Bob’s Discount Furniture, Inc. (NYSE:BOBS) Receives Consensus Rating of “Moderate Buy” from Analysts

Bob’s Discount Furniture, Inc. (NYSE:BOBS) has been given a consensus rating of “Moderate Buy” by the thirteen analysts that are presently covering the stock, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $25.00.

Several equities research analysts recently weighed in on BOBS shares. UBS Group cut Bob’s Discount Furniture to a “buy” rating and set a $27.00 target price for the company. in a research note on Monday, March 2nd. Wall Street Zen upgraded shares of Bob’s Discount Furniture to a “hold” rating in a research note on Monday, February 16th. Bank of America started coverage on shares of Bob’s Discount Furniture in a report on Monday, March 2nd. They set a “buy” rating and a $28.00 price objective on the stock. Robert W. Baird reduced their price objective on shares of Bob’s Discount Furniture from $22.00 to $16.00 and set a “neutral” rating for the company in a research report on Wednesday, March 18th. Finally, DA Davidson lowered their target price on shares of Bob’s Discount Furniture from $26.00 to $24.00 and set a “buy” rating for the company in a report on Wednesday, March 18th.

Bob’s Discount Furniture Stock Performance

NYSE:BOBS opened at $11.65 on Friday. Bob’s Discount Furniture has a 12 month low of $10.20 and a 12 month high of $23.49.

Bob’s Discount Furniture (NYSE:BOBS) last announced its quarterly earnings results on Tuesday, March 17th. The company reported $0.35 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.11 by $0.24. The business had revenue of $648.83 million for the quarter, compared to analysts’ expectations of $647.49 million. During the same period last year, the firm earned $0.36 earnings per share. The firm’s quarterly revenue was up 8.2% on a year-over-year basis.

Insiders Place Their Bets

In related news, Director Jennifer Lynn Davis sold 2,917,500 shares of the business’s stock in a transaction on Friday, February 13th. The shares were sold at an average price of $15.94, for a total value of $46,504,950.00. Following the completion of the sale, the director directly owned 95,370,751 shares of the company’s stock, valued at $1,520,209,770.94. The trade was a 2.97% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director John Thomas Kilgallon sold 2,917,500 shares of the company’s stock in a transaction on Friday, February 13th. The shares were sold at an average price of $15.94, for a total transaction of $46,504,950.00. Following the completion of the transaction, the director owned 95,370,751 shares of the company’s stock, valued at $1,520,209,770.94. This represents a 2.97% decrease in their position. The disclosure for this sale is available in the SEC filing. 3.20% of the stock is owned by insiders.

About Bob’s Discount Furniture

Bob’s Discount Furniture (NYSE: BOBS) is a U.S.-based specialty retailer of residential furniture and home furnishings. The company operates a network of company-owned showrooms alongside an e-commerce platform to sell living room, bedroom and dining furniture, mattresses, home office pieces, and decorative accessories. Its merchandising and marketing emphasize value-oriented pricing and broad selection across mainstream categories.

In addition to merchandise sales, Bob’s Discount Furniture offers services commonly associated with full-service furniture retail, including delivery, white-glove setup in some markets, and consumer financing options.