Analysts Set Bob’s Discount Furniture, Inc. (NYSE:BOBS) PT at $22.92

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

Several equities analysts recently issued reports on BOBS shares. Royal Bank Of Canada cut their price objective on shares of Bob’s Discount Furniture from $25.00 to $18.00 and set an “outperform” rating on the stock in a report on Monday, May 4th. Evercore reiterated an “outperform” rating and issued a $16.00 price target on shares of Bob’s Discount Furniture in a report on Friday, May 8th. UBS Group decreased their price objective on Bob’s Discount Furniture from $27.00 to $24.00 and set a “buy” rating for the company in a research note on Tuesday, May 5th. JPMorgan Chase & Co. dropped their price objective on Bob’s Discount Furniture from $29.00 to $26.00 and set an “overweight” rating on the stock in a research report on Wednesday, March 18th. Finally, Robert W. Baird set a $14.00 target price on Bob’s Discount Furniture in a research note on Friday, May 8th.

Insider Activity at Bob’s Discount Furniture

In other news, insider William G. Barton acquired 22,150 shares of Bob’s Discount Furniture stock in a transaction that occurred 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 purchase, the insider directly owned 22,150 shares in the company, valued at $300,354. The trade was a ∞ increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. 3.20% of the stock is currently owned by company insiders.

Bob’s Discount Furniture Price Performance

Shares of BOBS traded up $0.38 during midday trading on Friday, reaching $15.71. 784,858 shares of the stock were exchanged, compared to its average volume of 1,171,349. The company has a market capitalization of $2.05 billion and a P/E ratio of 35.70. Bob’s Discount Furniture has a 52 week low of $9.73 and a 52 week high of $23.49. The firm has a 50 day moving average price of $13.39.

Bob’s Discount Furniture (NYSE:BOBS) last released its quarterly earnings data 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 for the quarter. The company’s revenue was up 8.5% compared to the same quarter last year. During the same period last year, the firm earned $0.13 earnings per share.

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.