Lovesac (NASDAQ:LOVE) Releases FY 2027 Earnings Guidance

Lovesac (NASDAQ:LOVE) issued an update on its FY 2027 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of 0.340-0.810 for the period, compared to the consensus estimate of 1.250. The company issued revenue guidance of $700.0 million-$740.0 million, compared to the consensus revenue estimate of $719.4 million. Lovesac also updated its Q2 2027 guidance to 0.200-0.480 EPS.

Lovesac Trading Down 0.6%

NASDAQ:LOVE opened at $16.48 on Thursday. The company’s 50-day moving average price is $15.85 and its 200-day moving average price is $14.35. The company has a market cap of $243.57 million, a P/E ratio of 56.83, a P/E/G ratio of 0.80 and a beta of 2.02. Lovesac has a twelve month low of $10.33 and a twelve month high of $21.15.

Lovesac (NASDAQ:LOVE) last posted its quarterly earnings results on Thursday, June 11th. The company reported ($0.76) earnings per share for the quarter, topping the consensus estimate of ($1.03) by $0.27. The firm had revenue of $138.20 million for the quarter, compared to the consensus estimate of $136.34 million. Lovesac had a net margin of 0.58% and a return on equity of 2.02%. Lovesac has set its Q2 2027 guidance at 0.200-0.480 EPS and its FY 2027 guidance at 0.340-0.810 EPS. On average, analysts expect that Lovesac will post 0.59 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the stock. Wall Street Zen upgraded shares of Lovesac from a “sell” rating to a “hold” rating in a report on Saturday, April 4th. Roth Mkm reiterated a “buy” rating on shares of Lovesac in a report on Friday, March 27th. Finally, Weiss Ratings reiterated a “sell (d)” rating on shares of Lovesac in a report on Friday, March 27th. Four investment analysts have rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Lovesac has an average rating of “Moderate Buy” and an average target price of $22.67.

Insider Activity

In related news, CEO Shawn David Nelson purchased 1,477 shares of Lovesac stock in a transaction dated Thursday, April 16th. The shares were acquired at an average cost of $16.95 per share, with a total value of $25,035.15. Following the purchase, the chief executive officer owned 202,681 shares of the company’s stock, valued at approximately $3,435,442.95. The trade was a 0.73% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 7.79% of the company’s stock.

Institutional Investors Weigh In On Lovesac

Institutional investors and hedge funds have recently made changes to their positions in the stock. Empowered Funds LLC raised its stake in shares of Lovesac by 8.1% in the 1st quarter. Empowered Funds LLC now owns 55,925 shares of the company’s stock valued at $1,017,000 after acquiring an additional 4,200 shares during the period. Atom Investors LP purchased a new stake in shares of Lovesac in the 4th quarter valued at approximately $794,000. Invesco Ltd. raised its stake in shares of Lovesac by 17.9% in the 2nd quarter. Invesco Ltd. now owns 39,315 shares of the company’s stock valued at $716,000 after acquiring an additional 5,976 shares during the period. Balyasny Asset Management L.P. purchased a new stake in shares of Lovesac in the 4th quarter valued at approximately $616,000. Finally, Charles Schwab Investment Management Inc. raised its stake in shares of Lovesac by 5.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 41,186 shares of the company’s stock valued at $607,000 after acquiring an additional 2,165 shares during the period. 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.