Shares of Bob’s Discount Furniture, Inc. (NYSE:BOBS – Get Free Report) traded down 7.7% during trading on Wednesday . The company traded as low as $15.17 and last traded at $15.0050. Approximately 113,539 shares traded hands during trading, a decline of 90% from the average daily volume of 1,173,663 shares. The stock had previously closed at $16.26.
Analyst Upgrades and Downgrades
A number of research analysts recently weighed in on the stock. DA Davidson reduced their price objective on shares of Bob’s Discount Furniture from $26.00 to $24.00 and set a “buy” rating for the company in a research note on Wednesday, March 18th. 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. Morgan Stanley reduced their price target on Bob’s Discount Furniture from $25.50 to $23.00 and set an “overweight” rating for the company in a research report on Wednesday, March 18th. Royal Bank Of Canada decreased their price objective on Bob’s Discount Furniture from $25.00 to $18.00 and set an “outperform” rating on the stock in a research note on Monday, May 4th. Finally, Evercore restated an “outperform” rating and issued a $16.00 target price on shares of Bob’s Discount Furniture in a research note on Friday, May 8th. Eleven investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $22.92.
Get Our Latest Analysis on Bob’s Discount Furniture
Bob’s Discount Furniture Price Performance
Bob’s Discount Furniture (NYSE:BOBS – Get Free Report) last issued its quarterly earnings data on Thursday, May 7th. The company reported $0.09 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.12). The company had revenue of $578.10 million during the quarter. During the same period in the prior year, the firm earned $0.13 EPS. The firm’s revenue for the quarter was up 8.5% on a year-over-year basis.
Insider Activity
In other Bob’s Discount Furniture news, insider William G. Barton acquired 22,150 shares of the business’s stock in a transaction dated Friday, May 8th. The stock was bought at an average price of $13.56 per share, with a total value of $300,354.00. Following the completion of the acquisition, the insider owned 22,150 shares of the company’s stock, valued at $300,354. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. Company insiders own 3.20% of the company’s stock.
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.
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