lovesac from $45.00 to $30.00 and set a “buy” rating for the company in a research note on Friday, April 11th. Finally, DA Davidson cut their target price on Lovesac from $35.00 to $24.00 and set a “buy” rating on the stock in a research note on Friday, April 11th. Six research analysts have rated the stock with a buy rating, Based on data from MarketBeat, Lovesac has a consensus rating of “Buy” and a consensus price target of $31.67.

Lovesac Stock Performance

Lovesac stock opened at $16.65 on Friday. The stock has a market cap of $247.17 million, a P/E ratio of 48.97, a PEG ratio of 0.65 and a beta of 2.30. Lovesac has a fifty-two week low of $12.12 and a fifty-two week high of $39.49. The firm’s fifty day moving average price is $19.40 and its 200-day moving average price is $22.32.

Lovesac (NASDAQ:LOVE) last announced its earnings results on Thursday, June 12th. The company reported ($0.73) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.81) by $0.08. Lovesac had a net margin of 1.04% and a return on equity of 3.51%. The company had revenue of $138.37 million during the quarter, compared to analyst estimates of $137.20 million. During the same period in the previous year, the business earned ($0.83) earnings per share. The firm’s quarterly revenue was up 4.4% compared to the same quarter last year. Sell-side analysts predict that Lovesac will post 0.39 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Empowered Funds LLC boosted its holdings in shares of Lovesac by 8.1% during the first quarter. Empowered Funds LLC now owns 55,925 shares of the company’s stock worth $1,017,000 after purchasing an additional 4,200 shares during the period. AQR Capital Management LLC boosted its holdings in Lovesac by 391.8% in the first quarter. AQR Capital Management LLC now owns 111,727 shares of the company’s stock worth $2,031,000 after purchasing an additional 89,007 shares during the last quarter. Finally, Millennium Management LLC boosted its stake in shares of Lovesac by 344.8% during the 1st quarter. Millennium Management LLC now owns 302,291 shares of the company’s stock worth $5,496,000 after acquiring an additional 234,324 shares during the last quarter. 91.32% of the stock is currently owned by hedge funds and other institutional investors.

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.