Lovesac (NASDAQ:LOVE) Given New $20.00 Price Target at DA Davidson

Lovesac (NASDAQ:LOVE) had its target price boosted by DA Davidson from $18.00 to $20.00 in a research report released on Friday morning, Marketbeat reports. DA Davidson currently has a buy rating on the stock.

Other research analysts also recently issued research reports about the stock. Roth Mkm reaffirmed a “buy” rating on shares of Lovesac in a report on Friday, March 27th. Canaccord Genuity Group set a $22.00 target price on shares of Lovesac in a report on Thursday. Wall Street Zen raised shares of Lovesac from a “sell” rating to a “hold” rating in a report on Saturday, April 4th. Finally, Weiss Ratings reissued a “sell (d)” rating on shares of Lovesac in a report on Friday, March 27th. Four research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Lovesac currently has a consensus rating of “Moderate Buy” and an average price target of $22.67.

Lovesac Stock Up 0.3%

Shares of Lovesac stock opened at $16.35 on Friday. The company has a market cap of $241.65 million, a PE ratio of 62.88, a price-to-earnings-growth ratio of 0.79 and a beta of 2.02. The business has a 50 day moving average price of $15.91 and a 200-day moving average price of $14.39. Lovesac has a 52 week low of $10.33 and a 52 week high of $20.88.

Lovesac (NASDAQ:LOVE) last announced its quarterly earnings data on Thursday, June 11th. The company reported ($0.76) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($1.03) by $0.27. The firm had revenue of $138.20 million for the quarter, compared to analysts’ expectations of $136.66 million. Lovesac had a return on equity of 1.89% and a net margin of 0.55%.The company’s revenue for the quarter was down .1% compared to the same quarter last year. During the same period last year, the firm earned ($0.73) earnings per share. Lovesac has set its Q2 2027 guidance at 0.200-0.480 EPS and its FY 2027 guidance at 0.340-0.810 EPS. As a group, research analysts anticipate that Lovesac will post 0.59 EPS for the current year.

Insider Activity at Lovesac

In related news, CEO Shawn David Nelson acquired 1,477 shares of the firm’s stock in a transaction dated Thursday, April 16th. The shares were purchased at an average cost of $16.95 per share, for a total transaction of $25,035.15. Following the acquisition, the chief executive officer owned 202,681 shares in the company, valued at $3,435,442.95. The trade was a 0.73% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 7.79% of the company’s stock.

Hedge Funds Weigh In On Lovesac

Several large investors have recently made changes to their positions in LOVE. Kanen Wealth Management LLC acquired a new position in Lovesac in the first quarter valued at approximately $8,064,000. Invenomic Capital Management LP purchased a new position in shares of Lovesac in the 4th quarter valued at $5,350,000. Senvest Management LLC grew its position in shares of Lovesac by 36.7% in the 1st quarter. Senvest Management LLC now owns 1,025,393 shares of the company’s stock valued at $15,145,000 after buying an additional 275,252 shares during the last quarter. Millennium Management LLC grew its position in shares of Lovesac by 378.9% in the 4th quarter. Millennium Management LLC now owns 327,477 shares of the company’s stock valued at $4,830,000 after buying an additional 259,097 shares during the last quarter. Finally, Bastion Asset Management Inc. grew its position in Lovesac by 193.6% during the 1st quarter. Bastion Asset Management Inc. now owns 356,097 shares of the company’s stock worth $5,290,000 after purchasing an additional 234,812 shares during the last quarter. 91.32% of the stock is currently owned by institutional investors and hedge funds.

Key Stories Impacting Lovesac

Here are the key news stories impacting Lovesac this week:

• Positive Sentiment: Lovesac beat Q1 EPS and revenue estimates, reporting a smaller-than-expected loss of $0.76 per share on $138.2 million in sales, which suggests operations were better than analysts feared. Lovesac (NASDAQ:LOVE) exceeds Q1 CY2026 expectations
• Positive Sentiment: DA Davidson raised its price target on LOVE from $18 to $20 and reiterated a buy rating, signaling confidence in upside potential after the results. DA Davidson raises price target on Lovesac
• Positive Sentiment: Management said product launches, digital marketing gains, showroom expansion, and supply-chain changes are supporting market-share gains and longer-term growth prospects. Lovesac Q1 Earnings Call Highlights Product Push, Outlook
• Neutral Sentiment: Several commentary pieces note that Lovesac is still taking market share and has long-term potential, but that a broader furniture-sector rebound remains uncertain. Lovesac: Potential Remains Hidden, For Now
• Negative Sentiment: The company’s FY2027 guidance was below Wall Street’s EPS expectations, which likely disappointed investors and helped drive the stock lower despite the earnings beat. The Lovesac Company Reports First Quarter Fiscal 2027 Financial Results
• Negative Sentiment: Management said the business is still navigating industry headwinds, and coverage from outlets such as the Wall Street Journal highlighted that the outlook was tempered as the loss widened. Lovesac Tempers Outlook as Loss Widens

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.