Bob’s Discount Furniture (NYSE:BOBS) Price Target Cut to $18.00 by Analysts at Royal Bank Of Canada

Bob’s Discount Furniture (NYSE:BOBS) had its target price decreased by research analysts at Royal Bank Of Canada from $25.00 to $18.00 in a research report issued to clients and investors on Monday,Benzinga reports. The firm presently has an “outperform” rating on the stock. Royal Bank Of Canada’s target price suggests a potential upside of 72.35% from the company’s previous close.

Several other brokerages also recently commented on BOBS. The Goldman Sachs Group assumed coverage on Bob’s Discount Furniture in a research note on Monday, March 2nd. They issued a “neutral” rating and a $25.00 target price for the company. UBS Group downgraded Bob’s Discount Furniture to a “buy” rating and set a $27.00 target price for the company. in a research note on Monday, March 2nd. Wall Street Zen upgraded Bob’s Discount Furniture to a “hold” rating in a research note on Monday, February 16th. Morgan Stanley cut their target price on Bob’s Discount Furniture from $25.50 to $23.00 and set an “overweight” rating for the company in a research note on Wednesday, March 18th. Finally, JPMorgan Chase & Co. cut their target price on Bob’s Discount Furniture from $29.00 to $26.00 and set an “overweight” rating for the company in a research note on Wednesday, March 18th. Eleven analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $24.08.

Bob’s Discount Furniture Stock Performance

BOBS traded down $0.63 during trading hours on Monday, hitting $10.44. The stock had a trading volume of 489,523 shares, compared to its average volume of 1,176,996. The firm’s fifty day simple moving average is $14.26. Bob’s Discount Furniture has a 1 year low of $10.18 and a 1 year high of $23.49.

Bob’s Discount Furniture (NYSE:BOBS) last announced its quarterly earnings data on Wednesday, March 18th. The company reported $0.35 earnings per share for the quarter, topping the consensus estimate of $0.11 by $0.24. The firm had revenue of $648.83 million during the quarter, compared to analysts’ expectations of $647.49 million. During the same period last year, the business posted $0.36 EPS. The company’s revenue was up 8.2% compared to the same quarter last year.

Insider Transactions at Bob’s Discount Furniture

In other news, Director John Thomas Kilgallon sold 2,917,500 shares of Bob’s Discount Furniture stock in a transaction dated 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 completion of the sale, the director owned 95,370,751 shares in the company, valued at approximately $1,520,209,770.94. This trade represents a 2.97% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Jennifer Lynn Davis sold 2,917,500 shares of Bob’s Discount Furniture stock in a transaction dated 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 sale, the director owned 95,370,751 shares of the company’s stock, valued at approximately $1,520,209,770.94. This trade represents a 2.97% decrease in their position. The SEC filing for this sale provides additional information. Company insiders own 3.20% of the company’s stock.

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.