Lovesac (NASDAQ:LOVE) Updates Q2 2027 Earnings Guidance

Lovesac (NASDAQ:LOVE) updated its second quarter 2027 earnings guidance on Thursday. The company provided earnings per share guidance of 0.200-0.480 for the period, compared to the consensus earnings per share estimate of -0.350. The company issued revenue guidance of $157.0 million-$166.0 million, compared to the consensus revenue estimate of $165.1 million. Lovesac also updated its FY 2027 guidance to 0.340-0.810 EPS.

Analysts Set New Price Targets

Several brokerages have recently weighed in on LOVE. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Lovesac in a research report on Friday, March 27th. Roth Mkm reaffirmed a “buy” rating on shares of Lovesac in a research report on Friday, March 27th. Finally, Wall Street Zen raised shares of Lovesac from a “sell” rating to a “hold” rating in a research report on Saturday, April 4th. Four investment analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $22.67.

Lovesac Stock Down 0.6%

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 firm has a 50 day moving average of $15.85 and a 200 day moving average of $14.35. The stock has a market capitalization of $243.57 million, a price-to-earnings ratio of 56.83, a PEG ratio of 0.80 and a beta of 2.02.

Lovesac (NASDAQ:LOVE) last posted its earnings results on Thursday, June 11th. The company reported ($0.76) EPS for the quarter, beating analysts’ consensus estimates of ($1.03) by $0.27. Lovesac had a net margin of 0.58% and a return on equity of 2.02%. The company had revenue of $138.20 million during the quarter, compared to analysts’ expectations of $136.34 million. Lovesac has set its Q2 2027 guidance at 0.200-0.480 EPS and its FY 2027 guidance at 0.340-0.810 EPS. As a group, analysts expect that Lovesac will post 0.59 EPS for the current year.

Insider Buying and Selling

In other news, CEO Shawn David Nelson bought 1,477 shares of the firm’s stock in a transaction that occurred on Thursday, April 16th. The stock was bought at an average price of $16.95 per share, with a total value of $25,035.15. Following the completion of the transaction, the chief executive officer directly owned 202,681 shares of the company’s stock, valued at approximately $3,435,442.95. The trade was a 0.73% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 7.79% of the stock is owned by insiders.

Institutional Investors Weigh In On Lovesac

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Arrowstreet Capital Limited Partnership lifted its position in Lovesac by 41.9% during the third quarter. Arrowstreet Capital Limited Partnership now owns 375,883 shares of the company’s stock valued at $6,364,000 after acquiring an additional 110,953 shares during the last quarter. Invenomic Capital Management LP purchased a new position in shares of Lovesac in the fourth quarter worth $5,350,000. Millennium Management LLC raised its holdings in shares of Lovesac by 378.9% in the fourth quarter. Millennium Management LLC now owns 327,477 shares of the company’s stock worth $4,830,000 after buying an additional 259,097 shares during the last quarter. Bridgeway Capital Management LLC raised its holdings in shares of Lovesac by 252.8% in the second quarter. Bridgeway Capital Management LLC now owns 306,687 shares of the company’s stock worth $5,582,000 after buying an additional 219,762 shares during the last quarter. Finally, MML Investors Services LLC raised its holdings in shares of Lovesac by 24.7% in the fourth quarter. MML Investors Services LLC now owns 303,283 shares of the company’s stock worth $4,473,000 after buying an additional 60,034 shares during the last quarter. Hedge funds and other institutional investors 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.