Lovesac slides after annual forecasts below estimates

** Shares of home furniture brand Lovesac LOVE.O fall 12.7% to $14 premarket

** The home furniture brand sees FY27 net sales of $690 mln to $710 mln — below analysts' average estimate of 715.3 mln, per data compiled by LSEG

** Expects Q3 net sales of $140 mln to $150 mln, below estimate of $160 mln

** CEO Shawn David Nelson cites uneven industry conditions

** Q2 sales of $161.2 mln lag estimate of $165.5 mln

** All six brokerages rate the stock "buy" or higher; median PT is $22

** As of last close, stock up 8.7% YTD