Bob’s Discount Furniture, Inc. (NYSE:BOBS) Receives $22.92 Consensus Price Target from Analysts

Shares of Bob’s Discount Furniture, Inc. (NYSE:BOBS) have been assigned a consensus rating of “Moderate Buy” from the fifteen research firms that are covering the company, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, three have given a hold recommendation and eleven have assigned a buy recommendation to the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $22.9167.

A number of equities analysts recently commented on the company. Zacks Research upgraded Bob’s Discount Furniture to a “hold” rating in a report on Tuesday, March 3rd. Weiss Ratings assumed coverage on Bob’s Discount Furniture in a report on Thursday, May 14th. They set a “sell (d)” rating for the company. Bank of America assumed coverage on Bob’s Discount Furniture in a report on Monday, March 2nd. They set a “buy” rating and a $28.00 target price for the company. Raymond James Financial upgraded Bob’s Discount Furniture to a “moderate buy” rating in a report on Monday, March 2nd. Finally, Robert W. Baird set a $14.00 target price on Bob’s Discount Furniture in a report on Friday, May 8th.

Bob’s Discount Furniture Price Performance

Shares of Bob’s Discount Furniture stock opened at $13.68 on Wednesday. The firm’s 50-day moving average price is $12.02. Bob’s Discount Furniture has a 12 month low of $9.73 and a 12 month high of $23.49.

Bob’s Discount Furniture (NYSE:BOBS) last announced its earnings results on Thursday, May 7th. The company reported $0.09 EPS for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.12). The company had revenue of $578.10 million during the quarter. During the same quarter in the previous year, the business posted $0.13 earnings per share. The firm’s revenue for the quarter was up 8.5% on a year-over-year basis.

Insider Transactions at Bob’s Discount Furniture

In related news, insider William G. Barton purchased 22,150 shares of Bob’s Discount Furniture stock in a transaction on Friday, May 8th. The shares were bought at an average price of $13.56 per share, with a total value of $300,354.00. Following the transaction, the insider directly owned 22,150 shares of the company’s stock, valued at approximately $300,354. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 3.20% of the stock is owned by corporate 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.