Bob’s Discount Furniture, Inc. (NYSE:BOBS) Receives $25.00 Consensus PT from Analysts

Shares of Bob’s Discount Furniture, Inc. (NYSE:BOBS) have been given an average recommendation of “Moderate Buy” by the fourteen brokerages that are currently covering the company, MarketBeat.com reports. Three analysts have rated the stock with a hold recommendation and eleven have assigned a buy recommendation to the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $24.6667.

BOBS has been the topic of several analyst reports. DA Davidson decreased their target price on shares of Bob’s Discount Furniture from $26.00 to $24.00 and set a “buy” rating on the stock in a research note on Wednesday, March 18th. JPMorgan Chase & Co. lowered 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 research note on Wednesday, March 18th. Raymond James Financial raised Bob’s Discount Furniture to a “moderate buy” rating in a research note on Monday, March 2nd. Evercore began coverage on shares of Bob’s Discount Furniture in a research report on Monday, March 2nd. They set an “outperform” rating and a $25.00 price target on the stock. Finally, Royal Bank Of Canada decreased their price target on shares of Bob’s Discount Furniture from $26.00 to $25.00 and set an “outperform” rating for the company in a research note on Wednesday, March 18th.

Insider Buying and Selling

In other news, Director John Thomas Kilgallon sold 2,917,500 shares of the business’s stock in a transaction on Friday, February 13th. The shares were sold at an average price of $15.94, for a total transaction of $46,504,950.00. Following the sale, the director owned 95,370,751 shares in the company, valued at approximately $1,520,209,770.94. The trade was a 2.97% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Jennifer Lynn Davis sold 2,917,500 shares of Bob’s Discount Furniture stock in a transaction on Friday, February 13th. The stock was sold at an average price of $15.94, for a total value of $46,504,950.00. Following the completion of the sale, the director directly owned 95,370,751 shares of the company’s stock, valued at approximately $1,520,209,770.94. The trade was a 2.97% decrease in their position. The disclosure for this sale is available in the SEC filing. Company insiders own 3.20% of the company’s stock.

Bob’s Discount Furniture Stock Down 6.0%

Shares of Bob’s Discount Furniture stock opened at $11.22 on Friday. Bob’s Discount Furniture has a 52-week low of $10.20 and a 52-week high of $23.49.

Bob’s Discount Furniture (NYSE:BOBS) last posted its quarterly earnings results on Tuesday, March 17th. The company reported $0.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.11 by $0.24. The business had revenue of $648.83 million for the quarter, compared to analysts’ expectations of $647.49 million. During the same quarter in the previous year, the company earned $0.36 earnings per share. The business’s quarterly revenue was up 8.2% on a year-over-year basis.

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.