Robert W. Baird Cuts Bob’s Discount Furniture (NYSE:BOBS) Price Target to $16.00

Bob’s Discount Furniture (NYSE:BOBS) had its price target cut by Robert W. Baird from $22.00 to $16.00 in a research report released on Wednesday,Benzinga reports. They currently have a neutral rating on the stock.

Other research analysts also recently issued research reports about the company. Raymond James Financial raised Bob’s Discount Furniture to a “moderate buy” rating in a report on Monday, March 2nd. JPMorgan Chase & Co. assumed coverage on Bob’s Discount Furniture in a research note on Monday, March 2nd. They set an “overweight” rating and a $29.00 price target for the company. Wall Street Zen raised shares of Bob’s Discount Furniture to a “hold” rating in a research report on Monday, February 16th. The Goldman Sachs Group assumed coverage on shares of Bob’s Discount Furniture in a research note on Monday, March 2nd. They issued a “neutral” rating and a $25.00 price objective on the stock. Finally, Zacks Research raised shares of Bob’s Discount Furniture to a “hold” rating in a report on Tuesday, March 3rd. Ten equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $25.00.

Bob’s Discount Furniture Stock Performance

BOBS opened at $12.49 on Wednesday. Bob’s Discount Furniture has a twelve month low of $12.36 and a twelve month high of $23.49.

Bob’s Discount Furniture (NYSE:BOBS) last released its quarterly earnings results on Tuesday, March 17th. The company reported $0.35 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.11 by $0.24. The firm had revenue of $648.83 million during the quarter, compared to analysts’ expectations of $647.49 million. The business’s quarterly revenue was up 8.2% on a year-over-year basis. During the same quarter last year, the business earned $0.36 earnings per share.

Insider Buying and Selling at Bob’s Discount Furniture

In other Bob’s Discount Furniture news, Director Jennifer Lynn Davis sold 2,917,500 shares of the company’s stock in a transaction dated Friday, February 13th. The stock was sold at an average price of $15.94, for a total value of $46,504,950.00. Following the completion of the sale, the director owned 95,370,751 shares in the company, valued at $1,520,209,770.94. This represents a 2.97% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director John Thomas Kilgallon sold 2,917,500 shares of the company’s stock in a transaction dated Friday, February 13th. The stock was sold at an average price of $15.94, for a total value of $46,504,950.00. Following the completion of the sale, the director owned 95,370,751 shares of the company’s stock, valued at approximately $1,520,209,770.94. The trade was a 2.97% decrease in their position. The SEC filing for this sale provides additional information. 3.20% of the stock is currently owned by 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.