Lovesac (NASDAQ:LOVE) Trading 0.5% Higher – Here’s What Happened

The Lovesac Company (NASDAQ:LOVE) shares were up 0.5% on Thursday . The company traded as high as $15.45 and last traded at $14.95. Approximately 205,402 shares traded hands during trading, a decline of 25% from the average daily volume of 273,810 shares. The stock had previously closed at $14.87.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on LOVE. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Lovesac in a research note on Monday, December 29th. DA Davidson cut their price target on Lovesac from $24.00 to $18.00 and set a “buy” rating for the company in a report on Thursday, December 11th. Canaccord Genuity Group decreased their price objective on Lovesac from $30.00 to $24.00 and set a “buy” rating on the stock in a research note on Friday, December 12th. Wall Street Zen cut Lovesac from a “hold” rating to a “strong sell” rating in a research report on Saturday, December 13th. Finally, Maxim Group set a $26.00 target price on shares of Lovesac in a report on Friday, December 12th. Five analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $26.20.

Lovesac Price Performance

The firm has a market cap of $218.57 million, a PE ratio of 65.00, a P/E/G ratio of 1.54 and a beta of 2.28. The stock has a 50-day moving average price of $14.21 and a 200 day moving average price of $16.17.

Lovesac (NASDAQ:LOVE) last issued its quarterly earnings results on Thursday, December 11th. The company reported ($0.72) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.70) by ($0.02). Lovesac had a return on equity of 3.61% and a net margin of 1.05%.The business had revenue of $150.17 million during the quarter, compared to analyst estimates of $154.17 million. During the same period in the previous year, the business posted ($0.32) earnings per share. The firm’s quarterly revenue was up .2% on a year-over-year basis. Lovesac has set its Q4 2026 guidance at 1.880-2.220 EPS and its FY 2026 guidance at 0.150-0.490 EPS. As a group, equities research analysts anticipate that The Lovesac Company will post 0.39 earnings per share for the current year.

Institutional Trading of Lovesac

Institutional investors have recently made changes to their positions in the stock. Kanen Wealth Management LLC acquired a new stake in shares of Lovesac during the 3rd quarter worth $4,025,000. Millennium Management LLC increased its stake in Lovesac by 344.8% during the first quarter. Millennium Management LLC now owns 302,291 shares of the company’s stock worth $5,496,000 after acquiring an additional 234,324 shares during the last quarter. Bridgeway Capital Management LLC increased its stake in Lovesac by 252.8% during the second quarter. Bridgeway Capital Management LLC now owns 306,687 shares of the company’s stock worth $5,582,000 after acquiring an additional 219,762 shares during the last quarter. Hood River Capital Management LLC raised its holdings in shares of Lovesac by 17.4% in the 2nd quarter. Hood River Capital Management LLC now owns 989,117 shares of the company’s stock worth $18,002,000 after purchasing an additional 146,911 shares during the period. Finally, Isthmus Partners LLC acquired a new position in shares of Lovesac in the 3rd quarter valued at about $2,348,000. 91.32% of the stock is owned by hedge funds and other institutional investors.

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.