Bob’s Discount Furniture, Inc. (NYSE:BOBS) Given Average Rating of “Moderate Buy” by Analysts

Shares of Bob’s Discount Furniture, Inc. (NYSE:BOBS) have received an average recommendation of “Moderate Buy” from the fifteen brokerages that are currently covering the stock, MarketBeat reports. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and eleven have assigned a buy rating to the company. The average twelve-month target price among brokers that have covered the stock in the last year is $22.9167.

BOBS has been the topic of several research reports. DA Davidson lowered their price target on shares of Bob’s Discount Furniture from $26.00 to $24.00 and set a “buy” rating on the stock in a research report on Wednesday, March 18th. Morgan Stanley lowered their price target on shares of Bob’s Discount Furniture from $25.50 to $23.00 and set an “overweight” rating on the stock in a research report on Wednesday, March 18th. Evercore reiterated an “outperform” rating and issued a $16.00 price target on shares of Bob’s Discount Furniture in a research report on Friday, May 8th. Raymond James Financial upgraded shares of Bob’s Discount Furniture to a “moderate buy” rating in a research report on Monday, March 2nd. Finally, Wall Street Zen upgraded shares of Bob’s Discount Furniture to a “hold” rating in a research report on Monday, February 16th.

Bob’s Discount Furniture Stock Up 4.7%

Shares of BOBS stock opened at $12.48 on Wednesday. The business’s fifty day moving average price is $11.92. Bob’s Discount Furniture has a 1 year low of $9.73 and a 1 year high of $23.49.

Bob’s Discount Furniture (NYSE:BOBS) last issued its quarterly earnings data on Thursday, May 7th. The company reported $0.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.21 by ($0.12). The company had revenue of $578.10 million during the quarter. The business’s revenue was up 8.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.13 earnings per share.

Insider Activity

In other news, insider William G. Barton acquired 22,150 shares of Bob’s Discount Furniture stock in a transaction that occurred on Friday, May 8th. The shares were acquired at an average price of $13.56 per share, with a total value of $300,354.00. Following the completion of the purchase, the insider owned 22,150 shares of the company’s stock, valued at approximately $300,354. This represents a ∞ increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 3.20% of the company’s stock.

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.