Lovesac (NASDAQ:LOVE) Issues Quarterly Earnings Results

Lovesac (NASDAQ:LOVE - Get Free Report) posted its quarterly earnings data on Thursday. The company reported ($0.73) earnings per share for the quarter, beating analysts' consensus estimates of ($0.81) by $0.08, Briefing.com reports. Lovesac had a return on equity of 3.51% and a net margin of 1.04%. The business had revenue of $138.37 million during the quarter, compared to the consensus estimate of $137.20 million. During the same period in the prior year, the business posted ($0.83) earnings per share. Lovesac'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 Trading Down 1.0%

Shares of Lovesac stock traded down $0.17 during trading on Friday, hitting $16.65. The stock had a trading volume of 808,133 shares, compared to its average volume of 384,579. The firm has a market cap of $247.17 million, a price-to-earnings ratio of 48.97, a P/E/G ratio of 0.65 and a beta of 2.30. Lovesac has a 12 month low of $12.12 and a 12 month high of $39.49. The business's 50-day moving average is $19.40 and its 200 day moving average is $22.12.

Analysts Set New Price Targets

Several equities analysts recently weighed in on LOVE shares. Roth Mkm raised 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. DA Davidson dropped their target price 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 reissued an "outperform" rating and set a $35.00 target price on shares of Lovesac in a research report on Friday, April 11th. Finally, Canaccord Genuity Group dropped their target price on shares of Lovesac from $45.00 to $30.00 and set a "buy" rating on the stock in a research report on Friday, April 11th. Six investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Lovesac presently has a consensus rating of "Buy" and an average price target of $31.67.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in LOVE. Empowered Funds LLC increased 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 period. AQR Capital Management LLC increased 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 period. Finally, Millennium Management LLC increased 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 period. Institutional investors own 91.32% of the company's stock.

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.