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

Shares of Bob’s Discount Furniture, Inc. (NYSE:BOBS) have received an average recommendation of “Moderate Buy” from the fifteen research firms that are presently covering the company, Marketbeat.com 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 price objective among brokerages that have issued a report on the stock in the last year is $22.9167.

A number of research firms have recently weighed in on BOBS. Weiss Ratings began coverage on Bob’s Discount Furniture in a research report on Thursday. They set a “sell (d)” rating for the company. Zacks Research upgraded Bob’s Discount Furniture to a “hold” rating in a research report on Tuesday, March 3rd. JPMorgan Chase & Co. dropped 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 report on Wednesday, March 18th. KeyCorp began coverage on Bob’s Discount Furniture in a research report on Monday, March 2nd. They set an “overweight” rating and a $28.00 target price for the company. Finally, The Goldman Sachs Group began coverage on Bob’s Discount Furniture in a research report on Monday, March 2nd. They set a “neutral” rating and a $25.00 target price for the company.

Insider Activity

In other news, insider William G. Barton purchased 22,150 shares of the firm’s stock in a transaction dated Friday, May 8th. The stock was bought at an average price of $13.56 per share, with a total value of $300,354.00. Following the acquisition, the insider directly owned 22,150 shares of the company’s stock, valued at approximately $300,354. This represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 3.20% of the stock is owned by company insiders.

Bob’s Discount Furniture Price Performance

NYSE BOBS opened at $11.86 on Friday. The company has a 50-day moving average of $12.50. Bob’s Discount Furniture has a twelve month low of $9.73 and a twelve month high of $23.49.

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

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.