Lovesac (NASDAQ:LOVE) Updates FY 2027 Earnings Guidance
by Renee Jackson · The Cerbat GemLovesac (NASDAQ:LOVE – Get Free Report) updated its FY 2027 earnings guidance on Thursday. The company provided earnings per share guidance of 0.340-0.950 for the period, compared to the consensus earnings per share estimate of 1.530. The company issued revenue guidance of $700.0 million-$750.0 million, compared to the consensus revenue estimate of $736.0 million. Lovesac also updated its Q1 2027 guidance to -1.22–0.950 EPS.
Analysts Set New Price Targets
A number of brokerages have weighed in on LOVE. Wall Street Zen upgraded shares of Lovesac from a “sell” rating to a “hold” rating in a research report on Saturday, April 4th. Weiss Ratings reiterated a “sell (d)” rating on shares of Lovesac in a research report on Friday, March 27th. Maxim Group set a $26.00 price target on shares of Lovesac in a research report on Friday, December 12th. DA Davidson dropped their price objective on shares of Lovesac from $24.00 to $18.00 and set a “buy” rating for the company in a report on Thursday, December 11th. Finally, Canaccord Genuity Group dropped their price objective on shares of Lovesac from $30.00 to $24.00 and set a “buy” rating for the company in a report on Friday, December 12th. Five analysts have rated the stock with a Buy rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $26.20.
Get Our Latest Stock Report on LOVE
Lovesac Price Performance
Shares of LOVE stock traded up $0.34 during trading on Thursday, reaching $15.87. The company’s stock had a trading volume of 190,865 shares, compared to its average volume of 295,740. The company has a market capitalization of $232.05 million, a price-to-earnings ratio of 54.73, a P/E/G ratio of 0.63 and a beta of 2.21. The stock’s 50-day moving average price is $12.81 and its 200 day moving average price is $13.96. Lovesac has a 1-year low of $10.33 and a 1-year high of $21.90.
Lovesac (NASDAQ:LOVE – Get Free Report) last announced its quarterly earnings data on Thursday, March 26th. The company reported $2.19 earnings per share for the quarter, beating analysts’ consensus estimates of $2.00 by $0.19. The firm had revenue of $248.05 million during the quarter, compared to analysts’ expectations of $242.77 million. Lovesac had a net margin of 0.58% and a return on equity of 2.07%. The business’s quarterly revenue was up 2.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.13 earnings per share. On average, sell-side analysts anticipate that Lovesac will post 0.39 EPS for the current fiscal year.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently added to or reduced their stakes in LOVE. Invenomic Capital Management LP acquired a new position in Lovesac during the 4th quarter worth approximately $5,350,000. Millennium Management LLC raised its stake in Lovesac by 378.9% in the fourth quarter. Millennium Management LLC now owns 327,477 shares of the company’s stock valued at $4,830,000 after buying an additional 259,097 shares in the last quarter. Kanen Wealth Management LLC acquired a new stake in Lovesac in the third quarter valued at $4,025,000. Bridgeway Capital Management LLC raised its stake in 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 buying an additional 219,762 shares in the last quarter. Finally, Corient Private Wealth LLC raised its stake in Lovesac by 139.4% in the fourth quarter. Corient Private Wealth LLC now owns 278,863 shares of the company’s stock valued at $4,113,000 after buying an additional 162,356 shares in the last quarter. Institutional investors and hedge funds own 91.32% of the company’s stock.
About Lovesac
Lovesac, trading on NASDAQ under the symbol LOVE, is an American furniture company known for its modular seating systems and distinctive foam-filled “Sacs.” Founded in 1995 by Shawn Nelson, the company has built a reputation for innovative design that emphasizes comfort, durability and adaptability. Its core offerings include Sactionals—customizable sectional sofas assembled from individual “Sactional” cubes—and the original Lovesac Sacs, large fabric-covered bean bag chairs available in a variety of sizes and materials.
In addition to seating solutions, Lovesac has expanded into home entertainment products with the introduction of the Stage, a modular soundbar system designed to integrate seamlessly with Sactionals.