Lovesac (LOVE) Projected to Post Earnings on Thursday

Lovesac (NASDAQ:LOVE - Get Free Report) is anticipated to issue 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 announced its earnings results 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 for the quarter, compared to the consensus estimate of $230.33 million. Lovesac had a net margin of 1.04% and a return on equity of 3.51%. Lovesac's quarterly revenue was down 3.6% on a year-over-year basis. During the same period last year, the firm 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 Performance

LOVE traded up $0.59 on Friday, reaching $19.81. The company had a trading volume of 219,824 shares, compared to its average volume of 378,880. The business has a 50 day simple moving average of $18.98 and a 200 day simple moving average of $22.74. The company has a market cap of $294.08 million, a price-to-earnings ratio of 58.26, a P/E/G ratio of 0.65 and a beta of 2.30. Lovesac has a 52-week low of $12.12 and a 52-week high of $39.49.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in LOVE. AQR Capital Management LLC grew 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 worth $2,031,000 after purchasing an additional 89,007 shares during the last quarter. Millennium Management LLC grew its holdings in shares of Lovesac by 344.8% in the first quarter. Millennium Management LLC now owns 302,291 shares of the company's stock worth $5,496,000 after purchasing an additional 234,324 shares during the last quarter. Finally, Empowered Funds LLC grew its holdings in shares of Lovesac by 8.1% in 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 last quarter. Institutional investors own 91.32% of the company's stock.

Analyst Ratings Changes

LOVE has been the topic of a number of recent analyst reports. Canaccord Genuity Group lowered their target price on shares of Lovesac from $45.00 to $30.00 and set a "buy" rating on the stock in a research note on Friday, April 11th. DA Davidson reduced their price target on shares of Lovesac from $35.00 to $24.00 and set a "buy" rating on the stock in a research report on Friday, April 11th. Oppenheimer reiterated an "outperform" rating and set a $35.00 price target on shares of Lovesac in a research report on Friday, April 11th. Finally, Roth Mkm increased their price target on shares of Lovesac from $22.00 to $28.00 and gave the company a "buy" rating in a research report on Friday, April 11th. Six research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Lovesac presently has a consensus rating of "Buy" and an average target price 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.