Lovesac (LOVE) Projected to Post Earnings on Thursday

Lovesac (NASDAQ:LOVE) will likely be issuing its Q1 2026 quarterly earnings data before the market opens on Thursday, June 12th. Analysts expect Lovesac to post earnings of ($0.84) per share and revenue of $137.20 million for the quarter.

Lovesac (NASDAQ:LOVE) last announced its earnings results on Thursday, April 10th. The company reported $2.13 EPS for the quarter, topping the consensus estimate of $1.80 by $0.33. The company had revenue of $241.50 million for the quarter, compared to analysts’ expectations of $230.33 million. Lovesac had a net margin of 1.04% and a return on equity of 3.51%. The business’s revenue for the quarter was down 3.6% on a year-over-year basis. During the same period last year, the firm earned $1.87 earnings per share. On average, analysts expect Lovesac to post $0 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Lovesac Stock Performance

LOVE opened at $20.89 on Wednesday. Lovesac has a 52-week low of $12.12 and a 52-week high of $39.49. The business’s fifty day moving average is $19.13 and its 200-day moving average is $22.63. The firm has a market cap of $310.11 million, a P/E ratio of 61.44, a price-to-earnings-growth ratio of 0.65 and a beta of 2.30.

Institutional Trading of Lovesac

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. AQR Capital Management LLC boosted its stake in shares of Lovesac by 391.8% in the 1st quarter. AQR Capital Management LLC now owns 111,727 shares of the company’s stock valued at $2,031,000 after purchasing an additional 89,007 shares during the last quarter. Millennium Management LLC boosted its position in Lovesac by 344.8% during the first quarter. Millennium Management LLC now owns 302,291 shares of the company’s stock valued at $5,496,000 after acquiring an additional 234,324 shares during the last quarter. Finally, Empowered Funds LLC grew its holdings in Lovesac by 8.1% during the 1st quarter. Empowered Funds LLC now owns 55,925 shares of the company’s stock worth $1,017,000 after acquiring an additional 4,200 shares during the period. Institutional investors and hedge funds own 91.32% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have commented on the stock. Canaccord Genuity Group lowered their price objective on shares of Lovesac from $45.00 to $30.00 and set a “buy” rating for the company in a research report on Friday, April 11th. Oppenheimer restated an “outperform” rating and set a $35.00 price objective on shares of Lovesac in a research report on Friday, April 11th. DA Davidson dropped their target price on shares of Lovesac from $35.00 to $24.00 and set a “buy” rating for the company in a report on Friday, April 11th. Finally, Roth Mkm lifted their price target on shares of Lovesac from $22.00 to $28.00 and gave the company a “buy” rating in a report on Friday, April 11th. Six investment analysts have rated the stock with a buy rating, According to MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of $31.67.

About Lovesac

The Lovesac Company designs, manufactures, and sells furniture. It offers sactionals, such as seats and sides; sacs, including foam beanbag chairs; and other products comprising drink holders, footsac blankets, decorative pillows, fitted seat tables, and ottomans. The company markets its products primarily through www.lovesac.com website, as well as showrooms at top tier malls, lifestyle centers, mobile concierges, kiosks, and street locations in 41 states in the United States; and in store pop-up- shops and shop-in-shops, and barter inventory transactions.