Bob’s Discount Furniture, Inc. (NYSE:BOBS) Given Average Recommendation of “Moderate Buy” by Analysts

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

Several brokerages have recently issued reports on BOBS. Weiss Ratings began coverage on shares of Bob’s Discount Furniture in a research note on Thursday, May 14th. They issued a “sell (d)” rating on the stock. Craig Hallum initiated coverage on shares of Bob’s Discount Furniture in a report on Wednesday, April 1st. They set a “buy” rating and a $21.00 target price for the company. UBS Group decreased their price target on shares of Bob’s Discount Furniture from $27.00 to $24.00 and set a “buy” rating on the stock in a research report on Tuesday, May 5th. Evercore reaffirmed an “outperform” rating and issued a $16.00 price target on shares of Bob’s Discount Furniture in a report on Friday, May 8th. Finally, Robert W. Baird set a $14.00 price objective on Bob’s Discount Furniture in a research report on Friday, May 8th.

Insider Activity

In related news, insider William G. Barton bought 22,150 shares of Bob’s Discount Furniture stock in a transaction dated Friday, May 8th. The stock was acquired at an average cost of $13.56 per share, with a total value of $300,354.00. Following the completion of the acquisition, the insider directly owned 22,150 shares in the company, valued at approximately $300,354. This trade represents a ∞ increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 3.20% of the stock is owned by company insiders.

Bob’s Discount Furniture Trading Down 1.0%

NYSE:BOBS opened at $16.82 on Thursday. The business’s 50-day moving average price is $14.46. Bob’s Discount Furniture has a 52-week low of $9.73 and a 52-week high of $23.49. The firm has a market capitalization of $2.20 billion and a price-to-earnings ratio of 38.24.

Bob’s Discount Furniture (NYSE:BOBS) last issued its quarterly earnings results on Thursday, May 7th. The company reported $0.09 earnings per share for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.12). The business had revenue of $578.10 million for the quarter. During the same period in the prior year, the business posted $0.13 earnings per share. The firm’s quarterly revenue was up 8.5% compared to the same quarter last year.

Bob’s Discount Furniture Company Profile

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.