Lovesac (NASDAQ:LOVE) Releases Q2 2026 Earnings Guidance

Lovesac (NASDAQ:LOVE - Get Free Report) updated its second quarter 2026 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of -0.830--0.580 for the period, compared to the consensus estimate of -0.260. The company issued revenue guidance of $157.0 million-$166.0 million, compared to the consensus revenue estimate of $162.3 million. Lovesac also updated its FY 2026 guidance to 0.800-1.360 EPS.

Analyst Upgrades and Downgrades

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

Lovesac Stock Down 1.0%

Shares of LOVE traded down $0.17 during mid-day trading on Friday, hitting $16.65. 808,133 shares of the company's stock traded hands, compared to its average volume of 384,579. The firm has a market capitalization of $247.17 million, a P/E ratio of 48.97, a PEG ratio of 0.65 and a beta of 2.30. The business's 50-day moving average price is $19.40 and its 200-day moving average price is $22.12. Lovesac has a 1 year low of $12.12 and a 1 year 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 the consensus estimate of ($0.81) by $0.08. The company had revenue of $138.37 million for the quarter, compared to analysts' expectations of $137.20 million. Lovesac had a return on equity of 3.51% and a net margin of 1.04%. The firm's revenue for the quarter was up 4.4% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.83) earnings per share. Sell-side analysts anticipate that Lovesac will post 0.39 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Lovesac

Several hedge funds and other institutional investors have recently added to or reduced their stakes in LOVE. AQR Capital Management LLC grew its stake 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 acquiring an additional 89,007 shares during the last quarter. Millennium Management LLC grew its stake 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 acquiring an additional 234,324 shares during the last quarter. Finally, Empowered Funds LLC grew its stake 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 acquiring an additional 4,200 shares during the last quarter. 91.32% of the stock is owned by hedge funds and other institutional investors.

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.