Bob’s Discount Furniture (NYSE:BOBS) Given New $21.00 Price Target at Royal Bank Of Canada

Bob’s Discount Furniture (NYSE:BOBS) had its target price cut by stock analysts at Royal Bank Of Canada from $22.00 to $21.00 in a report issued on Friday, Benzinga reports. The firm presently has an “outperform” rating on the stock. Royal Bank Of Canada‘s price objective would indicate a potential upside of 6.33% from the stock’s previous close.

BOBS has been the topic of several other research reports. Weiss Ratings raised shares of Bob’s Discount Furniture from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Monday, August 17th. Evercore set a $18.00 price target on Bob’s Discount Furniture in a report on Tuesday, October 13th. Finally, Robert W. Baird set a $19.00 price objective on Bob’s Discount Furniture in a report on Friday, August 7th. Eleven equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, Bob’s Discount Furniture currently has an average rating of “Moderate Buy” and a consensus price target of $23.75.

Bob’s Discount Furniture Price Performance

Bob’s Discount Furniture stock traded up $0.28 during midday trading on Friday, reaching $19.75. 522,089 shares of the stock traded hands, compared to its average volume of 1,056,521. The stock has a market cap of $2.58 billion and a P/E ratio of 31.05. The stock’s fifty day moving average is $15.46 and its 200-day moving average is $15.03. The company has a quick ratio of 0.28, a current ratio of 0.90 and a debt-to-equity ratio of 0.14. Bob’s Discount Furniture has a 12 month low of $9.73 and a 12 month high of $23.49.

Bob’s Discount Furniture (NYSE:BOBS) last released its quarterly earnings results on Thursday, November 5th. The company reported $0.28 EPS for the quarter, hitting the consensus estimate of $0.28. The company had revenue of $680.44 million during the quarter. During the same period in the prior year, the company posted $0.29 EPS. The company’s quarterly revenue was up 10.3% compared to the same quarter last year. As a group, equities research analysts anticipate that Bob’s Discount Furniture will post 0.93 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in BOBS. State of Alaska Department of Revenue acquired a new position in shares of Bob’s Discount Furniture in the 3rd quarter valued at about $93,000. Penn Capital Management Company LLC raised its position in Bob’s Discount Furniture by 38.8% during the third quarter. Penn Capital Management Company LLC now owns 37,142 shares of the company’s stock valued at $515,000 after acquiring an additional 10,375 shares in the last quarter. Readystate Asset Management LP purchased a new position in Bob’s Discount Furniture during the second quarter valued at approximately $237,000. Bank of New York Mellon Corp acquired a new stake in Bob’s Discount Furniture during the second quarter valued at $700,000. Finally, Russell Investments Group Ltd. boosted its stake in shares of Bob’s Discount Furniture by 4,192.1% during the 3rd quarter. Russell Investments Group Ltd. now owns 67,343 shares of the company’s stock worth $933,000 after acquiring an additional 65,774 shares in the last quarter.

Key Stories Impacting Bob’s Discount Furniture

Here are the key news stories impacting Bob’s Discount Furniture this week:

• Positive Sentiment: Third-quarter revenue rose 10.3% year over year to $680.4 million, exceeding estimates by about $14.2 million. The company also reported GAAP EPS of $0.31, $0.04 above estimates. Article
• Positive Sentiment: Management projects approximately 10% unit growth in 2027, signaling continued expansion. Article
• Neutral Sentiment: BOBS maintained its 2026 revenue outlook of $2.60 billion to $2.63 billion. Reaffirming guidance provides some visibility, but the company did not raise its forecast. Article
• Negative Sentiment: Management cited fuel headwinds, which could add cost pressure and weigh on margins as the company pursues growth. Article

About Bob’s Discount Furniture

Bob’s Discount Furniture is a U.S. furniture retailer that sells a broad selection of furniture and home furnishings at value-oriented prices. Its merchandise includes living room, bedroom, dining room and home office furniture, as well as mattresses, rugs, lighting, décor and other household products.

The company was founded in 1991 by Robert “Bob” Kaufman in Newington, Connecticut. Bob’s operates an omnichannel retail model that combines a network of showrooms with online shopping and related delivery and service capabilities.