HBK Investments L P Makes New $3.96 Million Investment in Bob’s Discount Furniture, Inc. $BOBS

HBK Investments L P acquired a new position in shares of Bob’s Discount Furniture, Inc. (NYSE:BOBS) during the second quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 250,000 shares of the company’s stock, valued at approximately $3,955,000.

Several other institutional investors have also recently made changes to their positions in BOBS. Readystate Asset Management LP acquired a new position in shares of Bob’s Discount Furniture in the 2nd quarter valued at $237,000. Alyeska Investment Group L.P. purchased a new stake in Bob’s Discount Furniture during the second quarter worth $16,599,000. Penn Capital Management Company LLC acquired a new stake in Bob’s Discount Furniture during the second quarter valued at $423,000. Finally, Bank of New York Mellon Corp acquired a new stake in Bob’s Discount Furniture during the second quarter valued at $700,000.

Bob’s Discount Furniture Price Performance

Shares of NYSE:BOBS traded up $0.10 during midday trading on Wednesday, reaching $14.66. 877,577 shares of the company’s stock traded hands, compared to its average volume of 1,087,347. The company has a fifty day simple moving average of $16.90 and a two-hundred day simple moving average of $14.67. 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 market cap of $1.92 billion and a P/E ratio of 22.91. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.28 and a current ratio of 0.90.

Bob’s Discount Furniture (NYSE:BOBS) last issued its quarterly earnings results on Thursday, August 6th. The company reported $0.20 EPS for the quarter, hitting the consensus estimate of $0.20. The company had revenue of $619.57 million during the quarter. Equities analysts predict that Bob’s Discount Furniture, Inc. will post 0.93 EPS for the current fiscal year.

Analysts Set New Price Targets

BOBS has been the subject of a number of analyst reports. Weiss Ratings upgraded shares of Bob’s Discount Furniture from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Monday, August 17th. Robert W. Baird set a $19.00 target price on Bob’s Discount Furniture in a research report on Friday, August 7th. Royal Bank Of Canada lifted their price target on Bob’s Discount Furniture from $19.00 to $22.00 and gave the company an “outperform” rating in a research note on Thursday, August 6th. Finally, Evercore reaffirmed an “outperform” rating and issued a $20.00 price target on shares of Bob’s Discount Furniture in a report on Friday, August 7th. Eleven analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $24.00.

Bob’s Discount Furniture Profile

Bob’s Discount Furniture (NYSE: BOBS) is a furniture retailer that sells a broad selection of home furnishings through its retail stores and e-commerce platform. Its product offerings include living room, bedroom, dining room and home office furniture, as well as mattresses, rugs, lighting, home accessories and other household products.

The company was founded in 1991 by Bob Kaufman in Newington, Connecticut, with a focus on offering furniture at value-oriented prices. Bob’s has since expanded beyond its New England roots and serves customers primarily across the eastern United States through a network of retail locations, delivery operations and online shopping services.

Bob’s Discount Furniture also provides services such as furniture delivery, assembly and mattress-related support.