Bob’s Discount Furniture (NYSE:BOBS) Price Target Raised to $25.00

Bob’s Discount Furniture (NYSE:BOBS) had its price objective lifted by JPMorgan Chase & Co. from $22.00 to $25.00 in a report published on Friday,Benzinga reports. JPMorgan Chase & Co. currently has an overweight rating on the stock.

BOBS has been the topic of several other research reports. Weiss Ratings raised Bob’s Discount Furniture from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Monday, August 17th. Royal Bank Of Canada cut their price objective on Bob’s Discount Furniture from $22.00 to $21.00 and set an “outperform” rating on the stock in a report on Friday. Evercore set a $18.00 target price on Bob’s Discount Furniture in a research note on Tuesday, October 13th. Finally, Robert W. Baird set a $19.00 target price on shares of Bob’s Discount Furniture in a report on Friday, August 7th. Eleven analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, Bob’s Discount Furniture has an average rating of “Moderate Buy” and an average price target of $23.67.

Bob’s Discount Furniture Stock Down 0.4%

Shares of NYSE BOBS opened at $19.34 on Friday. Bob’s Discount Furniture has a 52-week low of $9.73 and a 52-week high of $23.49. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.28 and a current ratio of 0.90. The stock has a market cap of $2.53 billion and a P/E ratio of 17.42. The firm has a 50 day moving average price of $15.50 and a 200 day moving average price of $15.05.

Bob’s Discount Furniture (NYSE:BOBS) last posted its earnings results on Thursday, November 5th. The company reported $0.28 earnings per share for the quarter, hitting the consensus estimate of $0.28. The company had revenue of $680.44 million for the quarter. Bob’s Discount Furniture had a net margin of 5.66% and a return on equity of 30.04%. The company’s revenue for the quarter was up 10.3% on a year-over-year basis. During the same quarter last year, the business posted $0.29 earnings per share. Analysts expect that Bob’s Discount Furniture will post 0.93 EPS for the current year.

Hedge Funds Weigh In On Bob’s Discount Furniture

Large investors have recently bought and sold shares of the company. State of Alaska Department of Revenue acquired a new stake in shares of Bob’s Discount Furniture in the third quarter valued at approximately $93,000. Readystate Asset Management LP acquired a new position in Bob’s Discount Furniture during the second quarter worth $237,000. Penn Capital Management Company LLC acquired a new position in Bob’s Discount Furniture during the second quarter worth $423,000. Bank of New York Mellon Corp bought a new position in Bob’s Discount Furniture in the second quarter valued at $700,000. Finally, Russell Investments Group Ltd. grew its position in Bob’s Discount Furniture by 4,192.1% in the third quarter. Russell Investments Group Ltd. now owns 67,343 shares of the company’s stock valued at $933,000 after purchasing an additional 65,774 shares in the last quarter.

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.