Lovesac (NASDAQ:LOVE) Trading 0.5% Higher – Should You Buy?

The Lovesac Company (NASDAQ:LOVE) shares were up 0.5% on Thursday . The stock traded as high as $15.45 and last traded at $14.95. Approximately 205,402 shares were traded during trading, a decline of 25% from the average daily volume of 273,810 shares. The stock had previously closed at $14.87.

Wall Street Analysts Forecast Growth

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

Lovesac Stock Performance

The business’s fifty day moving average is $14.26 and its two-hundred day moving average is $16.14. The company has a market cap of $216.96 million, a P/E ratio of 64.52, a price-to-earnings-growth ratio of 1.55 and a beta of 2.28.

Lovesac (NASDAQ:LOVE) last announced its quarterly earnings results on Thursday, December 11th. The company reported ($0.72) EPS for the quarter, missing the consensus estimate of ($0.70) by ($0.02). The firm had revenue of $150.17 million for the quarter, compared to analysts’ expectations of $154.17 million. Lovesac had a net margin of 1.05% and a return on equity of 3.61%. The business’s quarterly revenue was up .2% on a year-over-year basis. During the same quarter in the prior year, the business 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. Analysts expect that The Lovesac Company will post 0.39 EPS for the current fiscal 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 the business. BCGM Wealth Management LLC grew its stake in Lovesac by 77.4% during the 4th quarter. BCGM Wealth Management LLC now owns 241,532 shares of the company’s stock valued at $3,563,000 after purchasing an additional 105,349 shares during the last quarter. Nomura Holdings Inc. lifted its holdings in Lovesac by 71.9% in the third quarter. Nomura Holdings Inc. now owns 250,502 shares of the company’s stock valued at $4,241,000 after acquiring an additional 104,781 shares during the period. Numerai GP LLC grew its stake in shares of Lovesac by 10.7% during the 3rd quarter. Numerai GP LLC now owns 11,805 shares of the company’s stock worth $200,000 after purchasing an additional 1,145 shares during the period. Millennium Management LLC increased its holdings in shares of Lovesac by 40.5% during the 3rd quarter. Millennium Management LLC now owns 68,380 shares of the company’s stock valued at $1,158,000 after purchasing an additional 19,716 shares in the last quarter. Finally, Kanen Wealth Management LLC purchased a new stake in Lovesac during the third quarter worth $4,025,000. 91.32% of the stock is currently owned by hedge funds and other 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.