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 been given a consensus rating of “Moderate Buy” by the fifteen brokerages that are presently covering the firm, MarketBeat reports. Four research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. The average 12 month price target among brokers that have covered the stock in the last year is $24.00.

Several research firms have recently issued reports on BOBS. Evercore reiterated an “outperform” rating and issued a $20.00 price objective on shares of Bob’s Discount Furniture in a report on Friday, August 7th. UBS Group cut their target price on 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. Robert W. Baird set a $19.00 price target on Bob’s Discount Furniture in a research note on Friday, August 7th. Royal Bank Of Canada lifted their price target on Bob’s Discount Furniture from $19.00 to $22.00 and gave the company an “outperform” rating in a research report on Thursday, August 6th. Finally, Weiss Ratings upgraded Bob’s Discount Furniture from a “sell (d+)” rating to a “hold (c-)” rating in a report on Monday, August 17th.

Bob’s Discount Furniture Stock Down 0.3%

BOBS stock opened at $17.45 on Monday. The business has a 50-day moving average of $16.29. The firm has a market capitalization of $2.28 billion and a P/E ratio of 27.27. The company has a quick ratio of 0.28, a current ratio of 0.90 and a debt-to-equity ratio of 0.14. Bob’s Discount Furniture has a fifty-two week low of $9.73 and a fifty-two week high of $23.49.

Bob’s Discount Furniture (NYSE:BOBS) last released its earnings results on Thursday, August 6th. The company reported $0.20 EPS for the quarter, meeting the consensus estimate of $0.20. The company had revenue of $619.57 million for the quarter. Equities analysts anticipate that Bob’s Discount Furniture will post 0.93 EPS for the current year.

Institutional Investors Weigh In On Bob’s Discount Furniture

Institutional investors and hedge funds have recently bought and sold shares of the business. Readystate Asset Management LP bought a new position in shares of Bob’s Discount Furniture during the 2nd quarter valued at about $237,000. Penn Capital Management Company LLC bought a new stake in shares of Bob’s Discount Furniture in the 2nd quarter worth approximately $423,000. Bank of New York Mellon Corp bought a new stake in shares of Bob’s Discount Furniture in the 2nd quarter worth approximately $700,000. Finally, Alyeska Investment Group L.P. acquired a new stake in Bob’s Discount Furniture during the second quarter valued at approximately $16,599,000.

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.