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

Shares of Bob’s Discount Furniture, Inc. (NYSE:BOBS) have been given a consensus recommendation of “Moderate Buy” by the fifteen ratings firms that are currently covering the company, MarketBeat reports. One analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and eleven have given a buy recommendation to the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $22.9167.

A number of brokerages have recently weighed in on BOBS. Weiss Ratings initiated coverage on Bob’s Discount Furniture in a research report on Thursday, May 14th. They set a “sell (d)” rating on the stock. Morgan Stanley lowered their price objective on Bob’s Discount Furniture from $25.50 to $23.00 and set an “overweight” rating for the company in a research note on Wednesday, March 18th. Evercore reaffirmed an “outperform” rating and issued a $16.00 target price on shares of Bob’s Discount Furniture in a research report on Friday, May 8th. DA Davidson cut their target price on 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. Finally, Craig Hallum started coverage on shares of Bob’s Discount Furniture in a report on Wednesday, April 1st. They set a “buy” rating and a $21.00 price target for the company.

Insider Transactions at Bob’s Discount Furniture

In other news, insider William G. Barton bought 22,150 shares of the firm’s stock in a transaction on Friday, May 8th. The stock was purchased 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 in the company, valued at approximately $300,354. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this link. 3.20% of the stock is owned by insiders.

Bob’s Discount Furniture Trading Up 0.2%

Shares of NYSE:BOBS opened at $16.43 on Friday. The company has a market cap of $2.15 billion and a P/E ratio of 37.33. Bob’s Discount Furniture has a fifty-two week low of $9.73 and a fifty-two week high of $23.49. The firm’s 50-day simple moving average is $12.96.

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 analysts’ consensus estimates of $0.21 by ($0.12). The business had revenue of $578.10 million for the quarter. During the same period in the previous year, the company earned $0.13 EPS. The firm’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.