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

Bob’s Discount Furniture, Inc. (NYSE:BOBS) has received a consensus recommendation of “Moderate Buy” from the fourteen ratings firms that are currently covering the stock, MarketBeat reports. Three analysts have rated the stock with a hold recommendation and eleven have assigned a buy recommendation to the company. The average 12-month target price among brokers that have covered the stock in the last year is $24.6667.

Several research firms have issued reports on BOBS. The Goldman Sachs Group began coverage on Bob’s Discount Furniture in a report on Monday, March 2nd. They set a “neutral” rating and a $25.00 price objective on the stock. Evercore began coverage on Bob’s Discount Furniture in a report on Monday, March 2nd. They set an “outperform” rating and a $25.00 price objective on the stock. Craig Hallum began coverage on Bob’s Discount Furniture in a report on Wednesday, April 1st. They set a “buy” rating and a $21.00 price objective on the stock. Zacks Research raised Bob’s Discount Furniture to a “hold” rating in a report on Tuesday, March 3rd. Finally, Loop Capital began coverage on Bob’s Discount Furniture in a report on Monday, March 2nd. They set a “buy” rating and a $28.00 price objective on the stock.

Bob’s Discount Furniture Stock Performance

NYSE:BOBS opened at $12.58 on Tuesday. The stock’s fifty day moving average price is $15.27. Bob’s Discount Furniture has a 52-week low of $10.20 and a 52-week high of $23.49.

Bob’s Discount Furniture (NYSE:BOBS) last posted its quarterly earnings data on Tuesday, March 17th. The company reported $0.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.11 by $0.24. The firm had revenue of $648.83 million for the quarter, compared to analyst estimates of $647.49 million. During the same period in the prior year, the company posted $0.36 EPS. The firm’s quarterly revenue was up 8.2% compared to the same quarter last year.

Insider Buying and Selling at Bob’s Discount Furniture

In other Bob’s Discount Furniture news, Director Jennifer Lynn Davis sold 2,917,500 shares of the company’s stock in a transaction on Friday, February 13th. The shares were sold at an average price of $15.94, for a total transaction of $46,504,950.00. Following the completion of the sale, the director owned 95,370,751 shares in the company, valued at approximately $1,520,209,770.94. The trade was a 2.97% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director John Thomas Kilgallon sold 2,917,500 shares of the company’s stock in a transaction on Friday, February 13th. The shares were sold at an average price of $15.94, for a total transaction of $46,504,950.00. Following the sale, the director owned 95,370,751 shares of the company’s stock, valued at $1,520,209,770.94. The trade was a 2.97% decrease in their position. The disclosure for this sale is available in the SEC filing. 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.