Insider Buying: Bob’s Discount Furniture (NYSE:BOBS) Insider Acquires $300,354.00 in Stock

Bob’s Discount Furniture, Inc. (NYSE:BOBS) insider William Barton bought 22,150 shares of the firm’s stock in a transaction on Friday, May 8th. The stock was purchased at an average cost of $13.56 per share, for a total transaction of $300,354.00. Following the completion of the acquisition, the insider owned 22,150 shares in the company, valued at approximately $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 at this hyperlink.

Bob’s Discount Furniture Stock Performance

BOBS stock opened at $11.85 on Friday. Bob’s Discount Furniture, Inc. has a 12 month low of $9.73 and a 12 month high of $23.49. The firm has a 50-day moving average price of $12.77.

Bob’s Discount Furniture (NYSE:BOBS) last released its earnings results on Thursday, May 7th. The company reported $0.09 EPS for the quarter, missing the consensus estimate of $0.21 by ($0.12). The business had revenue of $578.10 million for the quarter. During the same period last year, the company posted $0.13 EPS. The company’s revenue was up 8.5% compared to the same quarter last year.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on BOBS shares. Bank of America started coverage on shares of Bob’s Discount Furniture in a report on Monday, March 2nd. They set a “buy” rating and a $28.00 price target on the stock. Craig Hallum started coverage on shares of Bob’s Discount Furniture in a report on Wednesday, April 1st. They set a “buy” rating and a $21.00 price target on the stock. Evercore reaffirmed an “outperform” rating and set a $16.00 price target on shares of Bob’s Discount Furniture in a report on Friday, May 8th. JPMorgan Chase & Co. decreased their price target on shares of Bob’s Discount Furniture from $29.00 to $26.00 and set an “overweight” rating on the stock in a report on Wednesday, March 18th. Finally, Royal Bank Of Canada decreased their price target on shares of Bob’s Discount Furniture from $25.00 to $18.00 and set an “outperform” rating on the stock in a report on Monday, May 4th. Eleven research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, Bob’s Discount Furniture presently has a consensus rating of “Moderate Buy” and an average target price of $22.92.

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.