Bob’s Discount Furniture, Inc. (NYSE:BOBS) Receives $22.92 Average Price Target from Brokerages

Bob’s Discount Furniture, Inc. (NYSE:BOBSGet Free Report) has earned an average recommendation of “Moderate Buy” from the fifteen ratings firms that are presently covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and eleven have issued a buy rating on the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $22.9167.

BOBS has been the topic of a number of recent analyst reports. Wall Street Zen raised shares of Bob’s Discount Furniture to a “hold” rating in a research note on Monday, February 16th. KeyCorp started coverage on shares of Bob’s Discount Furniture in a report on Monday, March 2nd. They issued an “overweight” rating and a $28.00 target price on the stock. Loop Capital started coverage on shares of Bob’s Discount Furniture in a report on Monday, March 2nd. They issued a “buy” rating and a $28.00 target price on the stock. DA Davidson cut their target price on shares of Bob’s Discount Furniture from $26.00 to $24.00 and set a “buy” rating on the stock in a report on Wednesday, March 18th. Finally, Bank of America assumed coverage on shares of Bob’s Discount Furniture in a report on Monday, March 2nd. They issued a “buy” rating and a $28.00 target price on the stock.

Get Our Latest Stock Analysis on Bob’s Discount Furniture

Insider Buying and Selling

In related news, insider William G. Barton acquired 22,150 shares of the firm’s stock in a transaction on Friday, May 8th. The stock was acquired at an average cost of $13.56 per share, for a total transaction of $300,354.00. Following 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 legal filing with the SEC, which is available at this link. Company insiders own 3.20% of the company’s stock.

Bob’s Discount Furniture Trading Up 2.3%

Shares of Bob’s Discount Furniture stock opened at $13.68 on Wednesday. The stock has a 50-day moving average price of $12.02. Bob’s Discount Furniture has a 12-month low of $9.73 and a 12-month high of $23.49.

Bob’s Discount Furniture (NYSE:BOBSGet Free Report) last announced its earnings results on Thursday, May 7th. The company reported $0.09 earnings per share for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.12). The company had revenue of $578.10 million for the quarter. Bob’s Discount Furniture’s revenue was up 8.5% on a year-over-year basis. During the same period in the prior year, the company earned $0.13 EPS.

About Bob’s Discount Furniture

(Get Free Report)

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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