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

Shares of Bob’s Discount Furniture, Inc. (NYSE:BOBS) have been assigned an average rating of “Moderate Buy” from the fifteen analysts that are currently covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and eleven have issued a buy rating on the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $22.9167.

Several research firms have recently issued reports on BOBS. JPMorgan Chase & Co. decreased their price objective on shares of Bob’s Discount Furniture from $29.00 to $26.00 and set an “overweight” rating for the company in a report on Wednesday, March 18th. Weiss Ratings initiated coverage on shares of Bob’s Discount Furniture in a report on Thursday, May 14th. They set a “sell (d)” rating for the company. Royal Bank Of Canada decreased their price objective on shares of Bob’s Discount Furniture from $25.00 to $18.00 and set an “outperform” rating for the company in a report on Monday, May 4th. UBS Group reduced their price objective on shares of Bob’s Discount Furniture from $27.00 to $24.00 and set a “buy” rating for the company in a research note on Tuesday, May 5th. Finally, Craig Hallum started coverage on Bob’s Discount Furniture in a research note on Wednesday, April 1st. They set a “buy” rating and a $21.00 target price for the company.

Insider Activity at Bob’s Discount Furniture

In other Bob’s Discount Furniture news, insider William G. Barton acquired 22,150 shares of Bob’s Discount Furniture stock in a transaction dated Friday, May 8th. The stock was bought at an average cost of $13.56 per share, with a total value of $300,354.00. Following the completion of the transaction, the insider owned 22,150 shares of the company’s stock, valued at $300,354. The trade was a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 3.20% of the stock is currently owned by company insiders.

Bob’s Discount Furniture Price Performance

Shares of BOBS opened at $16.43 on Friday. Bob’s Discount Furniture has a one year low of $9.73 and a one year high of $23.49. The company’s fifty day simple moving average is $12.96. The firm has a market capitalization of $2.15 billion and a price-to-earnings ratio of 37.33.

Bob’s Discount Furniture (NYSE:BOBS) last announced its earnings results on Thursday, May 7th. The company reported $0.09 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.12). The company had revenue of $578.10 million for the quarter. The firm’s revenue was up 8.5% on a year-over-year basis. During the same period last year, the firm posted $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.