Lovesac (NASDAQ:LOVE) Announces Quarterly Earnings Results

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 earnings results on Thursday. The company reported ($0.45) EPS for the quarter, beating analysts' consensus estimates of ($0.72) by $0.27, Zacks reports. Lovesac had a return on equity of 6.35% and a net margin of 1.87%.The firm had revenue of $160.53 million for the quarter, compared to analyst estimates of $160.42 million. During the same quarter in the prior year, the firm earned ($0.38) earnings per share. Lovesac's revenue for the quarter 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 NASDAQ:LOVE traded up $0.16 during trading on Tuesday, hitting $17.88. The company's stock had a trading volume of 141,308 shares, compared to its average volume of 417,167. Lovesac has a fifty-two week low of $12.12 and a fifty-two week high of $39.49. The stock's 50-day moving average price is $18.77 and its two-hundred day moving average price is $18.64. The company has a market capitalization of $260.06 million, a PE ratio of 28.37, a PEG ratio of 0.56 and a beta of 2.35.

Insider Buying and Selling at Lovesac

In related news, Director Walter Field Mclallen purchased 1,950 shares of the company's stock in a transaction dated Friday, June 20th. The shares were acquired at an average cost of $18.08 per share, for a total transaction of $35,256.00. Following the transaction, the director owned 40,000 shares of the company's stock, valued at $723,200. This trade represents a 5.12% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 12.46% of the company's stock.

Institutional Trading of Lovesac

Several hedge funds and other institutional investors have recently modified their holdings of the company. Bridgeway Capital Management LLC grew its position in shares of Lovesac by 252.8% in the second quarter. Bridgeway Capital Management LLC now owns 306,687 shares of the company's stock valued at $5,582,000 after purchasing an additional 219,762 shares during the last quarter. Millennium Management LLC raised its position in shares of Lovesac by 344.8% during the 1st quarter. Millennium Management LLC now owns 302,291 shares of the company's stock valued at $5,496,000 after acquiring an additional 234,324 shares during the last quarter. Arrowstreet Capital Limited Partnership grew its holdings in shares of Lovesac by 26.0% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 264,930 shares of the company's stock valued at $4,822,000 after buying an additional 54,626 shares during the period. MML Investors Services LLC grew its holdings in shares of Lovesac by 1.0% in the 2nd quarter. MML Investors Services LLC now owns 218,845 shares of the company's stock valued at $3,983,000 after buying an additional 2,203 shares during the period. Finally, Nomura Holdings Inc. boosted its stake in Lovesac by 222.9% in the 2nd quarter. Nomura Holdings Inc. now owns 145,721 shares of the company's stock worth $2,652,000 after purchasing an additional 100,586 shares during the period. 91.32% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on LOVE shares. Maxim Group reduced their target price on Lovesac from $38.00 to $33.00 and set a "buy" rating for the company in a research note on Friday. Wall Street Zen upgraded Lovesac from a "sell" rating to a "hold" rating in a report on Saturday, July 12th. Canaccord Genuity Group reaffirmed a "buy" rating and issued a $30.00 price target on shares of Lovesac in a research report on Friday. Finally, DA Davidson restated a "buy" rating and set a $24.00 price target on shares of Lovesac in a research note on Tuesday, September 9th. Five investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock has an average rating of "Buy" and an average price target of $30.00.

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.