Brokerages Set The Lovesac Company (NASDAQ:LOVE) Target Price at $30.00

Shares of The Lovesac Company (NASDAQ:LOVE) have earned an average rating of “Buy” from the five ratings firms that are currently covering the stock, Marketbeat Ratings reports. Five equities research analysts have rated the stock with a buy recommendation. The average 12 month price target among brokerages that have covered the stock in the last year is $30.00.

A number of equities research analysts have recently commented on the company. Wall Street Zen raised Lovesac from a “sell” rating to a “hold” rating in a research report on Saturday, July 12th. Canaccord Genuity Group restated a “buy” rating and issued a $30.00 price target on shares of Lovesac in a research note on Friday, September 12th. Maxim Group decreased their price target on Lovesac from $38.00 to $33.00 and set a “buy” rating for the company in a research note on Friday, September 12th. Finally, DA Davidson restated a “buy” rating and issued a $24.00 price target on shares of Lovesac in a research note on Tuesday, September 9th.

Institutional Trading of Lovesac

A number of hedge funds have recently made changes to their positions in the business. Corient Private Wealth LLC acquired a new stake in shares of Lovesac in the second quarter valued at approximately $2,024,000. Nomura Holdings Inc. lifted its position in shares of Lovesac by 222.9% in the second quarter. Nomura Holdings Inc. now owns 145,721 shares of the company’s stock valued at $2,652,000 after buying an additional 100,586 shares during the last quarter. MML Investors Services LLC lifted its position 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 valued at $3,983,000 after buying an additional 2,203 shares during the last quarter. BNP Paribas Financial Markets lifted its position in shares of Lovesac by 130.4% in the second quarter. BNP Paribas Financial Markets now owns 1,938 shares of the company’s stock valued at $35,000 after buying an additional 1,097 shares during the last quarter. Finally, Bridgeway Capital Management LLC lifted its position 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 during the last quarter. 91.32% of the stock is owned by institutional investors and hedge funds.

Lovesac Stock Performance

Shares of LOVE stock opened at $17.32 on Tuesday. The stock’s fifty day moving average is $18.67 and its 200-day moving average is $18.63. The stock has a market capitalization of $253.05 million, a PE ratio of 27.49, a PEG ratio of 0.82 and a beta of 2.35. Lovesac has a 52 week low of $12.12 and a 52 week high of $39.49.

Lovesac (NASDAQ:LOVE) last issued 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 return on equity of 6.35% and a net margin of 1.87%.The business had revenue of $160.53 million for the quarter, compared to analyst estimates of $160.42 million. During the same quarter in the prior year, the firm posted ($0.38) earnings per share. The firm’s revenue for the quarter was up 2.5% compared to the same quarter last year. Lovesac has set its Q3 2026 guidance at -0.830–0.51 EPS. FY 2026 guidance at 0.520-1.05 EPS. As a group, analysts forecast that Lovesac will post 0.39 earnings per share for the current fiscal 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.