Shares of Bob’s Discount Furniture, Inc. (NYSE:BOBS – Get Free Report) gapped up prior to trading on Friday . The stock had previously closed at $12.28, but opened at $13.38. Bob’s Discount Furniture shares last traded at $13.1660, with a volume of 19,693 shares.
Wall Street Analyst Weigh In
A number of analysts recently commented on the company. Zacks Research raised Bob’s Discount Furniture to a “hold” rating in a research note on Tuesday, March 3rd. JPMorgan Chase & Co. reduced their price target on Bob’s Discount Furniture from $29.00 to $26.00 and set an “overweight” rating on the stock in a research note on Wednesday, March 18th. Bank of America assumed coverage on Bob’s Discount Furniture in a research note on Monday, March 2nd. They issued a “buy” rating and a $28.00 price target on the stock. KeyCorp assumed coverage on Bob’s Discount Furniture in a research note on Monday, March 2nd. They issued an “overweight” rating and a $28.00 price target on the stock. Finally, The Goldman Sachs Group started coverage on Bob’s Discount Furniture in a research note on Monday, March 2nd. They issued a “neutral” rating and a $25.00 price target on the stock. Eleven analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Bob’s Discount Furniture has a consensus rating of “Moderate Buy” and a consensus price target of $22.92.
View Our Latest Stock Report on BOBS
Bob’s Discount Furniture Stock Up 1.3%
Bob’s Discount Furniture (NYSE:BOBS – Get Free Report) last announced its quarterly earnings results 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 firm had revenue of $578.10 million during the quarter. The business’s quarterly revenue was up 8.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.13 EPS.
Insider Activity
In other Bob’s Discount Furniture news, insider William G. Barton purchased 22,150 shares of the stock in a transaction dated Friday, May 8th. The shares were purchased at an average cost of $13.56 per share, with a total value of $300,354.00. Following the completion of the acquisition, the insider directly owned 22,150 shares in the company, valued at $300,354. This trade represents a ∞ increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 3.20% of the stock is currently owned by insiders.
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.
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