Bob’s Discount Furniture (NYSE:BOBS) Insider William Barton Acquires 22,150 Shares

Bob’s Discount Furniture, Inc. (NYSE:BOBS) insider William Barton acquired 22,150 shares of the stock in a transaction on Friday, May 8th. The shares were acquired at an average price of $13.56 per share, for a total transaction of $300,354.00. Following the acquisition, the insider owned 22,150 shares of the company’s stock, valued at approximately $300,354. The trade was a ∞ increase in their position. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link.

Bob’s Discount Furniture Price Performance

Shares of NYSE BOBS traded down $0.71 during mid-day trading on Tuesday, reaching $12.46. 1,828,951 shares of the company’s stock traded hands, compared to its average volume of 1,279,612. The business has a 50-day moving average of $13.10. Bob’s Discount Furniture, Inc. has a 1-year low of $9.73 and a 1-year high of $23.49.

Bob’s Discount Furniture (NYSE:BOBS) last posted 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 company had revenue of $578.10 million for the quarter. During the same period last year, the firm posted $0.13 EPS. The firm’s revenue for the quarter was up 8.5% on a year-over-year basis.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the company. Bank of America initiated coverage on Bob’s Discount Furniture in a research report on Monday, March 2nd. They set a “buy” rating and a $28.00 target price on the stock. Craig Hallum began coverage on shares of Bob’s Discount Furniture in a report on Wednesday, April 1st. They set a “buy” rating and a $21.00 price objective on the stock. DA Davidson reduced their target price on shares of Bob’s Discount Furniture from $26.00 to $24.00 and set a “buy” rating for the company in a research note on Wednesday, March 18th. JPMorgan Chase & Co. lowered their target price on shares of Bob’s Discount Furniture from $29.00 to $26.00 and set an “overweight” rating for the company in a report on Wednesday, March 18th. Finally, UBS Group cut their price target on shares of Bob’s Discount Furniture from $27.00 to $24.00 and set a “buy” rating on the stock in a report on Tuesday, May 5th. Eleven research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Bob’s Discount Furniture has an average rating of “Moderate Buy” and an average target price of $22.92.

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.