Lovesac (NASDAQ:LOVE) Releases Quarterly Earnings Results, Beats Expectations By $0.27 EPS

Key Points

• Lovesac reported a quarterly earnings per share of ($0.45), surpassing analysts' expectations of ($0.72) by $0.27.
• The company achieved revenue of $160.53 million for the quarter, slightly exceeding the consensus estimate of $160.42 million, marking a year-over-year increase of 2.5%.
• Lovesac has updated its financial guidance for Q3 2026 to a range of (-0.830 to -0.51 EPS) and FY 2026 to (0.520 to 1.05 EPS).

Lovesac (NASDAQ:LOVE - Get Free Report) issued its quarterly earnings results on Thursday. The company reported ($0.45) earnings per share for the quarter, beating analysts' consensus estimates of ($0.72) by $0.27, Zacks reports. Lovesac had a net margin of 1.99% and a return on equity of 6.70%. The firm had revenue of $160.53 million during the quarter, compared to the consensus estimate of $160.42 million. During the same period in the prior year, the firm earned ($0.38) EPS. The business's revenue was up 2.5% on a year-over-year basis. Lovesac updated its Q3 2026 guidance to -0.830--0.51 EPS and its FY 2026 guidance to 0.520-1.05 EPS.

Lovesac Stock Performance

Shares of LOVE opened at $20.75 on Thursday. Lovesac has a twelve month low of $12.12 and a twelve month high of $39.49. The firm's 50 day moving average price is $18.86 and its two-hundred day moving average price is $18.75. The firm has a market cap of $301.91 million, a P/E ratio of 29.64, a PEG ratio of 0.62 and a beta of 2.35.

Analysts Set New Price Targets

LOVE has been the subject of a number of analyst reports. Wall Street Zen raised shares of Lovesac from a "sell" rating to a "hold" rating in a report on Saturday, July 12th. DA Davidson reiterated a "buy" rating and set a $24.00 target price on shares of Lovesac in a research report on Tuesday. Five equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company has an average rating of "Buy" and an average price target of $30.40.

Insider Activity

In other Lovesac news, Director Walter Field Mclallen acquired 1,950 shares of the stock in a transaction dated Friday, June 20th. The shares were bought at an average cost of $18.08 per share, for a total transaction of $35,256.00. Following the completion of the acquisition, the director directly owned 40,000 shares of the company's stock, valued at approximately $723,200. This trade represents a 5.12% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 12.46% of the stock is owned by company insiders.

Hedge Funds Weigh In On Lovesac

Institutional investors have recently added to or reduced their stakes in the company. BNP Paribas Financial Markets increased its holdings in shares of Lovesac by 130.4% in the second quarter. BNP Paribas Financial Markets now owns 1,938 shares of the company's stock valued at $35,000 after purchasing an additional 1,097 shares during the last quarter. Russell Investments Group Ltd. increased its holdings in shares of Lovesac by 80.3% in the second quarter. Russell Investments Group Ltd. now owns 12,917 shares of the company's stock valued at $235,000 after purchasing an additional 5,754 shares during the last quarter. Rhumbline Advisers increased its holdings in shares of Lovesac by 15.9% in the second quarter. Rhumbline Advisers now owns 24,550 shares of the company's stock valued at $447,000 after purchasing an additional 3,376 shares during the last quarter. Invesco Ltd. increased its holdings in shares of Lovesac by 17.9% in the second quarter. Invesco Ltd. now owns 39,315 shares of the company's stock valued at $716,000 after purchasing an additional 5,976 shares during the last quarter. Finally, 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 valued at $1,017,000 after purchasing an additional 4,200 shares during the last quarter. 91.32% of the stock is currently owned by institutional investors and hedge funds.

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.

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