Lovesac (LOVE) Expected to Announce Quarterly Earnings on Thursday

Lovesac (NASDAQ:LOVE - Get Free Report) is expected to be issuing its Q1 2026 quarterly earnings data before the market opens on Thursday, June 12th. Analysts expect the company to announce earnings of ($0.84) per share and revenue of $137.20 million for the quarter.

Lovesac (NASDAQ:LOVE - Get Free Report) last posted its quarterly earnings data on Thursday, April 10th. The company reported $2.13 earnings per share for the quarter, beating analysts' consensus estimates of $1.80 by $0.33. The business had revenue of $241.50 million during the quarter, compared to analyst estimates of $230.33 million. Lovesac had a net margin of 1.04% and a return on equity of 3.51%. The company's revenue was down 3.6% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.87 earnings per share. On average, analysts expect Lovesac to post $0 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Lovesac Stock Down 1.0%

Shares of NASDAQ:LOVE traded down $0.19 during trading on Thursday, reaching $19.22. The stock had a trading volume of 147,789 shares, compared to its average volume of 378,584. Lovesac has a fifty-two week low of $12.12 and a fifty-two week high of $39.49. The business has a fifty day moving average price of $18.91 and a 200-day moving average price of $23.08. The stock has a market cap of $285.32 million, a P/E ratio of 56.53, a PEG ratio of 0.65 and a beta of 2.48.

Hedge Funds Weigh In On Lovesac

Several institutional investors have recently bought and sold shares of the business. Empowered Funds LLC grew its stake 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 lifted its holdings in shares of Lovesac by 391.8% in the first quarter. AQR Capital Management LLC now owns 111,727 shares of the company's stock valued at $2,031,000 after purchasing an additional 89,007 shares in the last quarter. Finally, Millennium Management LLC raised its holdings in Lovesac by 344.8% during the first 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 in the last quarter. Institutional investors own 91.32% of the company's stock.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the stock. Roth Mkm upped their target price on shares of Lovesac from $22.00 to $28.00 and gave the company a "buy" rating in a research note on Friday, April 11th. Canaccord Genuity Group dropped their price objective on shares of Lovesac from $45.00 to $30.00 and set a "buy" rating on the stock in a report on Friday, April 11th. Oppenheimer reiterated an "outperform" rating and issued a $35.00 target price on shares of Lovesac in a research report on Friday, April 11th. Finally, DA Davidson reduced their price objective on shares of Lovesac from $35.00 to $24.00 and set a "buy" rating for the company in a research report on Friday, April 11th. Six research analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock has a consensus rating of "Buy" and a consensus price target of $31.67.

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.