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

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

Several analysts have weighed in on the company. UBS Group cut their price objective on 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. Evercore reiterated an “outperform” rating and issued a $16.00 price objective on shares of Bob’s Discount Furniture in a report on Friday, May 8th. Weiss Ratings started coverage on shares of Bob’s Discount Furniture in a report on Thursday, May 14th. They set a “sell (d)” rating on the stock. Robert W. Baird set a $14.00 target price on shares of Bob’s Discount Furniture in a research note on Friday, May 8th. Finally, Royal Bank Of Canada dropped their price target on Bob’s Discount Furniture from $25.00 to $18.00 and set an “outperform” rating on the stock in a research report on Monday, May 4th.

Bob’s Discount Furniture Trading Up 5.0%

Shares of NYSE BOBS opened at $17.50 on Thursday. Bob’s Discount Furniture has a 52 week low of $9.73 and a 52 week high of $23.49. The business has a fifty day moving average price of $14.78. The stock has a market capitalization of $2.29 billion and a P/E ratio of 39.76.

Bob’s Discount Furniture (NYSE:BOBS) last issued its quarterly earnings data on Thursday, May 7th. The company reported $0.09 EPS for the quarter, missing the consensus estimate of $0.21 by ($0.12). The firm had revenue of $578.10 million for the quarter. The company’s revenue was up 8.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.13 earnings per share.

Insider Transactions at Bob’s Discount Furniture

In other Bob’s Discount Furniture news, insider William G. Barton acquired 22,150 shares of the stock in a transaction that occurred on Friday, May 8th. The shares were acquired at an average cost of $13.56 per share, with a total value of $300,354.00. Following the transaction, the insider owned 22,150 shares of the company’s stock, valued at $300,354. The trade was a ∞ increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Company 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.