Bob’s Discount Furniture, Inc. (NYSE:BOBS – Get Free Report) has received a consensus rating of “Moderate Buy” from the fifteen brokerages that are covering the firm, MarketBeat Ratings reports. Four analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $23.83.
Several equities analysts have recently commented on the stock. Evercore set a $18.00 price objective on shares of Bob’s Discount Furniture in a research note on Tuesday, October 13th. Robert W. Baird set a $19.00 target price on Bob’s Discount Furniture in a research note on Friday, August 7th. Weiss Ratings raised Bob’s Discount Furniture from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Monday, August 17th. Finally, Royal Bank Of Canada boosted their price target on Bob’s Discount Furniture from $19.00 to $22.00 and gave the company an “outperform” rating in a report on Thursday, August 6th.
Get Our Latest Research Report on Bob’s Discount Furniture
Bob’s Discount Furniture Trading Up 1.6%
Shares of BOBS opened at $15.11 on Tuesday. The company has a debt-to-equity ratio of 0.14, a current ratio of 0.90 and a quick ratio of 0.28. The firm has a fifty day simple moving average of $15.86 and a two-hundred day simple moving average of $14.47. Bob’s Discount Furniture has a twelve month low of $9.73 and a twelve month high of $23.49.
Bob’s Discount Furniture (NYSE:BOBS – Get Free Report) last announced its quarterly earnings results on Thursday, August 6th. The company reported $0.20 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.20. The firm had revenue of $619.57 million during the quarter. As a group, equities analysts predict that Bob’s Discount Furniture will post 0.93 earnings per share for the current fiscal year.
Institutional Investors Weigh In On Bob’s Discount Furniture
Institutional investors and hedge funds have recently bought and sold shares of the business. State of Alaska Department of Revenue purchased a new position in shares of Bob’s Discount Furniture during the third quarter valued at approximately $93,000. State Street Corp bought a new position in shares of Bob’s Discount Furniture during the second quarter valued at approximately $4,683,000. HBK Investments L P purchased a new stake in Bob’s Discount Furniture in the second quarter worth $3,955,000. Readystate Asset Management LP purchased a new stake in Bob’s Discount Furniture in the second quarter worth $237,000. Finally, Alyeska Investment Group L.P. purchased a new stake in Bob’s Discount Furniture in the second quarter worth $16,599,000.
About Bob’s Discount Furniture
Bob’s Discount Furniture (NYSE: BOBS) is a U.S. furniture retailer that sells value-oriented furniture and home furnishings through its retail stores and e-commerce platform. The company serves residential customers seeking affordable products for a range of rooms and home settings.
Its merchandise includes living room, bedroom, dining room, home office and children’s furniture, as well as mattresses, rugs, lighting, décor and other home accessories. Bob’s also provides related services such as furniture delivery, assembly and financing options, subject to applicable terms.
Founded in 1991 by Robert “Bob” Kaufman, the company is headquartered in Manchester, Connecticut, and operates primarily across the United States, with a retail presence concentrated in the Northeast, Mid-Atlantic, Midwest and other regions.
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