Lovesac (NASDAQ:LOVE) Issues Quarterly Earnings Results

Lovesac (NASDAQ:LOVE - Get Free Report) announced its quarterly earnings data on Thursday. The company reported ($0.73) EPS for the quarter, beating analysts' consensus estimates of ($0.84) by $0.11, Briefing.com reports. Lovesac had a net margin of 1.04% and a return on equity of 3.51%. The company had revenue of $138.37 million during the quarter, compared to the consensus estimate of $137.20 million. During the same quarter last year, the firm posted ($0.83) EPS. The company's quarterly revenue was up 4.4% on a year-over-year basis. Lovesac updated its Q2 2026 guidance to -0.830--0.580 EPS and its FY 2026 guidance to 0.800-1.360 EPS.

Lovesac Stock Down 18.0%

Shares of Lovesac stock traded down $3.68 on Thursday, reaching $16.82. The stock had a trading volume of 1,757,882 shares, compared to its average volume of 384,298. Lovesac has a 1 year low of $12.12 and a 1 year high of $39.49. The stock has a market capitalization of $249.69 million, a P/E ratio of 49.47, a P/E/G ratio of 0.65 and a beta of 2.30. The company has a 50 day moving average price of $19.32 and a 200 day moving average price of $22.47.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the stock. Roth Mkm upped their price objective 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 lowered 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 report on Friday, April 11th. Finally, DA Davidson reduced their price target 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 equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock presently has an average rating of "Buy" and a consensus price target of $31.67.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Empowered Funds LLC raised its holdings in 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 last quarter. AQR Capital Management LLC grew its position in shares of Lovesac by 391.8% during the first quarter. AQR Capital Management LLC now owns 111,727 shares of the company's stock worth $2,031,000 after acquiring an additional 89,007 shares during the last quarter. Finally, Millennium Management LLC grew its position in Lovesac by 344.8% in the 1st quarter. Millennium Management LLC now owns 302,291 shares of the company's stock valued at $5,496,000 after buying an additional 234,324 shares during the last quarter. Institutional investors and hedge funds own 91.32% of the company's stock.

Lovesac Company Profile

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.