Bob’s Discount Furniture (NYSE:BOBS) Stock Price Up 7.3% – What’s Next?

Shares of Bob’s Discount Furniture, Inc. (NYSE:BOBS) were up 7.3% during mid-day trading on Wednesday . The company traded as high as $16.67 and last traded at $16.7350. 461,103 shares were traded during mid-day trading, a decline of 60% from the average session volume of 1,160,959 shares. The stock had previously closed at $15.60.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the stock. Craig Hallum started coverage on shares of Bob’s Discount Furniture in a research report on Wednesday, April 1st. They set a “buy” rating and a $21.00 price target for the company. 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 research report on Monday, May 4th. Weiss Ratings began coverage on shares of Bob’s Discount Furniture in a research note on Thursday, May 14th. They set a “sell (d)” rating for the company. Robert W. Baird set a $14.00 price target on shares of Bob’s Discount Furniture in a research note on Friday, May 8th. Finally, UBS Group cut their price target on Bob’s Discount Furniture from $27.00 to $24.00 and set a “buy” rating on the stock in a report on Tuesday, May 5th. Eleven analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Bob’s Discount Furniture has an average rating of “Moderate Buy” and a consensus target price of $22.92.

Bob’s Discount Furniture Stock Up 1.0%

The firm’s fifty day simple moving average is $13.81. The firm has a market capitalization of $2.15 billion and a P/E ratio of 37.41.

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

Insider Activity at Bob’s Discount Furniture

In related news, insider William G. Barton purchased 22,150 shares of Bob’s Discount Furniture stock in a transaction dated Friday, May 8th. The stock was bought at an average cost of $13.56 per share, with a total value of $300,354.00. Following the purchase, the insider owned 22,150 shares in the company, valued at approximately $300,354. The trade was a ∞ increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available 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.