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

Bob’s Discount Furniture, Inc. (NYSE:BOBS) has been assigned an average rating of “Moderate Buy” from the fifteen brokerages that are presently covering the company, MarketBeat.com reports. Four equities research analysts have rated the stock with a hold recommendation and eleven have assigned a buy recommendation to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $24.00.

Several analysts have issued reports on the company. Robert W. Baird set a $19.00 price objective on Bob’s Discount Furniture in a report on Friday, August 7th. Evercore reiterated an “outperform” rating and issued a $20.00 target price on shares of Bob’s Discount Furniture in a report on Friday, August 7th. Weiss Ratings raised shares of Bob’s Discount Furniture from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Monday, August 17th. UBS Group cut 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 report on Tuesday, May 5th. Finally, Royal Bank Of Canada raised their price objective on shares of Bob’s Discount Furniture from $19.00 to $22.00 and gave the stock an “outperform” rating in a research note on Thursday, August 6th.

Institutional Trading of Bob’s Discount Furniture

Hedge funds have recently modified their holdings of the business. Alyeska Investment Group L.P. acquired a new stake in shares of Bob’s Discount Furniture in the second quarter worth $16,599,000. Bank of New York Mellon Corp acquired a new position in Bob’s Discount Furniture during the second quarter valued at $700,000. Penn Capital Management Company LLC purchased a new stake in Bob’s Discount Furniture in the 2nd quarter worth about $423,000. Finally, Readystate Asset Management LP purchased a new stake in Bob’s Discount Furniture in the 2nd quarter worth about $237,000.

Bob’s Discount Furniture Stock Down 0.3%

Shares of NYSE BOBS opened at $17.45 on Monday. The stock has a fifty day moving average of $16.29. The firm has a market cap of $2.28 billion and a PE ratio of 27.27. The company has a quick ratio of 0.28, a current ratio of 0.90 and a debt-to-equity ratio of 0.14. Bob’s Discount Furniture has a 52-week low of $9.73 and a 52-week high of $23.49.

Bob’s Discount Furniture (NYSE:BOBS) last announced its earnings results on Thursday, August 6th. The company reported $0.20 EPS for the quarter, meeting the consensus estimate of $0.20. The company had revenue of $619.57 million for the quarter. As a group, analysts anticipate that Bob’s Discount Furniture will post 0.93 earnings per share for the current year.

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.