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

Bob’s Discount Furniture, Inc. (NYSE:BOBS) has received an average recommendation of “Moderate Buy” from the fifteen brokerages that are covering the firm, Marketbeat reports. One analyst has rated the stock with a sell rating, three have assigned a hold rating and eleven have issued a buy rating on the company. The average 1-year target price among analysts that have covered the stock in the last year is $22.9167.

Several brokerages recently issued reports on BOBS. Weiss Ratings upgraded shares of Bob’s Discount Furniture from a “sell (d)” rating to a “sell (d+)” rating in a research note on Monday. Royal Bank Of Canada dropped their price target on Bob’s Discount Furniture from $25.00 to $18.00 and set an “outperform” rating on the stock in a research note on Monday, May 4th. Evercore reaffirmed an “outperform” rating and set a $16.00 price target on shares of Bob’s Discount Furniture in a report on Friday, May 8th. Robert W. Baird set a $14.00 price objective on shares of Bob’s Discount Furniture in a research report on Friday, May 8th. Finally, UBS Group dropped their price objective on shares of Bob’s Discount Furniture from $27.00 to $24.00 and set a “buy” rating on the stock in a research report on Tuesday, May 5th.

Bob’s Discount Furniture Stock Performance

Shares of BOBS opened at $18.85 on Thursday. The stock’s fifty day moving average price is $15.01. Bob’s Discount Furniture has a 1-year low of $9.73 and a 1-year high of $23.49. The firm has a market capitalization of $2.46 billion and a P/E ratio of 42.83.

Bob’s Discount Furniture (NYSE:BOBS) last announced its quarterly earnings results on Thursday, August 6th. The company reported $0.20 EPS for the quarter. The firm had revenue of $619.57 million during the quarter.

Insider Buying and Selling at Bob’s Discount Furniture

In other news, insider William G. Barton purchased 22,150 shares of Bob’s Discount Furniture stock in a transaction that occurred on Friday, May 8th. The shares were acquired at an average price of $13.56 per share, for a total transaction of $300,354.00. Following the transaction, the insider owned 22,150 shares of the company’s stock, valued at approximately $300,354. The trade was a ? increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. Corporate 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.