Bob’s Discount Furniture (NYSE:BOBS) Trading 10.9% Higher – Still a Buy?

Bob’s Discount Furniture, Inc. (NYSE:BOBS) traded up 10.9% on Wednesday . The stock traded as high as $13.32 and last traded at $13.46. 98,869 shares traded hands during trading, a decline of 92% from the average session volume of 1,223,081 shares. The stock had previously closed at $12.14.

Analyst Ratings Changes

A number of research analysts have recently commented on the stock. Robert W. Baird set a $14.00 price objective on shares of Bob’s Discount Furniture in a research note on Friday, May 8th. Craig Hallum started coverage on shares of Bob’s Discount Furniture in a research note on Wednesday, April 1st. They set a “buy” rating and a $21.00 price target on the stock. Loop Capital began coverage on shares of Bob’s Discount Furniture in a report on Monday, March 2nd. They issued a “buy” rating and a $28.00 price target on the stock. DA Davidson lowered their price objective 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. Finally, Weiss Ratings began coverage on Bob’s Discount Furniture in a report on Thursday, May 14th. They set a “sell (d)” rating for the company. Eleven research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Bob’s Discount Furniture currently has an average rating of “Moderate Buy” and an average price target of $22.92.

Bob’s Discount Furniture Stock Down 0.8%

The firm has a fifty day moving average price of $11.79.

Bob’s Discount Furniture (NYSE:BOBS) last posted its quarterly 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 company had revenue of $578.10 million for the quarter. During the same period last year, the business earned $0.13 EPS. Bob’s Discount Furniture’s revenue was up 8.5% on a year-over-year basis.

Insider Buying and Selling at Bob’s Discount Furniture

In related news, insider William G. Barton purchased 22,150 shares of the stock in a transaction that occurred 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 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 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.