Lovesac (NASDAQ:LOVE) Updates FY 2027 Earnings Guidance

by · The Markets Daily

Lovesac (NASDAQ:LOVE – Get Free Report) updated its FY 2027 earnings guidance on Thursday. The company provided EPS guidance of 0.980-1.260 for the period, compared to the consensus estimate of 1.090. The company issued revenue guidance of $690.0 million-$710.0 million, compared to the consensus revenue estimate of $716.8 million. Lovesac also updated its Q3 2027 guidance to 0.620-0.830 EPS.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on LOVE shares. DA Davidson boosted their target price on Lovesac from $18.00 to $20.00 and gave the company a “buy” rating in a research note on Friday, June 12th. Weiss Ratings reissued a “sell (d)” rating on shares of Lovesac in a research report on Wednesday, June 24th. Finally, Canaccord Genuity Group set a $22.00 price objective on shares of Lovesac in a report on Thursday, June 11th. Four analysts have rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $22.67.

View Our Latest Stock Analysis on Lovesac

Lovesac Price Performance

NASDAQ:LOVE opened at $16.03 on Thursday. The firm has a market capitalization of $234.68 million, a P/E ratio of 61.65, a PEG ratio of 0.91 and a beta of 2.03. Lovesac has a one year low of $10.33 and a one year high of $20.87. The company’s 50-day simple moving average is $16.94 and its 200 day simple moving average is $15.47.

Lovesac (NASDAQ:LOVE – Get Free Report) last released its earnings results on Thursday, September 10th. The company reported $0.51 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.36) by $0.87. The firm had revenue of $161.25 million during the quarter, compared to analyst estimates of $161.55 million. Lovesac had a net margin of 0.55% and a return on equity of 1.88%. During the same period last year, the business earned ($0.45) earnings per share. Lovesac has set its Q3 2027 guidance at 0.620-0.830 EPS and its FY 2027 guidance at 0.980-1.260 EPS. On average, equities research analysts expect that Lovesac will post 0.5 earnings per share for the current fiscal year.

Insider Transactions at Lovesac

In other news, Director Andrew Heyer acquired 30,000 shares of the business’s stock in a transaction that occurred on Thursday, June 18th. The shares were bought at an average cost of $14.68 per share, with a total value of $440,400.00. Following the transaction, the director owned 293,259 shares of the company’s stock, valued at $4,305,042.12. This trade represents a 11.40% increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders acquired a total of 33,550 shares of company stock worth $490,146 in the last three months. 7.79% of the stock is currently owned by insiders.

Institutional Trading of Lovesac

A number of institutional investors and hedge funds have recently modified their holdings of LOVE. BNP Paribas Financial Markets lifted its holdings in shares of Lovesac by 130.4% during 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 in the last quarter. Ancora Advisors LLC purchased a new stake in shares of Lovesac during the third quarter valued at $146,000. XTX Topco Ltd bought a new stake in Lovesac in the 4th quarter worth about $149,000. HRT Financial LP bought a new stake in Lovesac in the 4th quarter worth about $160,000. Finally, Numerai GP LLC raised its position in Lovesac by 10.7% in the 3rd quarter. Numerai GP LLC now owns 11,805 shares of the company’s stock worth $200,000 after buying an additional 1,145 shares during the last quarter. Institutional investors own 91.32% of the company’s stock.

About Lovesac

(Get Free Report)

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.

Further Reading