Lovesac (NASDAQ:LOVE) Issues Quarterly Earnings Results, Beats Expectations By $0.27 EPS

Lovesac (NASDAQ:LOVE) released its quarterly earnings results on Thursday. The company reported ($0.76) earnings per share (EPS) for the quarter, beating the consensus estimate of ($1.03) by $0.27, FiscalAI reports. The business had revenue of $138.20 million during the quarter, compared to the consensus estimate of $136.34 million. Lovesac had a return on equity of 2.02% and a net margin of 0.58%. Lovesac updated its Q2 2027 guidance to 0.200-0.480 EPS and its FY 2027 guidance to 0.340-0.810 EPS.

Lovesac Stock Performance

Shares of NASDAQ LOVE opened at $16.48 on Thursday. Lovesac has a 52 week low of $10.33 and a 52 week high of $21.15. The stock has a market capitalization of $243.57 million, a P/E ratio of 56.83, a PEG ratio of 0.80 and a beta of 2.02. The stock’s fifty day moving average is $15.85 and its 200 day moving average is $14.35.

Insider Activity at Lovesac

In related news, CEO Shawn David Nelson purchased 1,477 shares of the firm’s stock in a transaction that occurred on Thursday, April 16th. The shares were bought at an average price of $16.95 per share, for a total transaction of $25,035.15. Following the completion of the transaction, the chief executive officer owned 202,681 shares of the company’s stock, valued at approximately $3,435,442.95. This trade represents a 0.73% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this link. Insiders own 7.79% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Barclays PLC increased its position in shares of Lovesac by 7.5% in the fourth quarter. Barclays PLC now owns 28,576 shares of the company’s stock worth $421,000 after purchasing an additional 1,999 shares during the period. Squarepoint Ops LLC bought a new position in shares of Lovesac in the fourth quarter worth $376,000. Russell Investments Group Ltd. raised its holdings in shares of Lovesac by 147.5% during the 4th quarter. Russell Investments Group Ltd. now owns 21,517 shares of the company’s stock worth $317,000 after buying an additional 12,824 shares in the last quarter. Jain Global LLC acquired a new position in shares of Lovesac during the 4th quarter worth $297,000. Finally, Wells Fargo & Company MN raised its holdings in shares of Lovesac by 56.5% during the 4th quarter. Wells Fargo & Company MN now owns 15,937 shares of the company’s stock worth $235,000 after buying an additional 5,755 shares in the last quarter. Institutional investors own 91.32% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently issued reports on LOVE. Roth Mkm restated a “buy” rating on shares of Lovesac in a research note on Friday, March 27th. Wall Street Zen upgraded Lovesac from a “sell” rating to a “hold” rating in a research note on Saturday, April 4th. Finally, Weiss Ratings reiterated a “sell (d)” rating on shares of Lovesac in a research report on Friday, March 27th. Four research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $22.67.

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.