Royal Bank Of Canada Cuts Bob’s Discount Furniture (NYSE:BOBS) Price Target to $25.00

Bob’s Discount Furniture (NYSE:BOBS) had its price target reduced by Royal Bank Of Canada from $26.00 to $25.00 in a research report sent to investors on Wednesday morning,Benzinga reports. Royal Bank Of Canada currently has an outperform rating on the stock.

A number of other equities research analysts also recently weighed in on the company. Robert W. Baird cut their price target on Bob’s Discount Furniture from $22.00 to $16.00 and set a “neutral” rating for the company in a research note on Wednesday. Raymond James Financial raised Bob’s Discount Furniture to a “moderate buy” rating in a research note on Monday, March 2nd. DA Davidson assumed coverage on Bob’s Discount Furniture in a report on Monday, February 23rd. They issued a “buy” rating and a $26.00 price objective on the stock. KeyCorp began coverage on shares of Bob’s Discount Furniture in a research report on Monday, March 2nd. They set an “overweight” rating and a $28.00 price objective on the stock. Finally, JPMorgan Chase & Co. initiated coverage on shares of Bob’s Discount Furniture in a research report on Monday, March 2nd. They issued an “overweight” rating and a $29.00 price target on the stock. Ten analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $25.00.

Bob’s Discount Furniture Stock Performance

Bob’s Discount Furniture stock opened at $12.49 on Wednesday. Bob’s Discount Furniture has a 12 month low of $12.36 and a 12 month high of $23.49.

Bob’s Discount Furniture (NYSE:BOBS) last announced its quarterly earnings data on Tuesday, March 17th. The company reported $0.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.11 by $0.24. The firm had revenue of $648.83 million for the quarter, compared to analysts’ expectations of $647.49 million. Bob’s Discount Furniture’s revenue was up 8.2% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.36 earnings per share.

Insider Activity at Bob’s Discount Furniture

In other news, Director Jennifer Lynn Davis sold 2,917,500 shares of the company’s stock in a transaction that occurred on Friday, February 13th. The shares were sold at an average price of $15.94, for a total transaction of $46,504,950.00. Following the transaction, the director directly owned 95,370,751 shares in the company, valued at approximately $1,520,209,770.94. This represents a 2.97% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director John Thomas Kilgallon sold 2,917,500 shares of the firm’s stock in a transaction dated Friday, February 13th. The shares were sold at an average price of $15.94, for a total value of $46,504,950.00. Following the completion of the transaction, the director owned 95,370,751 shares in the company, valued at approximately $1,520,209,770.94. This represents a 2.97% decrease in their position. The disclosure for this sale is available in the SEC filing. 3.20% of the stock is owned by company 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.