Lovesac (NASDAQ:LOVE) Updates FY 2027 Earnings Guidance

Lovesac (NASDAQ:LOVE) issued an update on its FY 2027 earnings guidance on Thursday morning. The company provided EPS guidance of 0.980-1.260 for the period, compared to the consensus EPS estimate of 1.090. The company issued revenue guidance of $690.0 million-$710.0 million, compared to the consensus revenue estimate of $716.8 million. Lovesac also updated its Q3 2027 guidance to 0.620-0.830 EPS.

Analyst Ratings Changes

Several brokerages have recently weighed in on LOVE. Canaccord Genuity Group set a $22.00 price target on shares of Lovesac in a research note on Thursday, June 11th. DA Davidson raised their target price on Lovesac from $18.00 to $20.00 and gave the stock a “buy” rating in a report on Friday, June 12th. Finally, Weiss Ratings reiterated a “sell (d)” rating on shares of Lovesac in a research report on Wednesday, June 24th. Four research 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 currently has an average rating of “Moderate Buy” and an average target price of $22.67.

Lovesac Stock Performance

Shares of NASDAQ LOVE opened at $16.03 on Thursday. The company has a market cap of $234.68 million, a P/E ratio of 61.65, a P/E/G ratio of 0.91 and a beta of 2.03. Lovesac has a 52-week low of $10.33 and a 52-week high of $20.87. The firm’s fifty day moving average is $16.94 and its two-hundred day moving average is $15.47.

Lovesac (NASDAQ:LOVE) last released its quarterly earnings data on Thursday, September 10th. The company reported $0.51 EPS for the quarter, beating the consensus estimate of ($0.36) by $0.87. The business had revenue of $161.25 million during the quarter, compared to the consensus estimate of $161.55 million. Lovesac had a net margin of 0.55% and a return on equity of 1.88%. During the same quarter in the prior year, the firm earned ($0.45) EPS. Lovesac has set its Q3 2027 guidance at 0.620-0.830 EPS and its FY 2027 guidance at 0.980-1.260 EPS. As a group, analysts forecast that Lovesac will post 0.5 EPS for the current fiscal year.

Insider Activity at Lovesac

In other news, Director Andrew Heyer purchased 30,000 shares of the company’s stock in a transaction that occurred on Thursday, June 18th. The stock was bought at an average cost of $14.68 per share, with a total value of $440,400.00. Following the completion of the purchase, the director owned 293,259 shares in the company, valued at approximately $4,305,042.12. This represents a 11.40% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders bought 33,550 shares of company stock valued at $490,146 in the last quarter. 7.79% of the stock is currently owned by insiders.

Institutional Trading of Lovesac

Hedge funds have recently modified their holdings of the company. BNP Paribas Financial Markets boosted its position 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 valued at $35,000 after acquiring an additional 1,097 shares during the last quarter. Ancora Advisors LLC bought a new stake in Lovesac in the third quarter worth $146,000. XTX Topco Ltd bought a new stake in Lovesac in the fourth quarter worth $149,000. HRT Financial LP purchased a new stake in Lovesac during the fourth quarter valued at $160,000. Finally, Schonfeld Strategic Advisors LLC purchased a new stake in Lovesac during the fourth quarter valued at $198,000. 91.32% of the stock is owned by hedge funds and other institutional investors.

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.