Bob’s Discount Furniture, Inc. (NYSE:BOBS) Stock Has Consensus Price Target of $23.75 According to Analysts

Shares of Bob’s Discount Furniture, Inc. (NYSE:BOBS – Get Free Report) have earned an average rating of “Moderate Buy” from the fifteen brokerages that are presently covering the company, MarketBeat reports. Four analysts have rated the stock with a hold recommendation and eleven have assigned a buy recommendation to the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $23.67.

Several research firms have issued reports on BOBS. Robert W. Baird set a $19.00 price objective on Bob’s Discount Furniture in a research report on Friday, August 7th. Royal Bank Of Canada decreased their target price on shares of Bob’s Discount Furniture from $22.00 to $21.00 and set an “outperform” rating on the stock in a research report on Friday, November 6th. JPMorgan Chase & Co. upped their price target on shares of Bob’s Discount Furniture from $22.00 to $25.00 and gave the stock an “overweight” rating in a research note on Friday, November 6th. Evercore set a $18.00 price target on shares of Bob’s Discount Furniture in a report on Tuesday, October 13th. Finally, Weiss Ratings raised shares of Bob’s Discount Furniture from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Monday, August 17th.

Read Our Latest Research Report on Bob’s Discount Furniture

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. Cibc World Market Inc. increased its position in shares of Bob’s Discount Furniture by 39.7% during the third quarter. Cibc World Market Inc. now owns 42,125 shares of the company’s stock worth $584,000 after acquiring an additional 11,975 shares during the last quarter. Royce & Associates LP acquired a new position in shares of Bob’s Discount Furniture during the third quarter valued at approximately $4,614,000. William Blair Investment Management LLC acquired a new position in shares of Bob’s Discount Furniture during the 3rd quarter valued at $33,165,000. Russell Investments Group Ltd. raised its stake in shares of Bob’s Discount Furniture by 4,192.1% in the 3rd quarter. Russell Investments Group Ltd. now owns 67,343 shares of the company’s stock worth $933,000 after buying an additional 65,774 shares in the last quarter. Finally, Penn Capital Management Company LLC lifted its holdings in shares of Bob’s Discount Furniture by 38.8% in the third quarter. Penn Capital Management Company LLC now owns 37,142 shares of the company’s stock valued at $515,000 after buying an additional 10,375 shares during the period.

Bob’s Discount Furniture Price Performance

Shares of BOBS opened at $21.30 on Friday. The company has a current ratio of 0.95, a quick ratio of 0.28 and a debt-to-equity ratio of 0.12. The stock’s 50 day moving average is $15.76 and its two-hundred day moving average is $15.15. Bob’s Discount Furniture has a twelve month low of $9.73 and a twelve month high of $23.49. The firm has a market capitalization of $2.79 billion and a PE ratio of 23.09.

Bob’s Discount Furniture (NYSE:BOBS – Get Free Report) last issued its earnings results on Thursday, November 5th. The company reported $0.28 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.28. Bob’s Discount Furniture had a return on equity of 26.85% and a net margin of 5.66%. The business had revenue of $680.44 million during the quarter. During the same period last year, the company posted $0.29 earnings per share. The business’s quarterly revenue was up 10.3% on a year-over-year basis. Research analysts anticipate that Bob’s Discount Furniture will post 0.93 earnings per share for the current year.

About Bob’s Discount Furniture

(Get Free Report)

Bob’s Discount Furniture is a U.S. home furnishings retailer offering value-priced furniture, mattresses and related products. Its merchandise includes items for living rooms, bedrooms, dining rooms and home offices, along with rugs, lighting and home décor. The company sells through retail stores and its e-commerce platform, serving customers across the United States. Its stores provide an in-person way to browse furniture and mattresses, while the online channel allows customers to shop its assortment remotely.

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Analyst Recommendations for Bob's Discount Furniture (NYSE:BOBS)

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