Lovesac (NASDAQ:LOVE) Issues FY 2027 Earnings Guidance

Lovesac (NASDAQ:LOVE) issued an update on its FY 2027 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of 0.340-0.810 for the period, compared to the consensus estimate of 1.250. The company issued revenue guidance of $700.0 million-$740.0 million, compared to the consensus revenue estimate of $719.4 million. Lovesac also updated its Q2 2027 guidance to 0.200-0.480 EPS.

Lovesac Price Performance

Lovesac stock opened at $16.48 on Thursday. The stock has a fifty day moving average price of $15.85 and a two-hundred day moving average price of $14.35. Lovesac has a 52-week low of $10.33 and a 52-week high of $21.15. The firm has a market capitalization of $243.57 million, a P/E ratio of 56.83, a P/E/G ratio of 0.80 and a beta of 2.02.

Lovesac (NASDAQ:LOVE) last released its quarterly earnings data on Thursday, June 11th. The company reported ($0.76) earnings per share (EPS) for the quarter, topping the consensus estimate of ($1.03) by $0.27. Lovesac had a return on equity of 2.02% and a net margin of 0.58%.The firm had revenue of $138.20 million during the quarter, compared to analyst estimates of $136.34 million. Lovesac has set its Q2 2027 guidance at 0.200-0.480 EPS and its FY 2027 guidance at 0.340-0.810 EPS. On average, equities research analysts predict that Lovesac will post 0.59 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have issued reports on LOVE shares. Wall Street Zen upgraded Lovesac from a “sell” rating to a “hold” rating in a research note on Saturday, April 4th. Weiss Ratings reiterated a “sell (d)” rating on shares of Lovesac in a research note on Friday, March 27th. Finally, Roth Mkm reiterated a “buy” rating on shares of Lovesac in a research note on Friday, March 27th. Four analysts have rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, Lovesac presently has a consensus rating of “Moderate Buy” and a consensus target price of $22.67.

Insider Buying and Selling at Lovesac

In other Lovesac news, CEO Shawn David Nelson bought 1,477 shares of the stock in a transaction dated Thursday, April 16th. The stock was bought at an average cost of $16.95 per share, for a total transaction of $25,035.15. Following the completion of the purchase, the chief executive officer owned 202,681 shares in the company, valued at $3,435,442.95. This represents a 0.73% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 7.79% of the company’s stock.

Institutional Trading of Lovesac

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Arrowstreet Capital Limited Partnership increased its stake in shares of Lovesac by 41.9% in the third 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 acquired a new stake in shares of Lovesac in the fourth quarter valued at $5,350,000. Millennium Management LLC increased its stake in shares of Lovesac by 378.9% in the fourth 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 increased its stake in shares of Lovesac by 252.8% in the second 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 increased its stake in shares of Lovesac by 24.7% in the fourth 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 institutional investors and hedge funds.

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.