Bob’s Discount Furniture, Inc. (NYSE:BOBS) Stock Has Consensus Target Price of $24.00 According to 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 covering the stock, Marketbeat.com reports. Four equities research analysts have rated the stock with a hold recommendation and eleven have assigned a buy recommendation to the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $23.83.

Several equities analysts have recently issued reports on the stock. 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. Royal Bank Of Canada raised their price objective 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. Evercore set a $18.00 target price on Bob’s Discount Furniture in a report on Tuesday. Finally, Robert W. Baird set a $19.00 target price on Bob’s Discount Furniture in a research note on Friday, August 7th.

Bob’s Discount Furniture Trading Up 0.4%

Shares of NYSE BOBS opened at $14.84 on Tuesday. Bob’s Discount Furniture has a 1 year low of $9.73 and a 1 year high of $23.49. The company has a debt-to-equity ratio of 0.14, a current ratio of 0.90 and a quick ratio of 0.28. The firm has a 50-day moving average of $15.92 and a 200 day moving average of $14.42. The stock has a market cap of $1.94 billion and a P/E ratio of 23.19.

Bob’s Discount Furniture (NYSE:BOBS) last posted 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 business had revenue of $619.57 million for the quarter. As a group, sell-side analysts expect that Bob’s Discount Furniture will post 0.93 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of BOBS. Alyeska Investment Group L.P. purchased a new stake in shares of Bob’s Discount Furniture during the 2nd quarter valued at about $16,599,000. State Street Corp purchased a new position in shares of Bob’s Discount Furniture during the 2nd quarter valued at $4,683,000. HBK Investments L P purchased a new position in Bob’s Discount Furniture in the 2nd quarter worth approximately $3,955,000. Bank of New York Mellon Corp purchased a new stake in Bob’s Discount Furniture in the 2nd quarter worth $700,000. Finally, Penn Capital Management Company LLC purchased a new position in Bob’s Discount Furniture during the 2nd quarter valued at approximately $423,000.

Bob’s Discount Furniture Company Profile

Bob’s Discount Furniture (NYSE: BOBS) is a U.S. furniture retailer that sells value-oriented furniture and home furnishings through its retail stores and e-commerce platform. The company serves residential customers seeking affordable products for a range of rooms and home settings.

Its merchandise includes living room, bedroom, dining room, home office and children’s furniture, as well as mattresses, rugs, lighting, décor and other home accessories. Bob’s also provides related services such as furniture delivery, assembly and financing options, subject to applicable terms.

Founded in 1991 by Robert “Bob” Kaufman, the company is headquartered in Manchester, Connecticut, and operates primarily across the United States, with a retail presence concentrated in the Northeast, Mid-Atlantic, Midwest and other regions.