Lovesac’s (LOVE) Sell (D+) Rating Reiterated at Weiss Ratings

Lovesac (NASDAQ:LOVE)‘s stock had its “sell (d+)” rating restated by investment analysts at Weiss Ratings in a report released on Wednesday,Weiss Ratings reports.

LOVE has been the subject of several other reports. Wall Street Zen upgraded shares of Lovesac from a “sell” rating to a “hold” rating in a research report on Saturday, July 12th. DA Davidson restated a “buy” rating and set a $24.00 price target on shares of Lovesac in a research report on Tuesday, September 9th. Maxim Group lowered their price objective on shares of Lovesac from $38.00 to $33.00 and set a “buy” rating for the company in a research note on Friday, September 12th. Finally, Canaccord Genuity Group reaffirmed a “buy” rating and set a $30.00 price objective on shares of Lovesac in a research note on Friday, September 12th. Five equities research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $30.00.

Lovesac Stock Down 0.9%

NASDAQ LOVE opened at $15.33 on Wednesday. The company has a 50-day simple moving average of $18.21 and a two-hundred day simple moving average of $18.61. Lovesac has a 12-month low of $12.12 and a 12-month high of $39.49. The firm has a market cap of $223.97 million, a price-to-earnings ratio of 24.33, a PEG ratio of 0.74 and a beta of 2.38.

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

Hedge Funds Weigh In On Lovesac

Institutional investors have recently bought and sold shares of the stock. Harbour Capital Advisors LLC bought a new position in Lovesac in the first quarter worth about $327,000. GAMMA Investing LLC raised its stake in Lovesac by 12,234.3% in the first quarter. GAMMA Investing LLC now owns 12,581 shares of the company’s stock worth $229,000 after buying an additional 12,479 shares in the last quarter. Nomura Holdings Inc. bought a new position in Lovesac in the first quarter worth about $821,000. SG Americas Securities LLC raised its stake in Lovesac by 1,165.7% in the first quarter. SG Americas Securities LLC now owns 304,586 shares of the company’s stock worth $5,537,000 after buying an additional 280,522 shares in the last quarter. Finally, American Century Companies Inc. raised its stake in Lovesac by 10.5% in the first quarter. American Century Companies Inc. now owns 482,587 shares of the company’s stock worth $8,773,000 after buying an additional 45,797 shares in the last quarter. 91.32% of the stock is owned by institutional investors.

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.