Lovesac (NASDAQ:LOVE) Releases Earnings Results, Beats Estimates By $0.27 EPS

Lovesac (NASDAQ:LOVE) posted its quarterly earnings results on Thursday. The company reported ($0.76) EPS for the quarter, topping analysts’ consensus estimates of ($1.03) by $0.27, FiscalAI reports. Lovesac had a return on equity of 2.02% and a net margin of 0.58%.The company had revenue of $138.20 million during the quarter, compared to analysts’ expectations of $136.34 million. Lovesac updated its Q2 2027 guidance to 0.200-0.480 EPS and its FY 2027 guidance to 0.340-0.810 EPS.

Lovesac Stock Down 0.6%

Shares of LOVE opened at $16.48 on Thursday. Lovesac has a 12-month low of $10.33 and a 12-month high of $21.15. The business has a 50-day simple moving average of $15.85 and a two-hundred day simple moving average of $14.35. The stock has a market cap of $243.57 million, a PE ratio of 56.83, a PEG ratio of 0.80 and a beta of 2.02.

Insider Transactions at Lovesac

In other news, CEO Shawn David Nelson bought 1,477 shares of the stock in a transaction on Thursday, April 16th. The stock was acquired at an average price of $16.95 per share, with a total value of $25,035.15. Following the acquisition, the chief executive officer directly owned 202,681 shares in the company, valued at approximately $3,435,442.95. This trade represents a 0.73% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 7.79% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Lovesac

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Arrowstreet Capital Limited Partnership increased its holdings in Lovesac by 41.9% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 375,883 shares of the company’s stock worth $6,364,000 after purchasing an additional 110,953 shares in the last quarter. Invenomic Capital Management LP acquired a new position in Lovesac in the 4th quarter worth about $5,350,000. Millennium Management LLC increased its holdings in 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 purchasing an additional 259,097 shares in the last quarter. Bridgeway Capital Management LLC increased its holdings in Lovesac by 252.8% in the 2nd quarter. Bridgeway Capital Management LLC now owns 306,687 shares of the company’s stock worth $5,582,000 after purchasing an additional 219,762 shares in the last quarter. Finally, MML Investors Services LLC increased its holdings in Lovesac by 24.7% in the 4th quarter. MML Investors Services LLC now owns 303,283 shares of the company’s stock worth $4,473,000 after purchasing an additional 60,034 shares in the last quarter. Institutional investors and hedge funds own 91.32% of the company’s stock.

Analyst Upgrades and Downgrades

LOVE has been the subject of a number of research analyst reports. Roth Mkm reissued a “buy” rating on shares of Lovesac in a report on Friday, March 27th. Wall Street Zen raised Lovesac from a “sell” rating to a “hold” rating in a report on Saturday, April 4th. Finally, Weiss Ratings reissued a “sell (d)” rating on shares of Lovesac in a report on Friday, March 27th. Four equities research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Lovesac has an average rating of “Moderate Buy” and a consensus price target of $22.67.

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.