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

Shares of The Lovesac Company (NASDAQ:LOVE - Get Free Report) have earned an average rating of "Moderate Buy" from the six brokerages that are presently covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation and five have given a buy recommendation to the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $30.00.

Several analysts have recently weighed in on the stock. Maxim Group reduced their price objective on shares of Lovesac from $38.00 to $33.00 and set a "buy" rating for the company in a research report on Friday, September 12th. DA Davidson reissued a "buy" rating and issued a $24.00 price target on shares of Lovesac in a research report on Tuesday, September 9th. Wall Street Zen upgraded shares of Lovesac from a "sell" rating to a "hold" rating in a research note on Saturday, July 12th. Canaccord Genuity Group reiterated a "buy" rating and set a $30.00 target price on shares of Lovesac in a research report on Friday, September 12th. Finally, Weiss Ratings reissued a "sell (d+)" rating on shares of Lovesac in a research report on Wednesday, October 8th.

Institutional Trading of Lovesac

Several institutional investors and hedge funds have recently bought and sold shares of LOVE. BNP Paribas Financial Markets grew its position in Lovesac by 130.4% during the 2nd quarter. BNP Paribas Financial Markets now owns 1,938 shares of the company's stock worth $35,000 after purchasing an additional 1,097 shares during the last quarter. Public Employees Retirement System of Ohio purchased a new position in shares of Lovesac during the second quarter worth about $36,000. Quarry LP increased its position in Lovesac by 396.3% in the 1st quarter. Quarry LP now owns 3,052 shares of the company's stock valued at $55,000 after acquiring an additional 2,437 shares during the period. Blueshift Asset Management LLC purchased a new stake in Lovesac during the 2nd quarter valued at approximately $195,000. Finally, GAMMA Investing LLC lifted its position in Lovesac by 12,234.3% during the 1st quarter. GAMMA Investing LLC now owns 12,581 shares of the company's stock worth $229,000 after acquiring an additional 12,479 shares during the period. Hedge funds and other institutional investors own 91.32% of the company's stock.

Lovesac Price Performance

Shares of NASDAQ LOVE opened at $14.36 on Friday. The business has a 50-day moving average of $17.73 and a two-hundred day moving average of $18.43. The company has a market capitalization of $209.80 million, a price-to-earnings ratio of 22.79, a price-to-earnings-growth ratio of 0.71 and a beta of 2.38. 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 earnings results on Thursday, September 11th. The company reported ($0.45) earnings per share for the quarter, topping the consensus estimate of ($0.72) by $0.27. The business had revenue of $160.53 million for the quarter, compared to analyst estimates of $160.42 million. Lovesac had a return on equity of 6.35% and a net margin of 1.87%.The business's quarterly revenue was up 2.5% on a year-over-year basis. During the same quarter last 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, equities research analysts expect that Lovesac will post 0.39 earnings per share for the current year.

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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