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

Shares of Bob’s Discount Furniture, Inc. (NYSE:BOBS) have been assigned a consensus rating of “Moderate Buy” from the fifteen ratings firms that are presently covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, three have given a hold recommendation and eleven have given a buy recommendation to the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $22.9167.

A number of research analysts have weighed in on the stock. Evercore reaffirmed an “outperform” rating and issued a $16.00 price objective on shares of Bob’s Discount Furniture in a report on Friday, May 8th. Loop Capital initiated coverage on shares of Bob’s Discount Furniture in a report on Monday, March 2nd. They issued a “buy” rating and a $28.00 price objective for the company. Royal Bank Of Canada cut their target price on shares of Bob’s Discount Furniture from $25.00 to $18.00 and set an “outperform” rating for the company in a research note on Monday, May 4th. JPMorgan Chase & Co. cut their target price 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. Finally, Bank of America initiated coverage on shares of Bob’s Discount Furniture in a research note on Monday, March 2nd. They set a “buy” rating and a $28.00 target price for the company.

Bob’s Discount Furniture Price Performance

NYSE BOBS opened at $11.89 on Friday. The firm’s fifty day simple moving average is $12.63. Bob’s Discount Furniture has a 1 year low of $9.73 and a 1 year high of $23.49.

Bob’s Discount Furniture (NYSE:BOBS) last posted 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. During the same quarter in the prior year, the firm earned $0.13 earnings per share. The firm’s revenue was up 8.5% on a year-over-year basis.

Insider Transactions at Bob’s Discount Furniture

In other Bob’s Discount Furniture news, insider William G. Barton acquired 22,150 shares of the company’s stock in a transaction that occurred on Friday, May 8th. The stock was bought at an average price of $13.56 per share, with a total value of $300,354.00. Following the purchase, the insider owned 22,150 shares in the company, valued at approximately $300,354. The trade was a ? increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 3.20% of the company’s stock.

About Bob’s Discount Furniture

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.