Bob’s Discount Furniture, Inc.’s (NYSE:BOBS) Lock-Up Period Will End on August 4th

Bob’s Discount Furniture’s (NYSE:BOBS) lock-up period will end on Tuesday, August 4th. Bob’s Discount Furniture had issued 19,450,000 shares in its public offering on February 5th. The total size of the offering was $330,650,000 based on an initial share price of $17.00. After the end of Bob’s Discount Furniture’s lock-up period, company insiders and major shareholders will be able to sell their shares of the company.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on BOBS. UBS Group reduced their price objective on shares of Bob’s Discount Furniture from $27.00 to $24.00 and set a “buy” rating for the company in a research report on Tuesday, May 5th. Weiss Ratings started coverage on shares of Bob’s Discount Furniture in a research report on Thursday, May 14th. They issued a “sell (d)” rating on the stock. Robert W. Baird set a $14.00 price target 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 report on Wednesday, April 1st. They issued a “buy” rating and a $21.00 price target for the company. Finally, Royal Bank Of Canada decreased their price objective on shares of Bob’s Discount Furniture from $25.00 to $18.00 and set an “outperform” rating for the company in a research note on Monday, May 4th. Eleven analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $22.92.

Bob’s Discount Furniture Trading Down 1.0%

Shares of BOBS opened at $16.82 on Thursday. Bob’s Discount Furniture has a 12-month low of $9.73 and a 12-month high of $23.49. The stock has a market capitalization of $2.20 billion and a price-to-earnings ratio of 38.24. The business’s 50 day simple moving average is $14.46.

Bob’s Discount Furniture (NYSE:BOBS) last posted its quarterly earnings data on Thursday, May 7th. The company reported $0.09 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. During the same period last year, the firm earned $0.13 EPS. The company’s revenue for the quarter was up 8.5% on a year-over-year basis.

Insider Transactions at Bob’s Discount Furniture

In related news, insider William G. Barton acquired 22,150 shares of Bob’s Discount Furniture stock in a transaction on Friday, May 8th. The stock was purchased at an average cost of $13.56 per share, with a total value of $300,354.00. Following the purchase, the insider directly owned 22,150 shares in the company, valued at approximately $300,354. The trade was a ∞ increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 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.