The Lovesac Company (NASDAQ:LOVE) Receives $30.00 Average Price Target from Analysts

The Lovesac Company (NASDAQ:LOVE) has earned an average rating of “Buy” from the five analysts that are presently covering the stock, MarketBeat reports. Five equities research analysts have rated the stock with a buy recommendation. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $30.00.

LOVE has been the topic of a number of recent analyst reports. Canaccord Genuity Group reaffirmed a “buy” rating and set a $30.00 price target on shares of Lovesac in a research note on Friday, September 12th. Wall Street Zen raised Lovesac from a “sell” rating to a “hold” rating in a research report on Saturday, July 12th. Maxim Group cut their target price on Lovesac from $38.00 to $33.00 and set a “buy” rating on the stock in a research report on Friday, September 12th. Finally, DA Davidson reaffirmed a “buy” rating and issued a $24.00 target price on shares of Lovesac in a research report on Tuesday, September 9th.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. Heck Capital Advisors LLC purchased a new position in Lovesac in the fourth quarter valued at approximately $26,000. BNP Paribas Financial Markets raised its stake in shares of Lovesac by 130.4% in the 2nd quarter. BNP Paribas Financial Markets now owns 1,938 shares of the company’s stock valued at $35,000 after acquiring an additional 1,097 shares during the period. Public Employees Retirement System of Ohio purchased a new position in shares of Lovesac in the 2nd quarter valued at $36,000. Quarry LP raised its stake in shares of Lovesac by 396.3% in the 1st quarter. Quarry LP now owns 3,052 shares of the company’s stock valued at $55,000 after acquiring an additional 2,437 shares during the period. Finally, Blueshift Asset Management LLC purchased a new position in shares of Lovesac in the 2nd quarter valued at $195,000. Hedge funds and other institutional investors own 91.32% of the company’s stock.

Lovesac Trading Down 1.3%

NASDAQ LOVE opened at $17.53 on Tuesday. The business’s 50-day moving average price is $18.69 and its 200 day moving average price is $18.61. Lovesac has a twelve month low of $12.12 and a twelve month high of $39.49. The company has a market capitalization of $256.11 million, a PE ratio of 27.83, a price-to-earnings-growth ratio of 0.85 and a beta of 2.35.

Lovesac (NASDAQ:LOVE) last released its earnings results on Thursday, September 11th. The company reported ($0.45) earnings per share for the quarter, topping the consensus estimate of ($0.72) by $0.27. The firm had revenue of $160.53 million for the quarter, compared to the consensus estimate of $160.42 million. Lovesac had a return on equity of 6.35% and a net margin of 1.87%.The firm’s revenue for the quarter was up 2.5% compared to the same quarter last year. During the same period in the prior year, the business posted ($0.38) earnings per share. Lovesac has set its Q3 2026 guidance at -0.830–0.51 EPS. FY 2026 guidance at 0.520-1.05 EPS. Equities analysts predict that Lovesac will post 0.39 EPS for the current year.

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.