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

Shares of Bob’s Discount Furniture, Inc. (NYSE:BOBS) have been given a consensus rating of “Moderate Buy” by the fifteen brokerages that are covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and eleven have assigned a buy recommendation to the company. The average 12 month price target among analysts that have covered the stock in the last year is $22.9167.

BOBS has been the subject of a number of research analyst reports. KeyCorp initiated coverage on Bob’s Discount Furniture in a report on Monday, March 2nd. They set an “overweight” rating and a $28.00 target price for the company. JPMorgan Chase & Co. lowered their target price on Bob’s Discount Furniture from $29.00 to $26.00 and set an “overweight” rating for the company in a report on Wednesday, March 18th. Royal Bank Of Canada lowered their target price on 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. Robert W. Baird set a $14.00 target price on Bob’s Discount Furniture in a report on Friday, May 8th. Finally, Evercore restated an “outperform” rating and set a $16.00 target price on shares of Bob’s Discount Furniture in a report on Friday, May 8th.

Bob’s Discount Furniture Price Performance

NYSE BOBS opened at $11.92 on Friday. Bob’s Discount Furniture has a twelve month low of $9.73 and a twelve month high of $23.49. The business’s fifty day simple moving average is $12.26.

Bob’s Discount Furniture (NYSE:BOBS) last released its quarterly earnings results on Thursday, May 7th. The company reported $0.09 earnings per share for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.12). The firm had revenue of $578.10 million during the quarter. The company’s revenue for the quarter was up 8.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.13 earnings per share.

Insider Buying and Selling

In other news, insider William G. Barton bought 22,150 shares of the stock in a transaction that occurred on Friday, May 8th. The stock was bought at an average cost of $13.56 per share, for a total transaction of $300,354.00. Following the acquisition, the insider directly owned 22,150 shares of the company’s stock, valued at $300,354. The trade was a ∞ increase in their position. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. 3.20% of the stock is owned by company insiders.

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.