William Barton Acquires 22,150 Shares of Bob’s Discount Furniture (NYSE:BOBS) Stock

Bob’s Discount Furniture, Inc. (NYSE:BOBS) insider William Barton purchased 22,150 shares of the firm’s stock in a transaction that occurred on Friday, May 8th. The stock was acquired at an average price of $13.56 per share, for a total transaction of $300,354.00. Following the completion of the purchase, the insider owned 22,150 shares of the company’s stock, valued at approximately $300,354. This represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Bob’s Discount Furniture Trading Down 2.0%

Bob’s Discount Furniture stock opened at $12.22 on Thursday. Bob’s Discount Furniture, Inc. has a 1-year low of $9.73 and a 1-year high of $23.49. The company has a 50 day simple moving average of $12.92.

Bob’s Discount Furniture (NYSE:BOBS) last posted 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 company had revenue of $578.10 million during the quarter. The business’s revenue for the quarter was up 8.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.13 EPS.

Wall Street Analysts Forecast Growth

BOBS has been the subject of a number of analyst reports. Evercore reissued an “outperform” rating and issued a $16.00 price target on shares of Bob’s Discount Furniture in a report on Friday, May 8th. Morgan Stanley cut their price target on Bob’s Discount Furniture from $25.50 to $23.00 and set an “overweight” rating for the company in a report on Wednesday, March 18th. Loop Capital initiated coverage on Bob’s Discount Furniture in a report on Monday, March 2nd. They issued a “buy” rating and a $28.00 price target for the company. Zacks Research raised Bob’s Discount Furniture to a “hold” rating in a report on Tuesday, March 3rd. Finally, JPMorgan Chase & Co. cut their price target 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. Eleven analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $22.92.

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.