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

Bob’s Discount Furniture, Inc. (NYSE:BOBS) has earned a consensus recommendation of “Moderate Buy” from the fifteen brokerages that are presently covering the firm, Marketbeat reports. Four investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $24.00.

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

Institutional Investors Weigh In On Bob’s Discount Furniture

A number of large investors have recently added to or reduced their stakes in the company. Readystate Asset Management LP purchased a new position in shares of Bob’s Discount Furniture in the second quarter valued at about $237,000. Penn Capital Management Company LLC purchased a new stake in shares of Bob’s Discount Furniture during the second quarter worth about $423,000. Bank of New York Mellon Corp bought a new stake in shares of Bob’s Discount Furniture in the second quarter worth about $700,000. HBK Investments L P bought a new stake in shares of Bob’s Discount Furniture in the second quarter worth about $3,955,000. Finally, Alyeska Investment Group L.P. purchased a new position in Bob’s Discount Furniture during the 2nd quarter valued at about $16,599,000.

Bob’s Discount Furniture Stock Performance

NYSE BOBS opened at $14.73 on Friday. The company has a 50-day simple moving average of $16.89 and a two-hundred day simple moving average of $14.58. 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 12-month low of $9.73 and a 12-month high of $23.49. The firm has a market cap of $1.93 billion and a price-to-earnings ratio of 23.02.

Bob’s Discount Furniture (NYSE:BOBS) last released its quarterly earnings data on Thursday, August 6th. The company reported $0.20 EPS for the quarter, hitting the consensus estimate of $0.20. The company had revenue of $619.57 million during the quarter. On average, equities analysts forecast that Bob’s Discount Furniture will post 0.93 EPS for the current year.

About Bob’s Discount Furniture

Bob’s Discount Furniture (NYSE: BOBS) is a furniture retailer that sells a broad selection of home furnishings through its retail stores and e-commerce platform. Its product offerings include living room, bedroom, dining room and home office furniture, as well as mattresses, rugs, lighting, home accessories and other household products.

The company was founded in 1991 by Bob Kaufman in Newington, Connecticut, with a focus on offering furniture at value-oriented prices. Bob’s has since expanded beyond its New England roots and serves customers primarily across the eastern United States through a network of retail locations, delivery operations and online shopping services.

Bob’s Discount Furniture also provides services such as furniture delivery, assembly and mattress-related support.