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

Shares of The Lovesac Company (NASDAQ:LOVE) have been assigned an average rating of “Buy” from the five research firms that are covering the company, MarketBeat.com reports. Five investment 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 analysts recently weighed in on LOVE shares. Maxim Group cut their price target on shares of Lovesac from $38.00 to $33.00 and set a “buy” rating on the stock in a report on Friday, September 12th. DA Davidson reaffirmed a “buy” rating and issued a $24.00 price objective on shares of Lovesac in a research report on Tuesday, September 9th. Canaccord Genuity Group reissued a “buy” rating and set a $30.00 target price on shares of Lovesac in a research report on Friday, September 12th. Finally, Wall Street Zen raised shares of Lovesac from a “sell” rating to a “hold” rating in a report on Saturday, July 12th.

Lovesac Stock Up 0.2%

Shares of NASDAQ LOVE opened at $17.35 on Tuesday. The company has a market capitalization of $253.48 million, a PE ratio of 27.54, a PEG ratio of 0.82 and a beta of 2.35. The stock’s 50 day moving average price is $18.64 and its 200-day moving average price is $18.66. Lovesac has a twelve month low of $12.12 and a twelve month high of $39.49.

Lovesac (NASDAQ:LOVE) last posted its quarterly earnings data 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 business had revenue of $160.53 million for the quarter, compared to analysts’ expectations of $160.42 million. Lovesac had a return on equity of 6.35% and a net margin of 1.87%.The business’s revenue was up 2.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned ($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. As a group, research analysts expect that Lovesac will post 0.39 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in LOVE. Heck Capital Advisors LLC bought a new position in Lovesac during the fourth quarter worth about $26,000. BNP Paribas Financial Markets lifted its stake in shares of Lovesac by 130.4% during the 2nd 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 in the last quarter. Public Employees Retirement System of Ohio bought a new position in Lovesac in the 2nd quarter worth approximately $36,000. Quarry LP grew its stake in 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 buying an additional 2,437 shares in the last quarter. Finally, Blueshift Asset Management LLC bought a new stake in Lovesac during the 2nd quarter valued at $195,000. Institutional investors own 91.32% of the company’s stock.

Lovesac Company Profile

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.