Shares of Bob’s Discount Furniture, Inc. (NYSE:BOBS – Get Free Report) have received an average rating of “Moderate Buy” from the fifteen ratings firms that are currently covering the company, Marketbeat reports. One analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and eleven have assigned a buy recommendation to the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $22.9167.
BOBS has been the subject of several research analyst reports. Morgan Stanley decreased their target price 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. DA Davidson decreased their price target 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. Weiss Ratings began coverage on Bob’s Discount Furniture in a research report on Thursday, May 14th. They issued a “sell (d)” rating for the company. Evercore reissued an “outperform” rating and issued a $16.00 price objective on shares of Bob’s Discount Furniture in a report on Friday, May 8th. Finally, Robert W. Baird set a $14.00 target price on shares of Bob’s Discount Furniture in a research note on Friday, May 8th.
View Our Latest Stock Report on BOBS
Bob’s Discount Furniture Stock 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 business had revenue of $578.10 million for the quarter. The firm’s revenue was up 8.5% on a year-over-year basis. During the same period in the prior year, the business posted $0.13 earnings per share.
Insider Transactions at Bob’s Discount Furniture
In related news, insider William G. Barton bought 22,150 shares of the business’s stock in a transaction on Friday, May 8th. The stock was acquired at an average price of $13.56 per share, for a total transaction of $300,354.00. Following the purchase, the insider directly owned 22,150 shares in the company, valued at $300,354. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 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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