Lovesac (NASDAQ:LOVE) Trading Up 1% – Here’s Why

The Lovesac Company (NASDAQ:LOVE)’s share price was up 1% during trading on Tuesday . The stock traded as high as $13.49 and last traded at $13.46. Approximately 100,192 shares traded hands during trading, a decline of 59% from the average daily volume of 242,733 shares. The stock had previously closed at $13.33.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on LOVE. Maxim Group set a $26.00 price target on Lovesac in a research report on Friday, December 12th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Lovesac in a research note on Monday, December 29th. Canaccord Genuity Group cut their price target on shares of Lovesac from $30.00 to $24.00 and set a “buy” rating for the company in a research note on Friday, December 12th. Wall Street Zen lowered shares of Lovesac from a “hold” rating to a “strong sell” rating in a report on Saturday, December 13th. Finally, DA Davidson dropped their price objective on shares of Lovesac from $24.00 to $18.00 and set a “buy” rating for the company in a report on Thursday, December 11th. Five equities research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Lovesac presently has a consensus rating of “Moderate Buy” and an average target price of $26.20.

Lovesac Stock Performance

The stock’s 50 day moving average price is $14.32 and its 200-day moving average price is $15.48. The company has a market cap of $196.79 million, a PE ratio of 58.52, a PEG ratio of 0.43 and a beta of 2.36.

Lovesac (NASDAQ:LOVE) last released its earnings results on Thursday, December 11th. The company reported ($0.72) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.70) by ($0.02). The company had revenue of $150.17 million during the quarter, compared to the consensus estimate of $154.17 million. Lovesac had a net margin of 1.05% and a return on equity of 3.61%. The company’s revenue was up .2% on a year-over-year basis. During the same period last year, the firm posted ($0.32) EPS. Lovesac has set its Q4 2026 guidance at 1.880-2.220 EPS and its FY 2026 guidance at 0.150-0.490 EPS. On average, analysts anticipate that The Lovesac Company will post 0.39 EPS for the current year.

Institutional Investors Weigh In On Lovesac

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in LOVE. BNP Paribas Financial Markets increased its stake in shares of Lovesac by 130.4% during the second quarter. BNP Paribas Financial Markets now owns 1,938 shares of the company’s stock valued at $35,000 after purchasing an additional 1,097 shares in the last quarter. Numerai GP LLC increased its position in Lovesac by 10.7% during the 3rd quarter. Numerai GP LLC now owns 11,805 shares of the company’s stock valued at $200,000 after buying an additional 1,145 shares in the last quarter. Barclays PLC raised its stake in Lovesac by 7.5% during the fourth quarter. Barclays PLC now owns 28,576 shares of the company’s stock valued at $421,000 after buying an additional 1,999 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in Lovesac by 5.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 41,186 shares of the company’s stock worth $607,000 after acquiring an additional 2,165 shares in the last quarter. Finally, MML Investors Services LLC grew its stake in shares of Lovesac by 1.0% in the second quarter. MML Investors Services LLC now owns 218,845 shares of the company’s stock worth $3,983,000 after acquiring an additional 2,203 shares during the last quarter. 91.32% of the stock is currently owned by institutional investors.

Lovesac Company Profile

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.