Bob’s Discount Furniture (NYSE:BOBS) Posts Earnings Results, Beats Estimates By $0.24 EPS

Bob’s Discount Furniture (NYSE:BOBS) announced its quarterly earnings results on Tuesday. The company reported $0.35 EPS for the quarter, beating the consensus estimate of $0.11 by $0.24, Briefing.com reports. During the same period last year, the company posted $0.36 EPS. Bob’s Discount Furniture’s revenue for the quarter was up 8.2% compared to the same quarter last year.

Bob’s Discount Furniture Trading Down 7.0%

BOBS traded down $1.10 during trading on Tuesday, hitting $14.64. The company’s stock had a trading volume of 2,072,447 shares, compared to its average volume of 1,131,742. Bob’s Discount Furniture has a 12 month low of $14.35 and a 12 month high of $23.49.

Wall Street Analyst Weigh In

BOBS has been the topic of a number of recent research reports. The Goldman Sachs Group assumed coverage on shares of Bob’s Discount Furniture in a research note on Monday, March 2nd. They set a “neutral” rating and a $25.00 price target on the stock. UBS Group downgraded shares of Bob’s Discount Furniture to a “buy” rating and set a $27.00 price objective for the company. in a report on Monday, March 2nd. Loop Capital assumed coverage on shares of Bob’s Discount Furniture in a research report on Monday, March 2nd. They set a “buy” rating and a $28.00 target price on the stock. Morgan Stanley assumed coverage on shares of Bob’s Discount Furniture in a research note on Monday, March 2nd. They issued an “overweight” rating and a $25.50 target price on the stock. Finally, Royal Bank Of Canada assumed coverage on shares of Bob’s Discount Furniture in a research note on Monday, March 2nd. They set an “outperform” rating and a $26.00 price target for the company. Ten analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, Bob’s Discount Furniture currently has an average rating of “Moderate Buy” and an average target price of $26.32.

Insider Transactions at Bob’s Discount Furniture

In other Bob’s Discount Furniture news, Director Jennifer Lynn Davis sold 2,917,500 shares of the company’s stock in a transaction on Friday, February 13th. The stock was sold at an average price of $15.94, for a total transaction of $46,504,950.00. Following the transaction, the director owned 95,370,751 shares of the company’s stock, valued at approximately $1,520,209,770.94. This represents a 2.97% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 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 value of $46,504,950.00. Following the completion of the transaction, the director owned 95,370,751 shares in the company, valued at $1,520,209,770.94. The trade was a 2.97% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 3.20% of the company’s stock.

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.