Lovesac (LOVE) Expected to Announce Earnings on Thursday

Lovesac (NASDAQ:LOVE) will likely be releasing its Q1 2026 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 released its quarterly earnings data on Thursday, April 10th. The company reported $2.13 earnings per share for the quarter, beating analysts’ consensus estimates of $1.80 by $0.33. Lovesac had a net margin of 1.04% and a return on equity of 3.51%. The firm had revenue of $241.50 million for the quarter, compared to analyst estimates of $230.33 million. During the same period last year, the firm earned $1.87 earnings per share. The business’s quarterly revenue was down 3.6% compared to the same quarter last year. On average, analysts expect Lovesac to post $0 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Lovesac Trading Down 0.7%

Lovesac stock opened at $19.41 on Thursday. Lovesac has a 1-year low of $12.12 and a 1-year high of $39.49. The firm has a market capitalization of $288.14 million, a price-to-earnings ratio of 57.09, a price-to-earnings-growth ratio of 0.65 and a beta of 2.48. The firm’s fifty day moving average price is $18.91 and its two-hundred day moving average price is $23.08.

Institutional Trading of Lovesac

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

Wall Street Analyst Weigh In

Several analysts have recently commented on the stock. DA Davidson lowered 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. Canaccord Genuity Group lowered their target price on shares of Lovesac from $45.00 to $30.00 and set a “buy” rating for the company in a report on Friday, April 11th. Roth Mkm increased their target price on shares of Lovesac from $22.00 to $28.00 and gave the company a “buy” rating in a report on Friday, April 11th. Finally, Oppenheimer reiterated an “outperform” rating and issued a $35.00 target price on shares of Lovesac in a report on Friday, April 11th. Six research analysts have rated the stock with a buy rating, According to MarketBeat.com, the company currently 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.