Lovesac (NASDAQ:LOVE – Get Free Report) was upgraded by equities research analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a report released on Saturday, Wall Street Zen reports.
Other equities research analysts have also issued reports about the stock. DA Davidson reduced their target price on shares of Lovesac from $20.00 to $18.00 and set a “buy” rating on the stock in a report on Friday. Roth Capital restated a “buy” rating on shares of Lovesac in a research note on Friday. Canaccord Genuity Group dropped their price target on shares of Lovesac from $22.00 to $20.00 and set a “buy” rating for the company in a research note on Thursday. Finally, Weiss Ratings raised Lovesac from a “sell (d)” rating to a “hold (c)” rating in a research report on Thursday. Three investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $21.33.
Check Out Our Latest Research Report on LOVE
Lovesac Price Performance
Shares of NASDAQ:LOVE opened at $13.91 on Friday. The firm has a market capitalization of $203.64 million, a PE ratio of 11.40, a price-to-earnings-growth ratio of 0.36 and a beta of 2.03. The firm’s 50-day moving average is $16.80 and its two-hundred day moving average is $15.46. Lovesac has a 1 year low of $10.33 and a 1 year high of $19.25.
Lovesac (NASDAQ:LOVE – Get Free Report) last issued its quarterly earnings results on Thursday, September 10th. The company reported $0.51 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.36) by $0.87. Lovesac had a net margin of 2.56% and a return on equity of 2.59%. The business had revenue of $161.25 million for the quarter, compared to analysts’ expectations of $161.55 million. During the same quarter in the prior year, the company earned ($0.45) earnings per share. The business’s quarterly revenue was up .5% on a year-over-year basis. Lovesac has set its Q3 2027 guidance at 0.620-0.830 EPS and its FY 2027 guidance at 0.980-1.260 EPS. Analysts expect that Lovesac will post 1.12 EPS for the current fiscal year.
Insider Activity at Lovesac
In other news, Director Andrew Heyer bought 30,000 shares of the business’s stock in a transaction that occurred on Thursday, June 18th. The shares were purchased at an average cost of $14.68 per share, for a total transaction of $440,400.00. Following the completion of the purchase, the director owned 293,259 shares of the company’s stock, valued at approximately $4,305,042.12. This represents a 11.40% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders bought 33,550 shares of company stock worth $490,146 over the last three months. Insiders own 7.79% of the company’s stock.
Institutional Investors Weigh In On Lovesac
A number of large investors have recently modified their holdings of LOVE. BlackRock Inc. acquired a new stake in shares of Lovesac in the 2nd quarter valued at $20,250,000. Senvest Management LLC grew its stake in shares of Lovesac by 36.7% during the first quarter. Senvest Management LLC now owns 1,025,393 shares of the company’s stock worth $15,145,000 after purchasing an additional 275,252 shares in the last quarter. AWM Investment Company Inc. purchased a new position in Lovesac in the second quarter valued at $10,188,000. Kanen Wealth Management LLC purchased a new position in Lovesac in the first quarter valued at $8,064,000. Finally, Arrowstreet Capital Limited Partnership raised its stake in Lovesac by 41.9% in the third quarter. Arrowstreet Capital Limited Partnership now owns 375,883 shares of the company’s stock valued at $6,364,000 after buying an additional 110,953 shares in the last quarter. 91.32% of the stock is owned by hedge funds and other institutional investors.
More Lovesac News
Here are the key news stories impacting Lovesac this week:
- Positive Sentiment: Lovesac reported second-quarter fiscal 2027 net sales of approximately $161.2 million and EPS of $0.51, well above the consensus estimate for a loss of $0.36 per share. Revenue was roughly flat year over year, while the company said product launches remain on track for the second half of fiscal 2027. Lovesac second-quarter fiscal 2027 results
- Positive Sentiment: DA Davidson maintained a “buy” rating, although it reduced its price target from $20 to $18. The revised target still implies substantial potential upside from current trading levels.
- Neutral Sentiment: Management raised its fiscal 2027 EPS outlook to $0.98-$1.26, compared with consensus of $1.09. The guidance suggests earnings may meet or exceed expectations, but the company’s revenue outlook of $690 million-$710 million is below the roughly $716.8 million analyst forecast.
- Negative Sentiment: Fiscal third-quarter revenue guidance of $140 million-$150 million also trails the $156.7 million consensus estimate. Investors appear more concerned about the sales outlook than the current-quarter EPS beat, particularly amid choppy furniture demand. Lovesac cuts sales outlook
- Negative Sentiment: Analysts noted that the tariff refund helped lift quarterly profitability, potentially masking weaker underlying performance. Internet sales declines are also weighing on the company, adding to concerns about demand and the quality of reported earnings. Lovesac internet sales analysis
About Lovesac
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.
Further Reading
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This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.
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