Brokerages Set The Lovesac Company (NASDAQ:LOVE) PT at $26.20

The Lovesac Company (NASDAQ:LOVE) has earned a consensus recommendation of “Moderate Buy” from the six ratings firms that are covering the stock, Marketbeat reports. One research analyst has rated the stock with a sell rating and five have assigned a buy rating to the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $26.20.

Several equities research analysts recently commented on the company. DA Davidson cut their target price on Lovesac from $24.00 to $18.00 and set a “buy” rating on the stock in a research report on Thursday, December 11th. Wall Street Zen lowered Lovesac from a “hold” rating to a “strong sell” rating in a research note on Saturday, December 13th. Weiss Ratings reiterated a “sell (d)” rating on shares of Lovesac in a research note on Monday, December 29th. Maxim Group set a $26.00 target price on shares of Lovesac in a research report on Friday, December 12th. Finally, Canaccord Genuity Group reduced their price target on shares of Lovesac from $30.00 to $24.00 and set a “buy” rating for the company in a report on Friday, December 12th.

Lovesac Stock Up 2.2%

LOVE opened at $13.37 on Friday. Lovesac has a twelve month low of $11.26 and a twelve month high of $22.21. The company has a fifty day moving average of $14.24 and a 200-day moving average of $15.27. The stock has a market cap of $195.47 million, a PE ratio of 58.13, a price-to-earnings-growth ratio of 0.42 and a beta of 2.36.

Lovesac (NASDAQ:LOVE) last released its earnings results on Thursday, December 11th. The company reported ($0.72) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.70) by ($0.02). Lovesac had a net margin of 1.05% and a return on equity of 3.61%. The firm had revenue of $150.17 million during the quarter, compared to analyst estimates of $154.17 million. During the same quarter in the previous year, the firm earned ($0.32) EPS. Lovesac’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. Sell-side analysts anticipate that Lovesac will post 0.39 EPS for the current fiscal year.

Institutional Trading of Lovesac

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in LOVE. Invenomic Capital Management LP bought a new position in Lovesac in the fourth quarter worth approximately $5,350,000. Millennium Management LLC increased its holdings in shares of Lovesac by 378.9% during the fourth quarter. Millennium Management LLC now owns 327,477 shares of the company’s stock valued at $4,830,000 after acquiring an additional 259,097 shares in the last quarter. Kanen Wealth Management LLC acquired a new position in shares of Lovesac during the third quarter worth approximately $4,025,000. Bridgeway Capital Management LLC lifted its holdings in shares of Lovesac by 252.8% in the 2nd quarter. Bridgeway Capital Management LLC now owns 306,687 shares of the company’s stock worth $5,582,000 after purchasing an additional 219,762 shares in the last quarter. Finally, 4D Advisors LLC bought a new position in shares of Lovesac in the 4th quarter worth $2,950,000. 91.32% of the stock is owned by institutional investors.

Lovesac Company Profile

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.