Lovesac (NASDAQ:LOVE – Free Report) had its target price reduced by DA Davidson from $20.00 to $18.00 in a research report report published on Friday,Benzinga reports. They currently have a buy rating on the stock.
Several other equities analysts also recently weighed in on LOVE. Weiss Ratings reiterated a “sell (d)” rating on shares of Lovesac in a research report on Wednesday, June 24th. Canaccord Genuity Group lowered their price target on Lovesac from $22.00 to $20.00 and set a “buy” rating for the company in a report on Thursday. Finally, Roth Capital reaffirmed a “buy” rating on shares of Lovesac in a research note on Friday. Three equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $21.33.
Check Out Our Latest Stock Analysis on LOVE
Lovesac Stock Performance
Lovesac (NASDAQ:LOVE – Get Free Report) last posted its quarterly earnings data on Thursday, September 10th. The company reported $0.51 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.36) by $0.87. The business had revenue of $161.25 million for the quarter, compared to analysts’ expectations of $161.55 million. Lovesac had a return on equity of 2.57% and a net margin of 2.56%.The business’s revenue was up .5% on a year-over-year basis. During the same quarter last year, the firm earned ($0.45) earnings per share. Lovesac has set its Q3 2027 guidance at 0.620-0.830 EPS and its FY 2027 guidance at 0.980-1.260 EPS. As a group, equities research analysts forecast that Lovesac will post 1.12 earnings per share for the current fiscal year.
Insider Activity
In related news, Director Andrew Heyer acquired 30,000 shares of the stock in a transaction dated Thursday, June 18th. The stock was bought at an average cost of $14.68 per share, with a total value of $440,400.00. Following the purchase, the director directly owned 293,259 shares of the company’s stock, valued at approximately $4,305,042.12. This represents a 11.40% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Over the last three months, insiders have acquired 33,550 shares of company stock worth $490,146. 7.79% of the stock is owned by insiders.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Engineers Gate Manager LP purchased a new stake in Lovesac during the second quarter valued at about $169,000. HighTower Advisors LLC increased its stake in Lovesac by 303.1% during the second quarter. HighTower Advisors LLC now owns 40,677 shares of the company’s stock worth $679,000 after acquiring an additional 30,585 shares during the last quarter. California State Teachers Retirement System raised its holdings in shares of Lovesac by 333.5% in the 2nd quarter. California State Teachers Retirement System now owns 3,121 shares of the company’s stock worth $52,000 after purchasing an additional 2,401 shares during the period. Two Sigma Securities LLC purchased a new position in shares of Lovesac in the 2nd quarter worth about $180,000. Finally, Penn Capital Management Company LLC acquired a new position in shares of Lovesac in the 2nd quarter valued at about $551,000. Institutional investors and hedge funds own 91.32% of the company’s stock.
Key Lovesac News
Here are the key news stories impacting Lovesac this week:
- Positive Sentiment: Lovesac reported second-quarter fiscal 2027 net sales of approximately $161.2 million and EPS of $0.51, well above the consensus estimate for a loss of $0.36 per share. Revenue was roughly flat year over year, while the company said product launches remain on track for the second half of fiscal 2027. Lovesac second-quarter fiscal 2027 results
- Positive Sentiment: DA Davidson maintained a “buy” rating, although it reduced its price target from $20 to $18. The revised target still implies substantial potential upside from current trading levels.
- Neutral Sentiment: Management raised its fiscal 2027 EPS outlook to $0.98-$1.26, compared with consensus of $1.09. The guidance suggests earnings may meet or exceed expectations, but the company’s revenue outlook of $690 million-$710 million is below the roughly $716.8 million analyst forecast.
- Negative Sentiment: Fiscal third-quarter revenue guidance of $140 million-$150 million also trails the $156.7 million consensus estimate. Investors appear more concerned about the sales outlook than the current-quarter EPS beat, particularly amid choppy furniture demand. Lovesac cuts sales outlook
- Negative Sentiment: Analysts noted that the tariff refund helped lift quarterly profitability, potentially masking weaker underlying performance. Internet sales declines are also weighing on the company, adding to concerns about demand and the quality of reported earnings. Lovesac internet sales analysis
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.
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