The Lovesac Company (NASDAQ: LOVE) reported second-quarter fiscal 2027 net sales of $161.2 million, up 0.4% from a year earlier, and net income of $7.4 million, compared with a $6.7 million net loss in the prior-year quarter.
Diluted earnings per share were $0.51, versus a diluted loss of $0.45 per share a year earlier. The quarter ended August 2, 2026, and included $21.0 million in IEEPA tariff refunds and related interest.
- Gross profit rose 21.7% to $110.3 million, while gross margin increased to 68.4% from 56.4%.
- Operating income was $10.9 million, compared with an $8.8 million operating loss a year earlier.
- Omni-channel comparable net sales declined 1.9%; the company opened five showrooms and closed two during the quarter.
- Cash and cash equivalents totaled $68.8 million as of August 2, with no outstanding line-of-credit balance.
- Fiscal 2027 guidance calls for net sales of $690 million to $710 million and net income of $14.5 million to $18.5 million.
$LOVE Insider Trading Activity
$LOVE insiders have traded $LOVE stock on the open market 5 times in the past 6 months. Of those trades, 4 have been purchases and 1 have been sales.
Here’s a breakdown of recent trading of $LOVE stock by insiders over the last 6 months:
- ANDREW R HEYER purchased 30,000 shares for an estimated $440,400
- VINEET MEHRA sold 5,000 shares for an estimated $91,908
- SHAWN DAVID NELSON (Chief Executive Officer) has made 2 purchases buying 3,307 shares for an estimated $49,988 and 0 sales.
- MARY FOX (President) purchased 1,720 shares for an estimated $24,785
To track insider transactions, check out Quiver Quantitative's insider trading dashboard. You can access data on insider stock transactions through the Quiver Quantitative API insider transaction endpoint.
$LOVE Hedge Fund Activity
We have seen 66 institutional investors add shares of $LOVE stock to their portfolio, and 71 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- KANEN WEALTH MANAGEMENT LLC removed 545,963 shares (-100.0%) from their portfolio in Q2 2026, for an estimated $9,112,122
- MILLENNIUM MANAGEMENT LLC removed 293,801 shares (-72.6%) from their portfolio in Q2 2026, for an estimated $4,903,538
- CORIENT PRIVATE WEALTH LLC removed 278,863 shares (-100.0%) from their portfolio in Q1 2026, for an estimated $4,118,806
- MML INVESTORS SERVICES, LLC removed 239,439 shares (-87.0%) from their portfolio in Q2 2026, for an estimated $3,996,236
- AQR CAPITAL MANAGEMENT LLC added 238,851 shares (+703.7%) to their portfolio in Q2 2026, for an estimated $3,986,423
- JANE STREET GROUP, LLC removed 207,825 shares (-90.5%) from their portfolio in Q2 2026, for an estimated $3,468,599
- 4D ADVISORS, LLC removed 200,000 shares (-100.0%) from their portfolio in Q1 2026, for an estimated $2,954,000
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.
