The Lovesac Company (NASDAQ:LOVE) Given Average Rating of "Buy" by Analysts

Key Points

• The Lovesac Company (NASDAQ:LOVE) has received a consensus "Buy" rating from five analysts, with an average 12-month target price of $30.00.
• The company's recent quarterly earnings showed a revenue of $160.53 million, surpassing analysts' expectations, and a notable improvement in EPS compared to the same quarter last year.
• Recent actions by hedge funds indicate strong institutional interest, with 91.32% of the stock held by large investors who have recently increased their positions.

The Lovesac Company (NASDAQ:LOVE - Get Free Report) has been given a consensus recommendation of "Buy" by the five ratings firms that are currently covering the company, Marketbeat reports. Five research analysts have rated the stock with a buy recommendation. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $30.00.

Several research analysts have commented on the stock. Maxim Group decreased their price target on shares of Lovesac from $38.00 to $33.00 and set a "buy" rating on the stock in a research note on Friday, September 12th. Canaccord Genuity Group reaffirmed a "buy" rating and set a $30.00 target price on shares of Lovesac in a report on Friday, September 12th. DA Davidson reiterated a "buy" rating and issued a $24.00 target price on shares of Lovesac in a research report on Tuesday, September 9th. Finally, Wall Street Zen raised Lovesac from a "sell" rating to a "hold" rating in a research note on Saturday, July 12th.

Lovesac Trading Up 0.2%

LOVE stock opened at $17.89 on Tuesday. The company's 50 day moving average is $18.71 and its 200 day moving average is $18.62. The stock has a market cap of $261.37 million, a price-to-earnings ratio of 28.40, a price-to-earnings-growth ratio of 0.85 and a beta of 2.35. Lovesac has a 1-year low of $12.12 and a 1-year high of $39.49.

Lovesac (NASDAQ:LOVE - Get Free Report) last released its quarterly earnings results on Thursday, September 11th. The company reported ($0.45) EPS for the quarter, topping analysts' consensus estimates of ($0.72) by $0.27. The business had revenue of $160.53 million during the quarter, compared to analysts' expectations of $160.42 million. Lovesac had a net margin of 1.87% and a return on equity of 6.35%. The business's quarterly revenue was up 2.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned ($0.38) EPS. Lovesac has set its Q3 2026 guidance at -0.830--0.51 EPS. FY 2026 guidance at 0.520-1.05 EPS. As a group, sell-side analysts forecast that Lovesac will post 0.39 EPS for the current fiscal year.

Hedge Funds Weigh In On Lovesac

Large investors have recently bought and sold shares of the stock. Senvest Management LLC raised its position in Lovesac by 0.8% during the 2nd quarter. Senvest Management LLC now owns 1,282,634 shares of the company's stock valued at $23,344,000 after purchasing an additional 10,000 shares during the last quarter. Hood River Capital Management LLC raised its holdings in shares of Lovesac by 17.4% during the second quarter. Hood River Capital Management LLC now owns 989,117 shares of the company's stock valued at $18,002,000 after acquiring an additional 146,911 shares in the last quarter. Anson Funds Management LP lifted its stake in Lovesac by 1.4% in the first quarter. Anson Funds Management LP now owns 932,261 shares of the company's stock worth $16,949,000 after acquiring an additional 13,032 shares during the period. AWM Investment Company Inc. lifted its stake in Lovesac by 7.2% in the second quarter. AWM Investment Company Inc. now owns 730,960 shares of the company's stock worth $13,303,000 after acquiring an additional 49,219 shares during the period. Finally, American Century Companies Inc. boosted its holdings in Lovesac by 10.5% in the first quarter. American Century Companies Inc. now owns 482,587 shares of the company's stock valued at $8,773,000 after acquiring an additional 45,797 shares in 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.

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