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

Shares of Bob’s Discount Furniture, Inc. (NYSE:BOBS) have been given a consensus rating of “Moderate Buy” by the fifteen analysts that are covering the stock, Marketbeat reports. Four equities research analysts have rated the stock with a hold recommendation and eleven have assigned a buy recommendation to the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $24.00.

BOBS has been the topic of a number of research reports. Evercore restated an “outperform” rating and set a $20.00 price target on shares of Bob’s Discount Furniture in a research note on Friday, August 7th. Robert W. Baird set a $19.00 price objective on Bob’s Discount Furniture in a research note on Friday, August 7th. Royal Bank Of Canada raised their target price on shares of Bob’s Discount Furniture from $19.00 to $22.00 and gave the stock an “outperform” rating in a research report on Thursday, August 6th. UBS Group cut their target price on shares of Bob’s Discount Furniture from $27.00 to $24.00 and set a “buy” rating on the stock in a report on Tuesday, May 5th. Finally, Weiss Ratings upgraded shares of Bob’s Discount Furniture from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Monday, August 17th.

Institutional Investors Weigh In On Bob’s Discount Furniture

Several hedge funds have recently made changes to their positions in BOBS. California State Teachers Retirement System acquired a new position in Bob’s Discount Furniture in the 2nd quarter valued at about $6,417,000. Readystate Asset Management LP acquired a new stake in Bob’s Discount Furniture during the 2nd quarter worth approximately $237,000. Bank of New York Mellon Corp purchased a new position in shares of Bob’s Discount Furniture in the 2nd quarter valued at approximately $700,000. Alyeska Investment Group L.P. acquired a new position in shares of Bob’s Discount Furniture in the second quarter valued at approximately $16,599,000. Finally, Penn Capital Management Company LLC purchased a new stake in shares of Bob’s Discount Furniture during the second quarter worth approximately $423,000.

Bob’s Discount Furniture Price Performance

Bob’s Discount Furniture stock opened at $17.37 on Monday. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.28 and a current ratio of 0.90. Bob’s Discount Furniture has a 1-year low of $9.73 and a 1-year high of $23.49. The company has a fifty day simple moving average of $16.66. The firm has a market capitalization of $2.27 billion and a PE ratio of 27.14.

Bob’s Discount Furniture (NYSE:BOBS) last posted its earnings results on Thursday, August 6th. The company reported $0.20 EPS for the quarter, meeting analysts’ consensus estimates of $0.20. The company had revenue of $619.57 million during the quarter. On average, research analysts expect that Bob’s Discount Furniture will post 0.93 earnings per share for the current fiscal year.

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.