Bob’s Discount Furniture (NYSE:BOBS) Earns Buy Rating from Analysts at Craig Hallum

Craig Hallum assumed coverage on shares of Bob’s Discount Furniture (NYSE:BOBS) in a research note issued on Wednesday,Benzinga reports. The brokerage set a “buy” rating and a $21.00 price target on the stock. Craig Hallum’s price objective indicates a potential upside of 80.32% from the stock’s previous close.

Several other analysts have also recently issued reports on BOBS. Robert W. Baird reduced their price target on shares of Bob’s Discount Furniture from $22.00 to $16.00 and set a “neutral” rating on the stock in a research report on Wednesday, March 18th. UBS Group lowered shares of Bob’s Discount Furniture to a “buy” rating and set a $27.00 target price on the stock. in a report on Monday, March 2nd. Raymond James Financial upgraded shares of Bob’s Discount Furniture to a “moderate buy” rating in a research note on Monday, March 2nd. Loop Capital initiated coverage on Bob’s Discount Furniture in a research report on Monday, March 2nd. They set a “buy” rating and a $28.00 price objective on the stock. Finally, Royal Bank Of Canada decreased their target price on Bob’s Discount Furniture from $26.00 to $25.00 and set an “outperform” rating for the company in a report on Wednesday, March 18th. Eleven equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $24.67.

Bob’s Discount Furniture Stock Up 10.4%

Shares of NYSE BOBS opened at $11.65 on Wednesday. Bob’s Discount Furniture has a twelve month low of $10.20 and a twelve month high of $23.49.

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

Insider Buying and Selling

In other news, Director Jennifer Lynn Davis 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 value of $46,504,950.00. Following the completion of the transaction, the director owned 95,370,751 shares in the company, valued at approximately $1,520,209,770.94. This represents a 2.97% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director John Thomas Kilgallon sold 2,917,500 shares of the 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 directly owned 95,370,751 shares in the company, valued at $1,520,209,770.94. This trade represents a 2.97% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 3.20% of the stock is currently owned by company 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.