Lovesac (NASDAQ:LOVE) Releases FY 2026 Earnings Guidance

Lovesac (NASDAQ:LOVE - Get Free Report) updated its FY 2026 earnings guidance on Thursday. The company provided earnings per share guidance of 0.800-1.360 for the period, compared to the consensus earnings per share estimate of 1.030. The company issued revenue guidance of $700.0 million-$750.0 million, compared to the consensus revenue estimate of $719.7 million. Lovesac also updated its Q2 2026 guidance to -0.830--0.580 EPS.

Analysts Set New Price Targets

A number of research analysts have weighed in on the company. Oppenheimer reissued an "outperform" rating and issued a $35.00 target price on shares of Lovesac in a report on Friday, April 11th. Roth Mkm increased their target price on Lovesac from $22.00 to $28.00 and gave the company a "buy" rating in a report on Friday, April 11th. DA Davidson lowered their target price on Lovesac from $35.00 to $24.00 and set a "buy" rating on the stock in a report on Friday, April 11th. Finally, Canaccord Genuity Group decreased their price objective on Lovesac from $45.00 to $30.00 and set a "buy" rating on the stock in a research note on Friday, April 11th. Six investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company has an average rating of "Buy" and a consensus target price of $31.67.

Lovesac Price Performance

Lovesac stock traded down $3.68 during trading hours on Thursday, reaching $16.82. The stock had a trading volume of 1,757,882 shares, compared to its average volume of 384,298. The company has a market cap of $249.69 million, a price-to-earnings ratio of 49.47, a PEG ratio of 0.65 and a beta of 2.30. The business's 50 day moving average price is $19.25 and its 200-day moving average price is $22.61. Lovesac has a 52 week low of $12.12 and a 52 week high of $39.49.

Lovesac (NASDAQ:LOVE - Get Free Report) last issued its quarterly earnings results on Thursday, June 12th. The company reported ($0.73) earnings per share for the quarter, topping analysts' consensus estimates of ($0.84) by $0.11. Lovesac had a return on equity of 3.51% and a net margin of 1.04%. The business had revenue of $138.37 million for the quarter, compared to analyst estimates of $137.20 million. During the same quarter in the previous year, the firm earned ($0.83) earnings per share. The company's revenue was up 4.4% on a year-over-year basis. On average, sell-side analysts forecast that Lovesac will post 0.39 EPS for the current fiscal year.

Institutional Investors Weigh In On Lovesac

Hedge funds have recently bought and sold shares of the stock. Empowered Funds LLC raised its stake in shares of Lovesac by 8.1% during the 1st quarter. Empowered Funds LLC now owns 55,925 shares of the company's stock worth $1,017,000 after buying an additional 4,200 shares during the period. Millennium Management LLC raised its stake 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 purchasing an additional 234,324 shares during the last quarter. Finally, AQR Capital Management LLC raised its stake in Lovesac by 391.8% in the 1st 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 during the last quarter. Hedge funds and other institutional investors 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.