Lovesac (NASDAQ:LOVE) Updates Q1 2027 Earnings Guidance

Lovesac (NASDAQ:LOVE) issued an update on its first quarter 2027 earnings guidance on Thursday morning. The company provided earnings per share guidance of -1.22–0.950 for the period, compared to the consensus earnings per share estimate of -0.810. The company issued revenue guidance of $133.0 million-$139.0 million, compared to the consensus revenue estimate of $143.5 million. Lovesac also updated its FY 2027 guidance to 0.340-0.950 EPS.

Lovesac Stock Performance

Shares of Lovesac stock traded up $0.34 during mid-day trading on Thursday, hitting $15.87. 190,865 shares of the stock were exchanged, compared to its average volume of 295,740. Lovesac has a 12 month low of $10.33 and a 12 month high of $21.90. The company has a 50-day simple moving average of $12.81 and a 200 day simple moving average of $13.96. The company has a market capitalization of $232.05 million, a P/E ratio of 54.75, a P/E/G ratio of 0.63 and a beta of 2.21.

Lovesac (NASDAQ:LOVE) last posted its earnings results on Thursday, March 26th. The company reported $2.19 EPS for the quarter, topping the consensus estimate of $2.00 by $0.19. The firm had revenue of $248.05 million for 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 company’s quarterly revenue was up 2.7% compared to the same quarter last year. During the same quarter last year, the firm earned $2.13 EPS. Analysts predict that Lovesac will post 0.39 EPS for the current year.

Analysts Set New Price Targets

A number of research firms recently commented on LOVE. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Lovesac in a report on Friday, March 27th. Wall Street Zen raised shares of Lovesac from a “sell” rating to a “hold” rating in a report on Saturday, April 4th. DA Davidson lowered their price target on shares of Lovesac from $24.00 to $18.00 and set a “buy” rating on the stock in a report on Thursday, December 11th. Canaccord Genuity Group lowered their price target on shares of Lovesac from $30.00 to $24.00 and set a “buy” rating on the stock in a report on Friday, December 12th. Finally, Maxim Group set a $26.00 price target on shares of Lovesac in a report on Friday, December 12th. Five investment analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $26.20.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the business. Arrowstreet Capital Limited Partnership grew its stake in Lovesac by 41.9% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 375,883 shares of the company’s stock valued at $6,364,000 after buying an additional 110,953 shares in the last quarter. Invenomic Capital Management LP purchased a new position in Lovesac in the 4th quarter valued at approximately $5,350,000. Millennium Management LLC grew its stake in Lovesac by 378.9% in the 4th 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. Bridgeway Capital Management LLC grew its stake in Lovesac by 252.8% in the 2nd 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, MML Investors Services LLC grew its stake in Lovesac by 24.7% in the 4th quarter. MML Investors Services LLC now owns 303,283 shares of the company’s stock valued at $4,473,000 after buying an additional 60,034 shares in the last quarter. 91.32% of the stock is currently 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.