Bob’s Discount Furniture, Inc. (NYSE:BOBS) Receives $22.92 Consensus Price Target from Analysts

Shares of Bob’s Discount Furniture, Inc. (NYSE:BOBS) have earned a consensus recommendation of “Moderate Buy” from the fifteen research firms that are currently covering the company, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and eleven have assigned a buy recommendation to the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $22.9167.

A number of research firms have issued reports on BOBS. Evercore restated an “outperform” rating and set a $16.00 price target on shares of Bob’s Discount Furniture in a report on Friday, May 8th. Zacks Research upgraded Bob’s Discount Furniture to a “hold” rating in a report on Tuesday, March 3rd. Bank of America assumed coverage on Bob’s Discount Furniture in a report on Monday, March 2nd. They set a “buy” rating and a $28.00 price target on the stock. Weiss Ratings assumed coverage on Bob’s Discount Furniture in a report on Thursday, May 14th. They issued a “sell (d)” rating on the stock. Finally, Robert W. Baird set a $14.00 target price on Bob’s Discount Furniture in a report on Friday, May 8th.

Bob’s Discount Furniture Price Performance

NYSE:BOBS opened at $11.55 on Friday. The firm’s 50 day moving average price is $12.02. 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, May 7th. The company reported $0.09 earnings per share for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.12). The business had revenue of $578.10 million for the quarter. Bob’s Discount Furniture’s revenue was up 8.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.13 earnings per share.

Insider Activity

In other news, insider William G. Barton bought 22,150 shares of the business’s stock in a transaction that occurred on Friday, May 8th. The shares were bought at an average cost of $13.56 per share, for a total transaction of $300,354.00. Following the acquisition, the insider directly 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 document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 3.20% of the stock is currently owned by corporate insiders.

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.