Bob’s Discount Furniture, Inc. (NYSE:BOBS) Receives $22.92 Average Price Target from Analysts

Shares of Bob’s Discount Furniture, Inc. (NYSE:BOBS) have earned an average recommendation of “Moderate Buy” from the fifteen analysts that are currently covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, three have given a hold recommendation and eleven have assigned a buy recommendation to the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $22.9167.

BOBS has been the subject of several recent research reports. Royal Bank Of Canada reduced 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 report on Monday, May 4th. Evercore restated an “outperform” rating and set a $16.00 price target on shares of Bob’s Discount Furniture in a research report on Friday, May 8th. UBS Group dropped their price target 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. Craig Hallum started coverage on shares of Bob’s Discount Furniture in a research report on Wednesday, April 1st. They set a “buy” rating and a $21.00 price target on the stock. Finally, Loop Capital started coverage on shares of Bob’s Discount Furniture in a research report on Monday, March 2nd. They set a “buy” rating and a $28.00 price target on the stock.

Insider Buying and Selling

In other news, insider William G. Barton purchased 22,150 shares of the company’s stock in a transaction that occurred on Friday, May 8th. The shares were bought at an average price of $13.56 per share, for a total transaction of $300,354.00. Following the completion of the transaction, the insider owned 22,150 shares in the company, valued at $300,354. This represents a ? increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 3.20% of the company’s stock.

Bob’s Discount Furniture Price Performance

Shares of Bob’s Discount Furniture stock opened at $13.93 on Wednesday. The business’s fifty day simple moving average is $12.13. 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 issued its earnings results on Thursday, May 7th. The company reported $0.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.21 by ($0.12). The company had revenue of $578.10 million for the quarter. During the same quarter in the previous year, the firm earned $0.13 earnings per share. The company’s quarterly revenue was up 8.5% on a year-over-year basis.

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.