Bob’s Discount Furniture, Inc. (NYSE:BOBS) Receives $25.00 Consensus Target Price from Brokerages

Shares of Bob’s Discount Furniture, Inc. (NYSE:BOBS) have earned a consensus rating of “Moderate Buy” from the thirteen ratings firms that are presently covering the firm, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $25.00.

Several equities research analysts have recently commented on BOBS shares. Evercore started coverage on shares of Bob’s Discount Furniture in a research report on Monday, March 2nd. They set an “outperform” rating and a $25.00 price target for the company. Zacks Research raised shares of Bob’s Discount Furniture to a “hold” rating in a report on Tuesday, March 3rd. Bank of America initiated coverage on shares of Bob’s Discount Furniture in a research report on Monday, March 2nd. They set a “buy” rating and a $28.00 target price for the company. The Goldman Sachs Group began coverage on shares of Bob’s Discount Furniture in a report on Monday, March 2nd. They set a “neutral” rating and a $25.00 target price for the company. Finally, DA Davidson decreased their price target on shares of Bob’s Discount Furniture from $26.00 to $24.00 and set a “buy” rating on the stock in a research report on Wednesday, March 18th.

Insiders Place Their Bets

In related news, Director Jennifer Lynn Davis sold 2,917,500 shares of the firm’s stock in a transaction on 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 transaction, the director directly owned 95,370,751 shares of the company’s stock, valued at approximately $1,520,209,770.94. This trade represents a 2.97% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director John Thomas Kilgallon sold 2,917,500 shares of Bob’s Discount Furniture stock in a transaction on Friday, February 13th. The shares were sold at an average price of $15.94, for a total value of $46,504,950.00. Following the transaction, the director owned 95,370,751 shares in the company, valued at $1,520,209,770.94. This trade represents a 2.97% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 3.20% of the stock is currently owned by company insiders.

Bob’s Discount Furniture Price Performance

Shares of BOBS opened at $10.35 on Friday. Bob’s Discount Furniture has a 1-year low of $10.20 and a 1-year high of $23.49.

Bob’s Discount Furniture (NYSE:BOBS) last posted its quarterly earnings data on Tuesday, March 17th. The company reported $0.35 EPS for the quarter, beating analysts’ consensus estimates of $0.11 by $0.24. The firm had revenue of $648.83 million for the quarter, compared to analysts’ expectations of $647.49 million. During the same quarter last year, the company posted $0.36 EPS. The firm’s revenue was up 8.2% compared to the same quarter last year.

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.