Bob’s Discount Furniture, Inc. (NYSE:BOBS) Receives $24.67 Average Price Target from Analysts

Bob’s Discount Furniture, Inc. (NYSE:BOBS) has been assigned a consensus recommendation of “Moderate Buy” from the fourteen analysts that are covering the company, Marketbeat.com reports. Three investment analysts have rated the stock with a hold recommendation and eleven have assigned a buy recommendation to the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $24.6667.

BOBS has been the topic of several research reports. Evercore initiated coverage on Bob’s Discount Furniture in a research note on Monday, March 2nd. They set an “outperform” rating and a $25.00 price target on the stock. Royal Bank Of Canada cut their price target on Bob’s Discount Furniture from $26.00 to $25.00 and set an “outperform” rating on the stock in a research note on Wednesday, March 18th. Robert W. Baird cut their price target on Bob’s Discount Furniture from $22.00 to $16.00 and set a “neutral” rating on the stock in a research note on Wednesday, March 18th. JPMorgan Chase & Co. cut their price target on Bob’s Discount Furniture from $29.00 to $26.00 and set an “overweight” rating on the stock in a research note on Wednesday, March 18th. Finally, Craig Hallum initiated coverage on Bob’s Discount Furniture in a research note on Wednesday, April 1st. They set a “buy” rating and a $21.00 price target on the stock.

Insider Buying and Selling at Bob’s Discount Furniture

In other news, Director John Thomas Kilgallon 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 transaction of $46,504,950.00. Following the transaction, the director owned 95,370,751 shares in the company, valued at approximately $1,520,209,770.94. This trade represents a 2.97% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Jennifer Lynn Davis sold 2,917,500 shares of the firm’s 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 approximately $1,520,209,770.94. This represents a 2.97% decrease in their position. The disclosure for this sale is available in the SEC filing. Company insiders own 3.20% of the company’s stock.

Bob’s Discount Furniture Stock Down 4.5%

NYSE:BOBS opened at $11.46 on Tuesday. Bob’s Discount Furniture has a twelve month low of $10.20 and a twelve month high of $23.49. The stock’s fifty day simple moving average is $15.06.

Bob’s Discount Furniture (NYSE:BOBS) last released its earnings results on Tuesday, March 17th. The company reported $0.35 earnings per share for the quarter, topping the consensus estimate of $0.11 by $0.24. The business had revenue of $648.83 million for the quarter, compared to the consensus estimate of $647.49 million. During the same quarter last year, the business posted $0.36 earnings per share. The firm’s revenue for the quarter 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.